GROVE CITY 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

Canada Buffalo GROVE CITY PREMIUM OUTLETS® GROVE CITY, PA

ErieGROVE CITYNY

Lake Erie PREMIUM OUTLETS GROVE CITY, PA MAJOR METROPOLITAN AREAS SELECT TENANTS Cleveland 90 OH PA Youngstown, OH: 40 miles adidas, American Eagle Outfitters, Ann Taylor Factory Store, Banana 77 71 , PA: 55 miles Republic Factory Store, BCBGMAXAZRIA, BOSE, Brooks Brothers Youngstown 80 Cleveland, OH: 80 miles Factory Store, Calvin Klein Company Store, Coach, Gap Factory Store, 80 76 GUESS Factory Store, J.Crew Factory, Levi’s Outlet Store, LOFT Outlet, 208 NikeFactoryStore, The North Face, Polo Ralph Lauren Factory Store, Grove RETAIL City Under Armour Factory House, Vera Bradley 79 76 GLA (sq. ft.) 531,000; 130 stores TOURISM / TRAFFIC OPENING DATES 279 76 Located at the “Crossroads of America,” Grove City Premium Outlets Pittsburgh Opened 1994 is the area’s number one outlet shopping destination, drawing over six million visitors a year from the U.S. and Canada. Canadian shoppers have just over a three-hour drive to a tax-free outlet experience. A PARKING RATIO significant shopper population of eight million people resides within 6.4:1 a 100-mile radius, in Pittsburgh and Erie, PA; and Akron, Youngstown, and Cleveland, OH. RADIUS POPULATION MAJOR ATTRACTIONS 15 mile population: 117,852 30 mile population: 675,395 The Andy Warhol Museum, the collection of Carnegie Museums, 45 mile population: 1,602,231 Monongahela Incline Rivers Casino, The National Aviary, and many colleges and universities such as University of Pittsburgh, Carnegie Mellon, Youngstown State, Slippery Rock University, and Robert Morris AVERAGE HH INCOME University 30 mile average: $58,672 LOCATION / DIRECTIONS

I-79 just three miles south of I-80, Grove City, PA. The center has strong visibility on I-79 and traffic of over 33,000 vehicles passing daily. — From Pittsburgh: Take I-279N, merge onto I-79N, Exit 113 for PA-208 toward Springfield Township — From Cleveland: Take I-680N, merge onto OH-711E toward I-80/New York/Girard, I-80E, I-79S toward Pittsburgh, Exit 113 for PA-208 toward Springfield Township

Information accurate as of 12/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). SITE AND PLAN

OUTLETS DR.

I-79

I-79

NORT H

SR 208 / LEESBURG GROVE CITY RD. SR 208 / LEESBURG GROVE CITY RD. CITY GROVE LEESBURG / 208 SR

I-79 SURROUNDING AREA CENTERS

Conneaut North Kingsville Elgin Cranesville Union City Edgewood Edinboro Mill Village North Warren Geneva-on-the-Lake Youngsville Warren North Madison Canadohta Lake Spartansburg Starbrick SURROUNDING AREA CENTERS North Perry Springboro Cambridge Springs Geneva Lincolnville Clarendon Simon Centers Perry Madison Austinburg Venango Riceville rbor Conneautville Competition rand River Woodcock Centerville Lake Painesville Saegertown Mentor Harmonsburg Blooming Valley Townville Tidioute Rock Creek 1 Grove City Premium Outlets Linesville Meadville Hydetown d Hills Roaming Shores Conneaut Lakeshore Kerrtown Guys Mills 2 Titusville Andover Conneaut Lake nd Pleasantville 3 Clearview Mall Chardon Pymatuning Central 4 Eastwood Mall Aquilla Hartstown Orwell 5 Galleria At land Adamsville Cochranton Pymatuning South Atlantic Cooperstown Tionesta 6 Ross Park Mall Jamestown Hannasville Rouseville Marienville Burton Kinsman Center 45 MILES 7 Shenango Valley Mall Sheakleyville Hasson Heights ussell Utica Sugarcreek New Lebanon 8 Southern Park Mall Greenville Franklin Woodland Heights Vowinckel dge West Farmington Tylersburg 9 The Streets of Cranberry Seneca Leeper Crown Reynolds Heights Polk 30 MILES Sandy Lake Cortland Orangeville Fredonia Stoneboro a Hiram Champion Heights Lake Latonka 15 MILES Mantua Garrettsville Clark Kennerdell Morgandale Yankee Lake Jackson Center Knox Shippenville oro Windham Leavittsburg Vienna Center West Hill 7 Mercer Marianne Bolindale4 Masury Wheatland Barkeyville Knolls Newton Falls 4 Clintonville Strattanville McKinley Heights West Middlesex Ravenna South Canal Cherry Valley Emlenton Corsica y Lake Hilltop Grove City Lordstown Hubbard St Petersburg Brookville Youngstown Harrisville Eau Claire ent Maplewood Park 1 Foxburg Callensburg Craig Beach Volant Summerville New Wilmington eld Austintown Parker Sligo Campbell Frizzleburg Slippery Rock University Bruin Poland Lowellville New Castle Northwest Rimersburg Atwater Worthville 8 Fairview Hawthorn 8Boardman Oakwood West Liberty West Sunbury New Castle South Bethlehem Limaville East Brady South New Castle Lake Arthur Estates Karns City ille New Middletown Timblin Chicora Unionville Punxs Beloit S.N.P.J. West Pittsburg Portersville Alliance Shanor-Northvue Templeton Damascus Salem Columbiana Prospect Wampum 3 Dayton Leetonia 3East Butler Ellport Smicksburg Enon Valley Meridian New Waterford Ellwood City Louisville Meadowood Worthington Homeworth East Palestine Homewood West Kittanning Connoquenessing Applewold Darlington Harmony Rural Valley ast Canton Rogers Negley Nixon Manorville Plumville Robertsville Lisbon Lake Tomahawk Eastvale Evans City Marion Cente Hanoverton Saxonburg Minerva Atwood East Rochester Patterson Heights Callery Dicksonville Bridgewater Mars Malvern Fox9 Run Elderton sburg Calcutta Ohioville Freedom 9 Freeport Creekside Summitville Beaver2 Valencia Lake Mohawk Glenmoor 2 Conway Bakerstown Ernest Clyme East Liverpool Shelocta agnolia La Croft Baden Curtisville Chevy Chase Heights Bradford Woods Hyde Park Shippingport Aliquippa Gibsonia Russellton Indiana Salineville Brackenridge ity Wellsville Hookstown Ambridge East Vandergrift Carrollton Arnold Irondale Bell Acres Allison Park 5 Oklahoma Apollo Jacksonville Lucerne Mines Dellroy Harwick Stratton Sewickley Heights Glenshaw6 Homer City Bergholz Carnot-Moon Oakmont Springdale Avonmore odsville Empire Ben Avon Heights Graceton Plum Clinton Ben Avon Aspinwall Saltsburg ll Frankfort Springs Black Lick Amsterdam McKees Rocks Slickville Leesville Toronto Enlow Murrysville Armagh Richmond Churchill Bowerston Weirton Pennsbury Village Blairsville Paris Chalfant Export Seward Scio ison Pottery Addition OakdaleHeidelberg New Alexandria Bolivar Burgettstown Jewett Wintersville McDonald Brentwood Slovan Bridgeville HiCit Crabtree OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Shenango Valley Mall 509,000 sf JCPenney, Macy’s, Sears 16.4 miles / 20 minutes Hermitage, PA

Clearview Mall Boscov’s, JCPenney, Sears 760,000 sf 21.4 miles / 25 minutes Butler, PA T.J. Maxx

Southern Park Mall 1,205,000 sf Dillard’s, Macy’s, JCPenney, Sears 27.4 miles / 30 minutes Youngstown, OH

The Streets of Cranberry 110,000 sf Chico’s, Talbots 30.8 miles / 35 minutes Cranberry, PA

Eastwood Mall Dillard’s, JCPenney, Macy’s, Sears, 1,453,000 sf 31.3 miles / 30 minutes Niles, OH Target

Ross Park Mall 1,246,000 sf , Macy’s, JCPenney, Sears 48 miles / 50 minutes Pittsburgh, PA

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

Tanger Outlets - Washington 371,000 sf 71 miles / 1 hour 15 minutes Washington, PA

Aurora Farms Premium Outlets® 285,000 sf Saks Fifth Avenue OFF 5TH 79 miles / 1 hour 24 minutes Aurora Farms, OH 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).