Leesburg Corner Premium Outlets® the Simon Experience — Where Brands & Communities Come Together

LEESBURG CORNER PREMIUM OUTLETS® THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER

More than real estate, we are a company of experiences. For our guests, we provide distinctive shopping, dining and entertainment. For our retailers, we offer the unique opportunity to thrive in the best retail real estate in the best markets.

From new projects and redevelopments to acquisitions and mergers, we are continuously evaluating our portfolio to enhance the Simon experience - places where people choose to shop and retailers want to be.

We deliver:

SCALE Largest global owner of retail real estate including Malls, Simon Premium Outlets® and The Mills®

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENT Active portfolio management increases productivity and returns

GROWTH Core business and strategic acquisitions drive performance

EXPERIENCE Decades of expertise in development, ownership, and management That’s the advantage of leasing with Simon. PROPERTY OVERVIEW

LEESBURG CORNER PREMIUM OUTLETS® LEESBURG, VA LEESBURG CORNER PREMIUM OUTLETS LEESBURG, VA

15 7 Leesburg For tE MAJOR METROPOLITAN AREAS SELECT TENANTS vans

Gaithersburg Rd. White's 107 15

Ferry (Bypass)

Tysons Corner: 23 miles Saks Fifth Avenue OFF 5TH, adidas, Ann Taylor Factory Store, Armani u D S

15 y

270 l c

Frederick Exit 1B l Take 2nd right es o

l Exit 15N l

G i

28 n r

Washington, D.C.: 35 miles Outlet, Banana Republic Factory Store, Barneys New York Warehouse, ee 7 R

n d . Leesburg w Rockville 95 ayr Baltimore, MD: 75 miles Brooks Brothers Factory Store, Burberry, Calvin Klein Company Store, Baltimore Pot om acR Coach Factory Outlet, DKNY Company Store, Elie Tahari Outlet, HUGO D iver u ll es BOSS Factory Store, J.Crew Factory, Jones New York, kate spade new G RETAIL r ee york, LACOSTE Outlet, Michael Kors Outlet, Nautica, NikeFactoryStore, nw ay 7 GLA (sq. ft.) 518,000; 110 stores Polo Ralph Lauren Factory Store, Restoration Hardware Outlet, Theory, Dulles Airport 267 Arlington 50 Tommy Hilfiger Company Store, True Religion 28 Washington 15 DC OPENING DATES TOURISM / TRAFFIC Alexandria Opened 1998 495 Expanded 1999, 2000 Located in Loudoun County, which has the highest Median Household 66 95 Income in the United States. Fairfax County, which is next door, has the 2nd highest. PARKING RATIO

5.4:1 The average daily traffic on Rte. 7 is 46,000. The average daily count on the U.S. highway bypass south of Rte. 7 is 26,000; north of Rte. 7 is 8,500. RADIUS POPULATION

15 mile population: 556,586 LOCATION / DIRECTIONS 30 mile population: 3,333,598 45 mile population: 6,495,401 The intersection of Rte. 7 and Rte. 15 within a short distance from Washington, D.C. and Baltimore, Maryland. AVERAGE HH INCOME — From Washington, D.C. (Metro Area): I-495 to Rte. 267W (Dulles Toll 30 mile average: $119,145 Rd./Greenway), Exit 1B to Rte. 15N, follow signs leading to Fort Evans Rd. Exit (in far right lane)

Information accurate as of 5/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). SITE AND PLAN

SR 7 / E. MARKET ST.

POTOMAC STATION DR.

SR 773 / FT. EVANS RD.

US 15 / LEESBURG BY-PASS

NORT US 15 / LEESBURG BY-PASS

POTOMAC STATION DR. STATION POTOMAC SR 773 / FT. EVANS RD. SURROUNDING AREA CENTERS

McConnellsburg Biglerville Hampton Grantley Guilford Table Rock Yoe Rainsburg New Salem Abbottstown Jacobus McKnightstown New Oxford Marion Loganville Felton Needmore Mont Alto Orrtanna Mercersburg Gettysburg SURROUNDING AREA CENTERS Cross Roads Lake Heritage Midway Greencastle Pennville Glen Rock Simon Centers Railroad Waynesboro Carroll Valley Littlestown Stewartstown Competition State Line Rouzerville Fawn Gro Reid Ringgold Flintstone Hancock Cearfoss Emmitsburg Sabillasville P Grove Edgemont Pecktonville 1 Leesburg Corner Premium Outlets Taneytown Manchester Indian Springs Chewsville Charlton 2 Apple Blossom Mall Bath (Berkeley Springs) Big Pool 3034 Pondsville Thurmont Hampstead Funkstown1612 Jarrettsville 3 Arundel Mills Westminster Bagtown Union Bridge 31 p Falling Waters St James 27 4 Ballston Common Mall Oldtown Breathedsville New Windsor Paw Paw Woodsboro Fallston 5 Bowie Town Center een Spring Bakersville Myersville Mercersville 6 CityCenterDC Libertytown Cockeysville Pleas Martinsburg Eakles Mill Reisterstown 7 Dulles Town Center 23 Timonium Kings ld 1717 Rohrersville Frederick Shepherdstown Lutherville 8 Fair Oaks Mall Braddock Heights151111 Eldersburg Gapland Spring Ridge 1925Garrison Carney 9 Fashion Centre at Pentagon City 10Bartonsville White Mars Yarrowsburg 14 Mount Airy Sykesville Towson Pikesville 10 Francis Scott Key Mall Inwood Shenandoah Junction Monrovia Rossville Rosemont Buckeystown 11 Frederick Towne Mall 45 MILES Bolivar Bowle Ranson Adamstown Capon Bridge Middleway 212721 12 Hagerstown Premium Outlets Charles Town Lovettsville Ellicott City Catonsville Damascus Dundalk 13 Lakeforest Mall 30 MILES Clarksburg Baltimore Barnesville Edgemer 14 Landmark Mall Shannondale Laytonsville 2520 Ilchester Linthicum Shawneeland Columbia 15 Manassas Mall BrookevilleHighland Ferndale Winchester Germantown 2 15 MILES Jessup Riviera Beach 2 Berryville 1317 3 16 Market Common Clarendon Poolesville Washington Grove 3 Round Hill Hamilton 1 North Laurel Severn 17 Martinsburg Mall Leesburg 37 Derwood Spencerville Lake Shore 33 Laurel Gambrills Stephens City Boyce 35 Darnestown Rockville Layhill 18 Mazza Gallerie Wardensville Lansdowne Fairland 31 Glenmont Arden on the Severn University Center Travilah 19 Owings Mills Mall Cape St Cl Middletown Sugarland10 Run Garrett 3935Park Broadlands 7 38 Hillandale Crownsville 20 Pentagon Row Shenandoah Farms Potomac34 Strasburg Berwyn Heights Chevy Chase Naval Academy 21 Security Square Mall Middleburg Loudoun Valley Estates 5 Shenandoah Shores Glen Echo 1924New Carrollton McNair 1841247 Bowie 22 Springfield Town Center Toms Brook Arcola Wolf Trap North Brentwood Riva 29 56 Highland Bea Apple Mountain Lake 33 Cheverly Woodmore Bull Run Mountain Estates Franklin Farm Pimmit32 Hills 26 23 Tanger National Harbor Oakton 28 28 866Fairmount Heights Queen Anne Mayo Woodstock Arlington42216 Capitol Heights 24 The Mall at Prince Georges Chester Gap Greenbriar The Plains 11 44 2613 Brock Hall Fair Lakes128 Fairfax Bailey's Crossroads20 25 The Mall in Columbia Silver Hill Marlboro Village Galesville Long Branch Edinburg Upper Marlboro 26 The Shops at Georgetown Park Haymarket Alexandria1418 Forest99 Heights Gainesville36 Huntington30 Deale 32 Clifton Oxon Hill 27 TownMall of Westminster 29 23 Flint Hill 2115Buckhall 22 Marlton New Baltimore South Run Friendly 28 Tysons Corner Center t Jackson Manassas Friendship Crosspointe Woodlawn Washington Warrenton Fort Belvoir Dunkirk North Beach 29 Tysons Galleria Brandywine Nokesville Occoquan Chesapeake Beach 30 Valley Mall Luray Sperryville Accokeek Cedarville arket Catlett Woodbridge Calverton Independent Hill Marumsco 31 Village at Leesburg Opal Neabsco Bryans Road Huntingtown Indian Head Waldorf 32 Virginia Gateway Midland Aquasco Stanley Dumfries Pomfret Eagle Harbor 33 Washingtonian Center Triangle Bryantown Remington La Plata Prince Frederick 34 Westfield Montgomery Quantico Port Tobacco Village Benedict Quantico Base 35 Westfield Wheaton henandoah Golden Beach Calvert Beach Culpeper Aquia Harbour Mechanicsville Elkton Brightwood Broomes Island Madison Lusb OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Dulles Town Center JCPenney, Lord & Taylor, Macy’s, Nordstrom, Sterling, VA 1,400,000 sf Sears 10 miles / 15 minutes

Fair Oaks Mall Fairfax, VA 1,400,000 sf JCPenney, Lord & Taylor, Macy’s, Sears 23 miles / 30 minutes

Tysons Galleria McLean, VA 800,000 sf Macy’s, Neiman Marcus, Saks Fifth Avenue 23 miles / 40 minutes

Tysons Corner Center Bloomingdale’s, Lord & Taylor, Macy’s, McLean, VA 1,900,000 sf Nordstrom 23 miles / 40 minutes

Francis Scott Key Mall Frederick, MD 706,000 sf JCPenney, Macy’s, Sears, Value City 26 miles / 40 minutes

Manassas Mall Manassas, VA 825,000 sf JCPenney, Macy’s, Sears 32 miles / 45 minutes

Montgomery Mall® Bethesda, MD 1,251,000 sf Macy’s, Nordstrom, Sears 33 miles / 50 minutes

Ballston Common Mall Arlington, VA 489,000 sf Macy’s 35 miles / 45 minutes

Fashion Centre at Pentagon City Expansion Opening Spring 2016 990,000 sf Nordstrom, Macy’s 40 miles / 50 minutes Arlington, VA 50,000 sf

Landmark Mall Alexandria, VA 957,000 sf Macy’s, Sears 45 miles / 1 hour

Lakeforest Mall Gaithersburg, MD 1,116,000 sf JCPenney, Lord & Taylor, Macy’s, Sears 45 miles / 1 hour

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Hagerstown Premium Outlets® Hagerstown, MD 485,000 sf 47 miles / 54 minutes

Potomac Mills® Prince William, VA 1,526,000 sf Saks Fifth Avenue OFF 5TH 50 miles / 1 hour 10 minutes

Gettysburg Village Factory Stores Gettysburg, PA 260,000 sf 60 miles / 1 hour 15 minutes

Arundel Mills® Neiman Marcus Last Call, Hanover, MD 1,658,000 sf Saks Fifth Avenue OFF 5TH 70 miles / 1 hour 15 minutes 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).