THE MILLS AT JERSEY GARDENS CONTENTS The Simon Experience Property Overview Market Overview Trade Area Trade Area Map Location and Access Aerial View Site Plan Merchandising Mix at a Glance Simon Marketing Property Contacts Information accurate as of 12/1/15. Sources: SPG Research; trade area demographic information per Pitney Bowes MapInfo (2014). 1 2 3 4 5 6 7 8 9 11 13 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 The Mills at Jersey Gardens is New Jersey’s largest value, retail and entertainment shopping center all under one roof and offers the best names in stores and restaurants. — Features over 200 stores including Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH, Century 21 Department Store, Coach Outlet, Tommy Hilfiger, Victoria’s Secret, NikeFactoryStore, Under Armour Factory House, and Michael Kors. — Shoppers enjoy tax-free shopping on clothes and shoes. — The center offers daily transportation from both the Port Authority Bus Terminal and Newark Liberty International Airport. 2 MARKET OVERVIEW The Mills at Jersey Gardens serves the Elizabeth, New Jersey market, which is the county seat of New Jersey and is located within the New York City metropolitan area. — Located in the heart of the northwest corridor, one of the most populated areas in the nation, the property serves a trade area of over 1.4 million shoppers. — The city of Newark is just minutes away from the property. — Within 10 miles of the property are seven colleges with approximately 20,000 full- and part-time students. — The Mills at Jersey Gardens is an active participant in the local community through the Urban Enterprise Zone program, which has helped to cut local unemployment by half. — The top employers in nearby Newark include the Newark Liberty International Airport, Verizon, Prudential, PSE&G and Horizon Blue Cross Blue Shield. 3 TRADE AREA The Mills at Jersey Gardens is the top value-retail destination for shoppers in metropolitan New York City and New Jersey. — The trade area is located in Union County, one of the most populated areas in the nation. — 36% of the customer base is from tourism. — International customers account for 25% to 30% of sales. 2014 2019 Trade Area Population 18,138,081 18,899,145 Total Daytime Population 19,731,698 Trade Area Households 6,585,621 6,881,114 Average Annual HH Income $89,951 $96,400 4 TRADE AREA Pine Ridge nes Mount Pocono rald Lakes Crandon Lakes Saw Creek Ross Corner Ringwood CENTER INFORMATION Franklin Ogdensburg Simon Centers Penn Estates Competition Kaser Suffern 30 MILE Airmont Chestnut Ridge Ramsey Newton Bloomingdale Oakland Allendale Armonk Bardonia Montvale nsburg Eagleville Spring House Warminster Heights Ambler FortWashington Br yn Ath yn Village Shires White Horse Langhorne Feasterville Penndel Hulmeville Levittown Tullytown Groveville Bordentown Fieldsboro Farmingdale 6 6 Park Ridge 87 Spring Lake Heights Elmsford Cos Cob Piermont White Plains Hartsdale Greenville Northvale Avon-By-the-Sea Lake Como Vista Center Stamford Valhalla Grand View-on-Hudson Franklin Lakes Hillsdale East Stroudsburg 1. The Mills at Jersey Gardens Norwood Midland Park Riverdale Neiman Marcus Last Call, Lord & Taylor OutletMarksboro Westwood Kinnelon Stroudsburg Andover Ridgewood Delaware Water Gap 5TH, Century 21 Closter Store, Saks Fifth Avenue OFF Johnsonburg Lake Telemark Glen Rock 15 Hainesburg Hopatcong 15 Demarest Department Store, Cohoes, Burlington, Gap, ort Oradell Cresskill Byram Center Prospect Park Bed Bath & Beyond, Marshalls River Edge rodheadsville Mount Hermon White Meadow Lake Lincoln Park Allamuchy 80 2. Americana Manhasset Portland 21 14 21 9W Tenafly Paterson Stanhope Hope Panther Valley 1418 18 Boonton Totowa Maywood 3. Brunswick Square Wharton Rockaway Saylorsburg Netcong Delaware 22 Singac 22 Macy’s, JCPenney Englewood Cliffs Garfield Great Meadows Roseto Victory Gardens Clifton Bogota Kenvil Budd Lake 46 4. Cross Country Shopping Center Mountain Lake North Caldwell Hackettstown Wallington Succasunna Wind Gap Macy's, Sears Palisades Park Caldwell Bridgeville Morris Plains Ackermanville Brookdale 5. Hudson Mall Beattystown Essex Fells Rutherford Ridgefield 6. Jackson Premium Outlets Brookfield Glen Ridge Oxford Morristown 7. Jersey Shore Premium Outlets Guttenberg Port Murray Chester Long Valley 8. Kings Belfast Plaza Martins Creek Silver Lake 9 Florham Park 9 Mendham Port Colden East Orange Union City Macy’s, Sears Madison Chapman 287 Washington Stockertown East Newark Harmony 9. Livingston Mall Hoboken Nazareth Tatamy Chatham 11 11 Newark Lord & Taylor, Macy’s, Sears Broadway Bath 13 13 Califon 5 New Village 5 Peapack and Gladstone Jersey City Summit 10. The Mall at Bay Plaza Upper Stewartsville Asbury Glen Gardner New Providence Far Hills Macy’s, PalmerJCPenney Heights Greenwich 22Kenilworth 11. The MallWest at Short Hills Easton Bayonne High Bridge Roselle Park Elizabeth Bloomingdale’s, Marcus, Nordstrom, Glendon Neiman Alpha Bloomsbury 1 a Garwood Roselle Middletown 78 Macy’s, Saks Fifth Avenue Lebanon Fanwood Clinton Raubsville Freemansburg 12. Menlo Park Mall Linden North Plainfield White House Station Finesville Green Knoll Rahway Nordstrom, Macy’s 88 Fountain Hill Riegelsville 13. Newport Centre Middlesex Avenel Hellertown 19 19 Macy’s, JCPenney, Sears, Kohl’s Raritan South Plainfield Iselin Milford Bound Brook 14. The Outlets at Bergen Town Center 23 23 South Bound Brook Sewaren 12 Fords 12 Metuchen Neiman Marcus Last Call, Nordstrom Rack, DeSales University Society Hill Weston Saks Fifth Avenue OFF 5TH Frenchtown Perth Amboy Coopersburg Flemington 206 Millstone 15. Paramus Park Highland Park Macy's, Sears Clyde New Brunswick South Amboy Six Mile Run 16. Richlandtown Queens Center Belle Mead Sayreville Macy’s, JCPenney Harlingen Milltown Madison Park Franklin Park North Middletown 17. Shoppes at Old Bridge Keyport lford Square Skillman Ten Mile Run 3 Leonardo 18. The Shops at Riverside 3 Trumbauersville East Rocky Hill Stockton Blawenburg Bloomingdale's, Barnes & Noble, Pottery Barn Navesink Brownville Strathmore Spotswood Hopewell 19. Staten Island Mall Monmouth Junction Helmetta Morganville Dublin Sea Bright PerkasieJCPenney, Macy’s, Sears Fairview 17 New Hope 17 Rumson Jamesburg 20. Westchester's Ridge Hill Princeton Red Bank Silverdale Lincroft 95 Robertsville Rossmoor Monmouth Beach Lord & Taylor Plainsboro Center Pennington Telford 1 21. Westfield Garden State Plaza Oceanport Doylestown Souderton all Clearbrook Park Lawrenceville Neiman Marcus,NewNordstrom, Lord & Taylor, Britain Englishtown West Long Branch 9 Macy's, JCPenney Harleysville Hatfield nt East Freehold Tinton Falls Hightstown 22. Willowbrook Mall Freehold Newtown Grant Deal 130 Lord & Taylor, Bloomingdale’s, Macy’s, Sears Kulpsville Lansdale Yardley Allenhurst Mercerville West Freehold 23. Woodbridge Center Richboro Newtown Skippack 77 Roosevelt Robbinsville Lord North & Taylor, JCPenney, Sears Ocean Grove Wales Boscov’s, Macy’s, Ivyland Morrisville ew Hawthorne West Nyack Nyack Waldwick Lake Mohawk Thornwood Upper Nyack 20 20 Tuckahoe Bronxville 4 4 Pemberwick Riverside Byram Rye Mamaroneck Pelham Centre I s Pelham Manor 10 10 Locust Valley Oyster B a East Nor w Sands Point Baxter Estates Plandome 2 Saddle Rock Estates Russell Gardens 2 Old Brookville East Hills Herricks North New Hyde Park New Hyde Park 16 16 New York Sy o Greenvale South Floral Park Franklin Square North Valley Stream Jericho New Cassel Salisbury Uniondale North W North Merrick North Lynbrook South Valley Stream Hewlett Hewlett Neck S Freeport Baldwin Harbor Harbor Isle East Atlantic Beach Point Lookout N 0 7.5 miles B East Meadow 15 LOCATION & ACCESS The Mills at Jersey Gardens property is irreplaceable real estate located in the New York City metropolitan area. — The area is served by eight railway lines and many busy highways. — Newark Liberty International Airport is minutes away. — The center is a day trip from New York City, 30 minutes by train. 6 AERIAL VIEW I-95 VETERANS MEMO RIAL DR. Saks Fifth Avenue OFF 5TH Century 21 Department Store Lord & Taylor Outlet Store Neiman Marcus Last Call Group USA Clothing Co. EY RS E J . VD L B NS E RD GA Cohoes KAPKOWSKI RD. Burlington Modell’s Sporting Goods Old Navy Gap NikeFactoryStore Bed Bath & Beyond Forever 21 VF Outlet Tommy Hilfiger Marshalls Loews Theatre THE MILLS AT JERSEY GARDENS JERSEY G ARDENS BLVD. N SITE PLAN LEVEL II REDEVELOPMENT KEY LEVEL II COHOES Proposed New Anchors Proposed New Retail Proposed New Restaurants Proposed New Theater Location Proposed Century 21 Expansion Proposed New Parking Deck Existing Center FOREVER 21 MODELL’S SPORTING GOODS DECK II NEIMAN MARCUS LAST CALL NIKEFACTORYSTORE PROPOSED NEW LOCATION SERVICE SERVICE COURT COURT PARKING DECK SERVICE COURT COURT BURLINGTON 1800 MARSHALL’S Drop Off SERVICE SHOPS SHOPS COURT COURT STORAGE 30,000 sf DECK I 1,800+ SPACES SERVICE SERVICE SHOPS SHOPS SHOPS PROPOSED LOADING SHOPS GAP LEVEL II TOMMY HILFIGER PROPOSED LEVEL I EXPANDED CORRIDOR PATIO 750 sf SHOPS SAKS FIFTH AVENUE OFF 5TH SERVICE GROUP USA OLD NAVY CLOTHING CO. VF OUTLET 15 17 28 SERVICE COURT 7 11 16 18 20 20 21 20 LEVEL II 22 23 PARKING DECK 14 14 11 17 PATIO 821 sf DROP OFF COURT CENTURY 21 21 RESTAURANT COURT 6 17 RESTAURANT PATIO 750 sf SERVICE COURT 18 PATIO 750 sf SERVICE SERVICE 10 SERVICE COURT COURT 9 PATIO 679 sf SHOPS SERVICE 15 RESTAURANT PATIO 750 sf BED BATH & BEYOND 18 18 21 13 32 17 522 14 14 13 15 14 14 14 17 20 31 13 13 AMC THEATRES PROPOSED NEW LOCATION 34 34 35 34 LEVEL II N PROPOSED LEVEL II EXPANDED CORRIDOR PROPOSED DINING TERRACE LEVEL II EXPANSION 8 MERCHANDISING MIX AT A GLANCE Our unique retail mix is integral to the Simon experience. The Mills at Jersey Gardens is yet another example of our diverse portfolio with an enviable directory of the world’s top retailers. Major Retailers Saks Fifth Avenue OFF 5TH Neiman Marcus Last Call Specialty Retailers, Restaurants, and Entertainment Abercrombie & Fitch Outlet Banana Republic Factory Store Brooks Brothers Factory Store Calvin Klein Coach Factory Store Cole Haan The Disney Store Outlet Express Factory Outlet Forever 21 Gap Outlet GUESS Factory Store H&M Helly Hansen Hollister Co. Outlet Kenneth Cole Company Store Kipling The Lego Store Levi’s Outlet Store Michael Kors Nautica NikeFactoryStore Original Penguin Puma Samsonite Factory Outlet Swarovski Timberland Outlet Tommy Hilfiger True Religion Under Armour Factory House Uniqlo Victoria’s Secret Outlet 9 MERCHANDISING MIX AT A GLANCE SIMON MARKETING Fashion. Discovery. Community. These are the pillars of our brand and the guiding principles for everything we do at Simon. Every effort in our marketing program is designed to make the Simon brand experience exciting, relevant and cool in order to reinforce our position as the pre-eminent shopping center destination and build long-term brand loyalty with Millennials and Fashionistas. ADVERTISING Featuring high fashion photography and styling, Simon’s advertising campaign builds awareness and elevates perceptions among fashion-forward consumers and influencers. Advertising placements include market leading national and regional fashion/lifestyle magazines, out of home in over seventy markets, geo-targeted digital advertising and local radio. BRAND COLLABORATIONS Simon collaborates with highly respected fashion partners to launch fully integrated print, digital and live event programs around key shopping seasons including Spring, Back to School, Fall and Holiday. Partners include Vogue, Glamour, GQ, Teen Vogue, Harper’s Bazaar and Refinery 29. SIMON MARKETING DIGITAL ENGAGEMENT Simon’s new website and mobile website launched in May 2014 with a vibrant, dynamic new look and improved functionality. Our must-have apps also give shoppers the real-time information they need to maximize their shopping visits. — 595,700,002 Website page views — 120,818,183 Google+ local impressions — 1,317,729 YouTube views — 4.685,723 Facebook likes — 350,117 Twitter followers — 87,345 Instagram followers SIMON INNOVATION GROUP From reinventing the classic loyalty program to bringing the ubiquitous mall directory to life, Simon has collaborated with game-changing partners to innovate the shopping experience and further support our retailers. Initiatives include: Simon Rewards, BagFree Shopping, Interactive Directories and Bluetooth Beacons. DEDICATED RETAILER SUPPORT Our dedicated team of Retailer Marketing Specialists provide turnkey support for new store openings, relocations, retailer events, seasonal campaigns, and integration into Simon’s Marketing Programs. Multi-channel marketing efforts are custom designed to build brand awareness and drive store traffic for each retailer initiative. To learn more, visit: http://business.simon.com/retailer-marketing. 12 PROPERTY CONTACTS Leasing: Stacey Lewis (609) 365-8292 stacey.lewis@simon.com Big Box & Theatre Development: Scott Hopper (847) 263-2471 shopper@simon.com Mall Manager: Denise Palazzo (908) 662-6400 denise.palazzo@simon.com Director of Marketing & Business Development: Crystal Fresco (908) 662-6381 crystal.fresco@simon.com