Simon Property Group to Acquire Seattle's University Village Retail Center
Simon Property Group (SPG) has announced an agreement through a subsidiary to acquire University Village, a prominent open-air retail and dining destination located in Seattle, Washington. The property, situated near the University of Washington, encompasses nearly 600,000 square feet and hosts over 100 businesses, including major brands like Apple, Lululemon, and Crate & Barrel. The acquisition aligns with Simon's strategic focus on acquiring high-quality, distinctive assets in strong geographic markets. The transaction is expected to close in the fourth quarter of 2026, pending customary closing conditions. This move expands Simon's portfolio of premier mixed-use and shopping destinations.