WHITE PLAINS — NEW YORK

The Westchester is one of the nation’s premier shopping destinations. Located in the heart of New York’s affluent Westchester County, The Westchester is designed to deliver the ultimate luxury shopping experience. Featuring Neiman Marcus, Nordstrom and an enviable collection of the most notable brand names, the center presents a rare opportunity for retailers catering to an established wealthy clientele.

QUINTESSENTIALQUINTESSENTIAL LUXURY IN WESTCHESTER COUNTY

NEW ENTRANCE FAÇADE

REDEFINING AN ICON

A multimillion-dollar redevelopment is under way at The Westchester to further elevate the customer experience and enhance the luxury retail offerings to greater suit the discerning Westchester customer.

The renovation will be complete in 2016 and will include:

— Exterior upgrades to vehicular entrances, signage and sidewalks

— Interior enhancements, including new paint, tile, carpet, glass guardrails and lighting throughout the center

— Luxury hotel–style valet parking services and upgrades to parking garages, way-finding signage and lighting

— Renovation of parking garage elevator lobbies— Upgraded restroom amenities

The center’s fourth level will be entirely redeveloped in 2016 to create a world-class dining destination. The light-filled space will include a curated collection of notable casual dining options, a dining terrace, a children’s play area and an entertainment and technology lounge providing event space that will serve as a community gathering place.

REPRESENTATION OF PROPOSED INTERIOR REDEVELOPMENT

The world’s finest luxury brands have chosen The Westchester as their preferred location for this suburban New York market.

IN GOODIN GOODCOMPANY

Just 25 miles north of New York City, The Westchester benefits from a prime location in the heart of Westchester County and its remarkable affluence. At the junction of Westchester Avenue and Bloomingdale Road in White Plains, the center serves the most affluent trade area in the Simon® mall portfolio. The trade area includes all of Westchester County as well as the western portion of Fairfield County, Connecticut, which includes Greenwich, the Hedge Fund Capital of the United States.

Westchester County is the ninth most affluent county in the country, with a population of one million and an average household income of $142,481.

REPRESENTATION OF REDEVELOPED NORDSTROM WING

THE MOST THE MOST AFFLUENT AFFLUENT TRADE AREA IN THE PORTFOLIO

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1

Dobbs Ferry

Eastchester

Thornwood

Pleasantville

Hawthorne

Valhalla

Rye BrookHartsdale

Greenville

Mamaroneck

Scarsdale

Irvington

Ardsley

Elmsford

Greenwich

287

684

10 MILES

5 MILES

3 MILES

1 MILE

White Plains

THE WESTCHESTER

CONNECTICUT

NEW YORK

Radius Income Households% of TotalHouseholds

1-Mile

$100K–149K 2,361 15.6$150K–199K 1,287 8.5$200K+ 1,739 11.5

3-Mile

$100K–149K 6,907 17.7$150K–199K 4,374 11.2$200K+ 7,481 19.1

5-Mile

$100K–149K 13,103 17.3$150K–199K 8,697 11.5$200K+ 18,223 24.0

10-Mile

$100K–149K 47,607 16.8$150K–199K 26,714 9.4$200K+ 53,811 19.0

NOTABLENOTABLE NUMBERS

TOWN AVG HH INCOME DISTANCE

Hartsdale $125,769 2 miles

Scarsdale $174,992 2 miles

Elmsford $106,232 4 miles

Valhalla $120,723 4 miles

Greenville $155,624 5 miles

Rye Brook $139,321 5 miles

Eastchester $127,325 6 miles

Hawthorne $128,131 6 miles

Mamaroneck $115,818 6 miles

Ardsley $150,360 7 miles

Thornwood $131,748 7 miles

Irvington $140,684 8 miles

Dobbs Ferry $132,527 9 miles

Greenwich, CT $129,173 9 miles

Pleasantville $142,481 9 miles

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1

Dobbs Ferry

Eastchester

Thornwood

Pleasantville

Hawthorne

Valhalla

Rye BrookWhite Plains

Hartsdale

Greenville

Mamaroneck

Scarsdale

Irvington

Ardsley

Elmsford

Greenwich

287

684

THE WESTCHESTER

CONNECTICUTNEW YORK

WHITE PLAINS WHITE PLAINS AND BEYOND

Bedford Golf and Tennis ClubPound Ridge Golf ClubRockrimmon Country ClubMount Kisco Country ClubBrynwood Golf & Country ClubPleasantville Country ClubSleepy Hollow Country ClubTamarack Country ClubFairview Country ClubRound Hill ClubGreenwich Country ClubThe Golf Club of PurchaseBrae Burn Country ClubThe Blind Brook ClubCentury Country ClubOld Oaks Country ClubKnollwood Country Club

Metropolis Country ClubElmwood Country ClubArdsley Country ClubSunningdale Country ClubScarsdale Golf ClubWestchester Country ClubWestchester Hills Golf ClubLake Isle Country ClubWykagyl Country ClubBonnie Briar Country ClubSiwanoy Country ClubHampshire Country ClubPelham Country ClubV.I.P. Country ClubGreentree Country ClubWhippoorwill Club

A LIFESTYLE OF LUXURY

Some of the world’s most exclusive country clubs and golf resorts surround The Westchester.

The White Plains area has six million square feet of office space and more than 3,000 new residential units, including high-profile projects like the Trump Tower at City Center and The Residences at the Ritz-Carlton Westchester.

A substantial daytime population of more than 503,000 surrounds the center and approximately 250,000 office workers are within walking distance of the property.

Westchester County is home to numerous Fortune 500 companies and established corporations, including:

— IBM — PepsiCo Inc.— MasterCard International

Global Headquarters— ITT Corporation— Jarden Corporation— Universal American— White Plains Hospital— Heineken — ENT and Allergy Associates, LLP— The Jones Group, Inc.— UBS— Pitney Bowes Inc.— The Dannon Company

DAYTIME DAYTIME DESTINATION

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 preeminent shopping center destination and build long-term brand loyalty with Millennials and Fashionistas. Highlights of the campaign include:

— Extensive direct consumer, social media, seasonal and special event marketing

— Bespoke luxury retailer events, activities, client recognition programs and local and national media publication in luxury-specific formats

— Public relations and ongoing promotion of new development initiatives, new tenant openings, support for existing retailers, and Simon Rewards, all of which are benefiting from tremendous press coverage

BRAND BRAND COLLABORATIONS

About Simon Simon is a global leader in retail real estate ownership, management and development and an S&P 100 company (Simon Property Group, NYSE:SPG).

The Westchester presents a unique opportunity for your brand. Please contact the following Simon leasing professional for more information:

Meghann MartindaleSenior Leasing Representative(212) 745-9611 meghann.martindale@simon.com