SAWGRASS MILLS THE COLONNADE OUTLETS AT SAWGRASS MILLS ® ® CONTENTS The Simon Experience Property Overview Market Overview Trade Area Trade Area Map Location and Access Aerial View Site Plan Master 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 3 4 5 6 7 8 9 10 11 13 15 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 Sawgrass Mills / The Colonnade Outlets at Sawgrass Mills , Florida’s largest outlet, value retail, and entertainment destination, provides the ultimate shopping experience. ® ® — Offers shoppers more than 370 stores plus great dining and entertainment options. — The Oasis provides an exciting array of entertainment venues, themed restaurants, and specialty retailers. — The Colonnade Outlets features an upscale collection of styledefining stores and elegant dining in an open-air promenade adjacent to Sawgrass Mills. 3 MARKET OVERVIEW Sawgrass Mills enjoys a prime location within the Miami/Fort Lauderdale market, one of the ten largest malls in the United States. — Sawgrass Mills is one of the most visited tourist destinations in the United States, particularly with South American tourists, with recognition world-wide. — The center is located only 15 miles from the Fort Lauderdale/ Hollywood International Airport and 30 miles from the Miami International Airport. — Sawgrass Mills is less than 50 miles from the affluent areas of Boca Raton, Miami Beach, Coral Gables, and West Palm Beach. — Sawgrass Mills is adjacent to the BB&T Center, the 16th largest venue in terms of total ticket sales in the United States, with more than 200 concerts and events each year. 4 TRADE AREA Sawgrass Mills has an expansive trade area that draws from a large portion of the Miami/Fort Lauderdale metro area. — The trade area covers all of Broward County, and stretches south along I-75, where it almost reaches to Tamiami Trail. — Sawgrass also pulls an extensive tourist component. A majority of shoppers come from outside of the metro area, with a significant number coming from foreign countries. 2014 2019 Trade Area Population 2,123,581 2,298,493 Total Daytime Population 2,228,961 Trade Area Households 772,964 831,864 Average Annual HH Income $71,578 $78,173 5 TRADE AREA Parkland Deerfield Beach Godfrey Road 10 Ramblewood East TRADE AREA Bonnie Lock-Woodsetter North Coconut Creek Coral Springs Collier Manor-Cresthaven 9 Trade Area = 60.0% of customers Margate Pompano Beach 814 15 MI 10 MI North Lauderdale BROWARD, FL Tamarac Terra Mar Broadview-Pompano Park Lauderdale-by-the-Sea 4 5 MI Oakland Park 95 Lauderdale Lakes 869 4 Rock Island Lazy Lake Sunrise 1 441Ken-Lark West 12 Plantation 6 Fort Lauderdale Boulevard Gardens Melrose Park 595 Weston Sea Ranch Lakes Pine Island Ridge Broadview Park 27 Davie Edgewater THE EVERGLADES TRADE AREA BOUNDARY Chambers Estates Dania Beach Cooper City 75Pembroke Pines Florida's Tpke. Country Estates Ivanhoe Estates 817 8 Hollywood A1A Carver Ranches Hallandale Lake Forest Miramar Lake Lucerne Country Club Andover Carol City 11 Golden Beach Ives Estates Aventura 2 Norland Sunny Isles Beach North Miami Beach Bunche Park Miami Lakes Golden Glades Opa-locka Westview Hialeah Gardens Medley 2.5 13 95 El Portal North Bay Village Gladeview N 0 Biscayne Park 3 Bal Harbour 3 Indian Creek PinewoodMiami Shores Hialeah MIAMI-DADE 1 Miami Springs 5 Doral Brownsville Miami Beach Virginia Gardens miles 5 Miami 7 Fountainbleau Fisher Island Tamiami University Park Coral Terrace CENTER INFORMATION SPG Centers Competition 1. Sawgrass Mills Neiman Marcus Last Call, Saks Fifth Avenue OFF 5TH, Nordstrom Rack, Bloomingdale’s The Outlet Store, SuperTarget, Bed Bath & Beyond, Burlington, Sports Authority, Gap Outlet, American Signature Home, T.J. Maxx, NikeFactoryStore, Ron Jon Surf Shop, Forever 21, BrandsMart USA, Rainforest Cafe, Old Navy Outlet, GameRoom, Regal Cinemas, Marshalls, Off Broadway Shoe Warehouse 2. Aventura Mall Bloomingdale's, Nordstrom, Macy's, Macy's Men’s & Home, JCPenney, Sears 3. Bal Harbour Shops Neiman Marcus, Saks Fifth Avenue 4. Coral Square Macy's (2), JCPenney, Sears, Kohl’s 5. Dolphin Mall Bass Pro Shops Outdoor World, Ross Dress for Less, Sam Ash 6. The Galleria at Ft. Lauderdale Neiman Marcus, Dillard's, Macy's 7. Miami International Mall Macy's The Women’s & Kid’s Store, Macy’s Men’s & Home, JCPenney, Sears, Kohl’s 8. Pembroke Lakes Mall Dillard's, Dillard’s Men’s & Home, Macy's, Macy’s Men’s & Home, JCPenney, Sears 9. Pompano Citi Centre Macy's, JCPenney, Sears, Lowe’s 10. The Promenade at Coconut Creek DSW, Ann Taylor Loft, New York & Company, Talbots, White House|Black Market, Chico’s, Jos. A. Bank Clothiers, Banana Republic 11. The Village at Gulfstream Park Crate & Barrel, West Elm, Pottery Barn, The Container Store, Williams-Sonoma, Z Gallerie 12. Westfield Broward Dillard's, Macy's, JCPenney, Sears 13. Westland Mall Macy's, JCPenney, Sears LOCATION & ACCESS Sawgrass Mills is located in Sunrise, Florida in Broward County. — The mall is at the northwest corner of Flamingo Road and West Sunrise Boulevard. — The average daily traffic count for Sunrise Boulevard is 37,000. — The center is conveniently accessible and visible from the Sawgrass Expressway, the major corridor running through northwest Miami/ Fort Lauderdale. — The average daily traffic count along the Sawgrass Expressway is 71,500. 7 AERIAL VIEW Y. PW X E SS GRA W BB&T / SA 69 8 Center R S RD. Calvin Klein Neiman Marcus Last Call Zinburger Wine & Burger Bar Grand Lux Cafe N O ING LAM N. F Regal Cinemas Ron Jon Surf Shop Johnny Rockets/ Nordstrom Rack GameRoom Off Broadway Shoe Warehouse Burlington Old Navy . VE SuperTarget California Pizza Kitchen BrandsMart USA th A 6 The Cheesecake Factory 13 W NikeFactoryStore N Urban Planet American Signature Home Saks Fifth Avenue OFF 5TH SAWGRASS MILLS Bloomingdale’s-The Outlet Store JCPenney VF Outlet T.J. Maxx Rainforest Cafe Sports Authority Bed Bath & Beyond Gap Outlet Marshalls Villagio Forever 21 Restaurant P.F. Chang’s THE COLONNADE OUTLETS AT SAWGRASS SR 838 / W. SUNRISE BLVD. SITE PLAN THE OASIS GAMEROOM / JOHNNY ROCKETS REGAL CINEMAS & IMAX MARSHALLS OLD NAVY CENTURY 21 SPORTS AUTHORITY CALIFORNIA PIZZA KITCHEN BLOOMINGDALE'S THE OUTLET STORE THE CHEESECAKE FACTORY PARKING DECK NORDSTROM RACK NIKEFACTORYSTORE NEIMAN MARCUS LAST CALL OFF BROADWAY SHOE WAREHOUSE SAKS FIFTH AVENUE OFF 5TH NEW PARKING DECK 4-LEVELS AMERICAN SIGNATURE HOME BURLINGTON SUPER TARGET GRAND LUX CAFE GAP OUTLET ZINBURGER WINE & BURGER BAR T.J. MAXX P.F. CHANG’S VILLAGIO RESTAURANT THE COLONNADE FOREVER 21 UNIQLO (PROPOSED) BED BATH & BEYOND (PROPOSED REMODEL) BRANDSMART USA MATCHBOX REDEVELOPMENT KEY Proposed Town Center Development Proposed Crescent at Colonnade Development Proposed Mills Mall Expansion Proposed New Restaurants/Fast Casual Proposed New Hotels Proposed New Parking Deck N DICK’S SPORTING GOODS (FUTURE) (PROPOSED) FUTURE PARKING DECK MALL EXPANSION SEASONS 52 THE CRESCENT AT COLONNADE (FUTURE) TOWN CENTER AT SAWGRASS 9 MASTER PLAN Sawgrass Mills A 130,000-square-foot expansion of the mall, anchored by a 60,000-square-foot Forever 21, is now open. Century 21 Department Store is scheduled to open October 2016. A new 350,000-square-foot expansion of Sawgrass Mills is in pre-development including new retail and restaurants to be completed in 2019. The Colonnade Outlets at Sawgrass Mills A 35,000-square-foot expansion of The Colonnade Outlets at Sawgrass Mills opened Spring 2013 adding new luxury designer outlets to the center including Gucci, Diane von Furstenberg, Roberto Cavalli, Versace, and Jimmy Choo, among others. A new 80,000-square-foot expansion opens Holiday 2015. A 1,700-car parking deck is planned for a 2016 opening. The Oasis The Oasis, Sawgrass Mills’ entertainment and retail destination, is bringing in new shops and restaurants including Old Navy Outlet, New Balance, Talbots, and California Pizza Kitchen. A complete renovation of The Oasis common areas and storefronts is scheduled to be completed by Holiday 2016. 10 MERCHANDISING MIX AT A GLANCE Our unique retail mix is integral to the Simon experience. Sawgrass Mills is yet another example of our diverse portfolio with an enviable directory of the world’s top retailers. Major Retailers Bloomingdale’s - The Outlet Store Neiman Marcus Last Call Nordstrom Rack Saks Fifth Avenue OFF 5TH Regal Cinemas Specialty Retailers, Restaurants, and Entertainment AllSaints Armani Outlet Banana Republic Factory Store Barneys New York Outlet Burberry Factory Outlet California Pizza Kitchen Calvin Klein Company Store The Cheesecake Factory Coach Factory Store Columbia Sportswear Outlet Diesel Escada Company Store Gucci HUGO BOSS Factory Store Jimmy Choo kate spade new york LACOSTE Outlet Michael Kors Outlet The North Face Polo Ralph Lauren Factory Store Prada Roberto Cavalli Salvatore Ferragamo Company Store TAG Heuer Tommy Hilfiger Tory Burch Tourneau Tumi UGG Australia Valentino Vera Bradley Versace ® 11 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. 14 PROPERTY CONTACTS Leasing: Lisa Snead (954) 846-2300 lsnead@simon.com Leasing The Colonnade: Rhonda Bandy (301) 968-6628 rbandy@simon.com Specialty Leasing: Christine Condon (954) 846-2300 ccondon@simon.com Big Box & Theatre Development: Scott Hopper (847) 263-2471 shopper@simon.com Vice President & General Manager: Luanne Lenberg (954) 846-2300 llenberg@simon.com Regional Director of Marketing: Joellyn Fellmeth (954) 846-2300 jfellmeth@simon.com