NORTH BEND PREMIUM OUTLETS®

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:

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

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENTActive 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.

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:

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

QUALITY Iconic, irreplaceable properties in great locations

INVESTMENTActive 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.

THE SIMON EXPERIENCE — WHERE BRANDS & COMMUNITIES COME TOGETHER

PROPERTY OVERVIEW

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

NORTH BEND PREMIUM OUTLETS®

NORTH BEND, WA

MAJOR METROPOLITAN AREA

Seattle: 31 miles west

RETAIL

GLA (sq. ft.) 224,000; 50 stores

OPENING DATES

Opened 1990Expanded 1995

PARKING RATIO

5.6:1

RADIUS POPULATION

15 mile population: 179,759 30 mile population: 2,116,730 45 mile population: 3,731,806

AVERAGE HH INCOME

30 mile average: $92,059

SELECT TENANTS

Banana Republic Factory Store, Carter’s Outlet, Coach Factory Store, Cutter & Buck, Eddie Bauer Outlet, G.H. Bass & Co., Gap Factory Store, Jockey, NikeFactoryStore, OshKosh Outlet, Reebok Outlet, Under Armour Factory House, VF Outlet, Volcom, Zumiez

TOURISM / TRAFFIC

The center is located in a region with economic diversity and stability. Microsoft and other high-tech industries are the economic drivers of one of the fastest growing regions in the United States. Within a 60-mile radius of the center the population count is 3.5 million, with 50% earning $50,000 or more.

LOCATION / DIRECTIONS

461 South Fork Avenue SW, North Bend, WA 98045

— East or West on I-90: Take Exit 31, North Bend Premium Outlets is located at the exit interchange, on the north side of the highway.

202

203

169

SeattleSeattle

18

90

405

5

90

North BendRenton

Bellevue

Tacoma

Exit 31

NORTH BEND PREMIUM OUTLETSNORTH BEND, WA

N

SR 20

2 / N

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D BLVD. N

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I-90

S. FORK AVE. S

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W. RIBARY WAYI-90

To Seattle

S.W. MT. SI BLVD.

NORTH

SITE AND PLAN

I-90 TO SEATTLE

SR

20

2 /

N.

BEN

D B

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. N

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SURROUNDING AREA CENTERS

Tacoma

Nisqually IndianCommunity

Shoreline

Lake Tapps

Federal Way

Buckley

Elbe

Beaux Arts Village

Index

Raft Island

Hunts Point

Skykomish

Ruston

Carbonado

South Prairie

South Cle Elum

Ketron Island

Wilkeson

Herron Island Milton

Bucoda

North Sultan

Wilderness Rim

Dash Point

May Creek

Gorst

Keyport

Northwest Stanwood

Rocky Point

Hat Island

Nile

Ronald

Navy Yard City

Langley

Clyde Hill

North Puyallup

Meadowdale

Cas

McKenna

Baring

Riverton

Carnation

Thorp

Coupeville

Leavenworth

Redmond

North Marysville

Lake Marcel-Stillwater

Tanglewilde

Tenino

Silvana

Greenwater

Fircrest

Cavalero

Boulevard Park

Darrington

McMillin

Ames Lake

Rainier

Sunday Lake

Eatonville

Allyn

Klahanie

Alderwood Manor

Steilacoom

Stansberry Lake

Lake Ketchum

Brier

Ashford

Lofall

Granite Falls

Kingston

Chico

ter

Kingsgate

Monroe North

Duvall

Machias

Parkwood

Orting

Tracyton

Oso

Snoqualmie Pass

Fall City

North Bend

Midland

SultanPicnic Point

Easton

Vaughn

Bethel

Alder

Lakeland North

North Yelm

Southworth

Lake Bosworth

Snohomish

Lake Forest Park

ClintonBunk Foss

Cle Elum

Cathcart

Freeland

rds Prairie

Startup

nd Mound

Tanner

Enumclaw

Warm Beach

Maple Heights-Lake Desire

La Grande

Newcastle

Seabeck

Roslyn

Lake Roesiger

Ravensdale

Clearview

Mill Creek

Rosedale

Burley

Fairwood

Port Gamble TribalComunity

Blyn

Eastmont

Kapowsin

Summit

Poulsbo

Shadow Lake

Indianola

Alderton

Everett

Manchester

Woodinville

McChord AFB

Yelm

Fife

DuPont

Wollochet

Covington

Monroe

Canyon Creek

Kenmore

Home

Marrowstone

Snoqualmie

Des Moines

Fox Island

Black Diamond

Normandy Park

Ellensburg

High Bridge

Swede Heaven

Crocker

Belfair

Sumner

Elk Plain

Suquamish

Grapeview

Port Hadlock-Irondale

South Creek

Inglewood-Finn Hill

Waller

East Hill-Meridian

Arlington Heights

Lake Holm

Clear Lake

Arlington

Spanaway

Quilcene

Mukilteo

Port Townsend

Tukwila

Brinnon

Fort Lewis

SeaTac

Mirrormont

Chain Lake

Lake Cassidy

Verlot

Kirkland

Bangor Base

Issaquah

Sisco Heights

Mercer Island

Silverdale

Artondale

Port Ludlow Woods Creek

Tumwater

Sammamish

Hobart

Olympia

Longbranch

Marysville

Union Hill-Novelty Hill

Auburn

Hansville

Kent

Graham

Bainbridge Island

Vashon

Seattle

9

16

2

5

6

7

8

11

12

15

3

4

14

17

18

19

13

10

8

16

15

410

6

18

7

2

129

1719 11 3 14

5

13

1

15 MILES

30 MILES

45 MILES

1 North Bend Premium Outlets2 Alderwood Mall3 The Bellevue Collection4 The Commons at Federal Way5 Everett Mall6 Kent Station7 Kitsap Mall8 Lakewood Towne Center9 Northgate Mall10 The Outlet Collection11 Pacific Place12 Redmond Town Center13 Seattle Premium Outlets14 The Shops at The Bravern15 South Hill Mall16 Tacoma Mall17 University Village18 Westfield Southcenter19 Westlake Center

Simon CentersCompetition

SURROUNDING AREA CENTERS

OTHER RETAIL

SHOPPING CENTERS GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

The Bellevue Collection Bellevue, WA 1,300,000 sf JCPenney, Macy’s, Nordstrom 25 miles / 30 minutes

Redmond Town Center Redmond, WA 674,000 sf Macy’s 25 miles / 35 minutes

Westfield Southcenter Seattle, WA 1,700,000 sf JCPenney, Macy’s, Nordstrom, Sears 30 miles / 30 minutes

Northgate Mall Seattle, WA 1,048,000 sf Nordstrom, Nordstrom Rack, Macy’s,

JCPenney 30 miles / 30 minutes

The Commons at Federal Way Federal Way, WA 736,000 sf Macy’s, Sears, Target 35 miles / 45 minutes

South Hill Mall Puyallup, WA 1,035,000 sf JCPenney, Macy’s, Sears, Target 40 miles / 55 minutes

Alderwood Mall Lynnwood, WA 1,051,000 sf JCPenney, Macy’s, Nordstrom, Sears 45 miles / 50 minutes

OUTLET SHOPPING GROSS LEASABLE AREA ANCHORS DISTANCE / DRIVE-TIME

The Outlet CollectionAuburn, WA 928,000 sf Sam’s Club, Nordstrom Rack, Sports

Authority, Marshalls, Bed Bath & Beyond 30 miles / 35 minutes

Seattle Premium Outlets® Tulalip, WA 555,000 sf 60 miles / 1 hour 8 minutes

Outlet Shoppes at Burlington Burlington, WA 175,000 sf 90 miles / 1 hour 35 minutes

Centralia Factory Outlets Centralia, WA 204,000 sf 90 miles / 1 hour 45 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).