CLASS A RETAIL DEVELOPMENT ADJACENT TO THE KING OF PRUSSIA MALL

• The Pavilion at King of Prussia Mall is a 166,875 SF multi-story retail building comprised of strong national retail and restaurant tenants.
• The Pavilion sits directly adjacent to King of Prussia Mall (GSA: A++ Mall/Est. $1,096 sales PSF), complementing the Property with 375+ premier retailers, restaurants and service providers that drive foot traffic to the Property.

IN-PLACE CASH FLOW WITH VALUE-ADD OPPORTUNITY

• The Pavilion at King of Prussia Mall offers ownership in-place gross and net operating incomes of approximately $6.8M and $3.9M respectively, from a mix of strong national mall tenants.
• 83.4% leased with a WALT of ~4.6 years to a mix of national restaurants and retailers highlighted by Anthropologie, Ethan Allen and Old Navy
• The Property provides an attractive value-add opportunity to continue adding best-in-class retail concepts.

CORE ASSET

• King of Prussia Mall is a core asset for Simon as they continue to demonstrate their commitment to the asset by deploying capital to maintain it’s dominant position in the market.
• The Pavilion’s association with this dominant, quality asset bodes well for the long-term prospects of the Property.
• With continued proper guidance the Center has the unique ability to continue to operate as a successful retail establishment for the foreseeable future and enable the next owner to pursue strategic enhancements at their own pace.