Simon Property Group to Acquire University Village Shopping Center in Seattle

Simon Property Group, a publicly traded real estate investment trust specializing in retail and mixed-use properties, has entered into a definitive agreement to acquire University Village, a nearly 600,000-square-foot open-air shopping center in Seattle, Washington.

The transaction, being completed through a Simon subsidiary, is expected to close in the fourth quarter of 2026, subject to customary closing conditions. Financial terms of the acquisition, including the purchase price, were not disclosed.