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Simon Buys Seattle's University Village
30 Oct
Summary
- Simon to acquire the open-air retail center in Seattle.
- University Village has served Seattle as a community hub since the 1950s.
- The acquisition is expected to finalize in the fourth quarter of 2026.
Simon Property Group has announced that a subsidiary has agreed to acquire University Village, a premier open-air retail center located in Seattle, Washington. This acquisition is set to close in the fourth quarter of 2026, pending customary closing conditions.
University Village has been a vibrant community gathering place since its opening in the 1950s. The center features over 100 businesses, including well-known national brands and local boutiques, as well as diverse dining options. It is regarded as a leading outdoor shopping destination.
Eli Simon, CEO of Simon Property Group, stated that the acquisition aligns with the company's strategy of owning high-quality assets in strong markets. The current owners expressed gratitude to partners, employees, and the community for their contributions over the nearly 70-year history of University Village.
