LEE,

PROPERTY OVERVIEW

LEE PREMIUM OUTLETS® LEE, MA

MAJOR METROPOLITAN AREAS SELECT TENANTS 87 NH VT 90 Schenectady Albany: 44 miles Ann Taylor Factory Store, Banana Republic Factory Store, BCBG, Brooks MA 2 2 Springfield: 42 miles Brothers Factory Store, Calvin Klein Company Store, Coach, Cole Haan 88 7 Troy 91 Outlet, J.Crew Factory, LACOSTE Outlet, Lindt Chocolate of Switzerland, Albany 9 To Boston

Michael Kors Outlet, Nautica, NikeFactoryStore, Polo Ralph Lauren Factory Pittsfield 90 Springfield 90

Store, SKECHERS USA, Talbots, Tommy Hilfiger Company Store, Under NY MA MA GLA (sq. ft.) 225,000; 60 stores Armour CT

87 84 Hartford OPENING DATES TOURISM / TRAFFIC To City 7 Opened June 1997 The center is located at the scenic gateway to the Berkshires, the cultural hub and vacation locale for cities within a relatively short drive time including Boston and Springfield, MA; Albany, NY; and Hartford, PARKING RATIO CT. This area’s wealthy population base includes 3.8 million people 4.8:1 within 60 miles. This outlet destination is a tax-free shopping mecca, LEE conveniently positioned just off Exit 2 of the Massachusetts Turnpike. PREMIUM OUTLETS With a traffic count of 55,000 vehicles passing the center daily, it LEE, MA RADIUS POPULATION draws millions of annual visitors, which makes it Berkshire County’s 15 miles: 92,711 largest attraction. 30 miles: 355,945 45 miles: 1,862,334 MAJOR ATTRACTIONS

Tourists visit the Berkshires for the mountains, lakes, shopping and AVERAGE HH INCOME small-town charm. Nearby Lenox is home to top-ranked Canyon 30 miles: $77,047 Ranch Resort and Cranwell Resort Spa & Golf Club. Other musical and art related regional attractions include Norman Rockwell Museum, Tanglewood (the summer home of the Boston Symphony Orchestra), Hancock Shaker Village, and Shakespeare & Company.

LOCATION / DIRECTIONS

Lee Premium Outlets is located off of I-90 (MA Turnpike). — From NY: Rte. I-90 (MA Turnpike) east to Exit 2 in Lee, MA — From MA and CT: Rte. I-90 (MA Turnpike) west to Exit 2 in Lee, MA — From Berkshire County: Rte. 20E in Lee, MA Information accurate as of 5/1/16. Source: SPG Research; trade area demographic information per STI: PopStats (2015). MASTER PLAN

I-90

N D AERIAL OVERVIEW

I-90

P US 20 / WATER ST. REM IUM O UT LE TS B L SR 102 V D . NORT H SURROUNDING AREA CENTERS

VictoryGreenwich Arlington Westminster Broadalbin Saratoga Springs Simon Centers Gloversville Cambridge North Ballston Spa Competition Johnstown Galway Ballston Spa Newfane Fonda Putney Fort Johnson South Shaftsbury Keene 1 Lee Premium Outlets® Fultonville Round Lake Stillwater North Bennington 2 Berkshire Mall MechanicvilleValley Falls Old Bennington Marlborough 3 Blue Back Square Bennington Wilmington West Swanzey East Glenville Brattleboro 4 Colonie Center Scotia West Brattleboro Mariaville Lake Troy Niskayuna J 5 Crossgates Mall Waterford Jacksonville Winchester Rotterdam Hinsdale 6 EsperanceDuanesburg Readsboro Green Island Delanson 7 Enfield Square Colonie Watervliet Central Bridge Altamont 44 Poestenkill Williamstown 8 Westmere5 512 Albany Wynantskill North Adams Winch Schoharie 9 Holyoke Mall At Ingleside Voorheesville 12 West Sand Lake Rensselaer Averill Park 10 Mall Hampton Manor Adams Shelburne Falls Baldwin Middleburgh East Greenbush Turners Falls Orange Athol 11 The Shoppes at Farmington Valley Millers Falls Cheshire 12 Stuyvesant Plaza East Nassau Castleton-on-Hudson Nassau 2 Ravena 2 Petersham

Preston-Potter Hollow Niverville Barre Greenville Valatie North Amherst Kinderhook Amherst Center Chatham Coxsackie Lenox 8 Northampton South Amherst rattsville Ghent Windham Lee Cairo Stottville 1 Chester Easthampton Town North Brook Lorenz Park Granby Belchertown Ware Leeds Philmont Housatonic Huntington Holyoke Hunter Claverack-Red Mills Catskill Russell Chicopee Tannersville Great Barrington Palmer Town Palenville Blandford 99 Germantown Copake Lake 6Wilbraham6 l Fiskdale Sturbr Malden-on-Hudson 15 MILES Monson Center Phoenicia Saugerties South Agawam Town Woodstock Longmeadow Holland Glasco Canaan West HurleyZena North Granby Thompsonville Lake Katrine Red Hook Norfolk 7 Somers Shokan Pine Plains Lakeville 10 10 Falls Village Salmon Brook East Kingston Millerton Southwood Acres Rhinebeck Winsted Crystal Lake Hillside 30 MILES Hurley Broad Brook Port Ewen Sharon New Hartford Center Rosendale Hamlet Rockville Staatsburg Weatogue Stone Ridge Amenia Rifton Torrington Canton Valley High Falls 1111 Blue Hills Accord Salt Point Millbrook Collinsville Storrs Kerhonkson Hyde Park Northwest Harwinton West Hartford Manchester Hartford South Coventry 3 Napanoch New Paltz 3 East Hartford Pleasant Valley45 MILESDover Plains Highland Fairview Bantam Newington Glastonbury Center Clintondale Willimantic Ellenville Poughkeepsie Terryville New Britain Gardiner Freedom Plains New Preston Bristol South Windham Cragsmoor SpackenkillTitusville Thomaston Watchtower Crown Heights Bethlehem Village Kensington Terramuggus Valley Plattekill Hillside Lake Pine Bush Wallkill Baltic Wappingers Falls Watertown Lake Pocotopaug New Milford Hopewell Junction East Hampton Colchester Walden Pawling Waterbury ngburg Middletown Norwich Merritt Park Woodbury Center Meriden Montgomery Balmville OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Berkshire Mall 670,000 sf JCPenney, Sears 17 miles / 31 minutes Lanesborough, MA

Holyoke Mall at Ingleside 1,600,000 sf JCPenney, Macy’s, Sears, Target 38 miles / 39 minutes Holyoke, MA

The Shoppes at Farmington Valley Barnes & Noble, Dick’s Sporting Goods, 425,000 sf 44 miles / 67 minutes Canton, CT Kohl’s

Avon Marketplace 79,000 sf Gap, Victoria’s Secret 46 miles / 70 minutes Avon, CT

Hampshire Mall , Dick’s Sporting Goods, 435,000 sf 54 miles / 58 minutes Hadley, MA JCPenney, Target

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Clinton Crossing Premium Outlets® Saks Fifth Avenue OFF 5TH, Nike, 276,000 sf 105 miles / 2 hours Clinton, CT Polo Ralph Lauren 60 Columbia Road Building B 3rd Floor Morristown, NJ 07960 (973) 228-6111 premiumoutlets.com

Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).