University Village Agrees To Be Acquired by Simon
Key Highlights
- ➤Simon agrees to acquire University Village, a Seattle open-air retail center.
- ➤University Village spans nearly 600,000 square feet and includes more than 100 businesses.
- ➤Transaction is expected to close in the fourth quarter of 2026.
- ➤Simon targets distinctive, high-quality assets in strong markets with the acquisition.
Expert Statements
Susie Plummer, Partner and General Manager, University Village
“More than thirty years ago, we set out to create more than a retail space—we envisioned Seattle's finest neighborhood gathering place, where local and regional small businesses could thrive alongside quality national brands and families could come together. Looking back, we are deeply grateful. The Village began as an approximately 300,000-square-foot property, but it was never just about bricks and mortar; it was built around a vision of delivering an exceptional customer experience. Today, it has grown to nearly 600,000 square feet”
Eli Simon, Chief Executive Officer, President, and Chief Operating Officer of Simon Property Group
“University Village is an exceptional retail destination, and we are pleased to welcome it to our portfolio”
Eli Simon, Chief Executive Officer, President, and Chief Operating Officer of Simon Property Group
“This acquisition underscores our focus on owning distinctive, high-quality assets in strong markets. We look forward to building on the center's success for shoppers, retailers, and the greater Seattle community.”
Susie Plummer, Partner and General Manager, University Village
“We want to thank everyone who has contributed to University Village's success, past and present, throughout its nearly 70-year history”
University Village Agrees To Be Acquired by Simon PR Newswire
INDIANAPOLIS, Oct. 30, 2026 /PRNewswire/ -- Simon (®), a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use destinations, today announced that a Simon subsidiary has entered into an agreement to acquire University Village, an open-air retail center in Seattle, Washington.
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