CYPRESS,

PROPERTY OVERVIEW

HOUSTON PREMIUM OUTLETS® CYPRESS, TX

MAJOR METROPOLITAN AREAS SELECT TENANTS

Tollway completed to I-45 : 30 miles Saks Fifth Avenue OFF 5TH, Ann Taylor Factory Store, Armani, Banana 290 Fairfield Place Austin: 130 miles Republic Factory Store, Burberry, Calvin Klein Company Store, Coach, Mason Rd. : 200 miles Cole Haan Outlet, David Yurman, DKNY Company Store, Elie Tahari 45 59

New Orleans, LA: 375 miles Outlet, Elizabeth Arden, Escada, Forever 21, kate spade , 99 290 610 Kenneth Cole Company Store, LACOSTE Outlet, Michael Kors Outlet, RETAIL NikeFactoryStore, Robert Graham, St. John, TAG Heuer, Talbots, Theory, 10 Tory Burch, True Religion, and many more exciting retailers. 10 Houston San Antonio GLA (sq. ft.) 542,000; 148 stores 610 Pasadena TOURISM / TRAFFIC 45 OPENING DATE Houston is the 4th largest city in the U.S. and the most populous city HOUSTON Opened March 2008 in Texas. With a population of over 5.7 million in the trade area and 6.3 PREMIUM OUTLETS Expanded 2010 million in the metro area, it ranks 5th in the U.S. Houston, known for its CYPRESS, TX oil and gas industries, also has the 2nd highest number of Fortune 500 companies after New York City. Houston’s is the PARKING RATIO largest medical center in the world with over 4.8 million patient visits 5.22:1 annually. Three airports form the 6th largest airport network in the world serving 52+ million passengers annually. Houston is home to The (NFL), The (MLB), and The (NBA). RADIUS POPULATION

15 miles: 879,276 LOCATION / DIRECTIONS 30 miles: 3,925,291 45 miles: 5,737,029 US 290 at Fairfield Place Road, Cypress, Texas.

— From /Woodlands and Northwest Houston/Kingwood: AVERAGE HH INCOME Take 99 tollway to US 290, exit Cypresswood Drive, left on 3 miles: $117,854 Cypresswood Drive 5 miles: $113,963 10 miles: $102,404 — From San Antonio/Katy (via 99N): 99N to US 290, 30 miles: $89,905 exit Mason Road

— From Austin: I-35N to US 290E, exit Mason Road

— From Beaumont/: I-10W to 610N to US 290W

Information accurate as of 5/1/16. Source: SPG Research; trade area demographic information per STI: PopStats (2015). MASTER PLAN

REDEVELOPMENT KEY Proposed New Outlots Proposed Parking Deck Cypresswood Dr. Existing Anchors & Retail Faireld Place Dr. Place Faireld

Faireld Falls Dr.

N

US 290 AERIAL OVERVIEW

Cypresswood Dr.

HOUSTON PREMIUM OUTLETS

Fair eld Place Fair eld Falls Way

US 290 / Northwest Fwy.

H NORT SURROUNDING AREA CENTERS

C I O Simon Centers Competition I S C R 1 Houston Premium Outlets® G C S C 2 3 C N

4 Mall S A S T 5 6 45 MILES N 7 Highland Village Shopping Center N C 8 S 13 C S 9 La Centerra at Cinco Ranch C 30 MILES 10 Market Street at The Woodlands C T 11 S G 12 S 13 Outlets at Conroe 15 MILES R O R2120 N 14 C 10 D S T T 15 River Oaks Shopping Center

16 Tanger Outlets―Galveston/Houston R T S I 17 Town & Country Village A D 18 The 3 A 1 I 19 2019 20 Willowbrook Mall 6 A C O R 21 S C S 12 C C S 8 11 C A C C R 1716 15 G U 7 C 9 1918 S5 C G 18 D S C O S G 2 S O S E C N T4 S 14 E G C S E R C T C C A S T S D16 I C A N S R T I D I G D E C OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Willowbrook Mall Dillard’s, JCPenney, Macy’s, 1,511,000 sf 15 miles / 22 minutes Houston, TX Rack, H&M

Memorial City Mall 1,700,000 sf Dillard’s, JCPenney, Macy’s, Target 25 miles / 30 minutes Houston, TX

The Galleria® , Nordstrom, 2,000,000 sf 27 miles / 40 minutes Houston, TX Saks Fifth Avenue, Macy’s

First Colony Mall 1,005,000 sf Dillard’s, Macy’s, JCPenney 37 miles / 40 minutes Houston, TX

The Woodlands Mall Dillard’s, JCPenney, Macy’s, 1,166,000 sf 43 miles / 45 minutes Houston, TX Nordstrom

Pearland Town Center Barnes & Noble, Dillard’s, Macy’s, 718,000 sf 45 miles / 50 minutes Houston, TX Sports Authority

Baybrook Mall Dillard’s, Macy’s, , JCPenney, 1,240,000 sf 59 miles / 1 hour Houston, TX Forever 21, Zara

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Katy Mills® Neiman Marcus Last Call, 1,790,000 sf 17 miles / 20 minutes Katy, TX Saks Fifth Avenue OFF 5TH

Outlets at Conroe 280,000 sf Nike Clearance 57 miles / 1 hour Conroe, TX

Tanger Outlets - Galveston/Houston 353,000 sf Coach, Calvin Klein, Nike, Old Navy 75 miles / 1 hour 18 minutes Texas City, TX 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 (, NYSE:SPG).