# Simon Agrees to Acquire Seattle’s University Village

The announced transaction remains subject to closing conditions and is expected to finish in the fourth quarter.

By Will Langan | 24X7 News
Published: 2026-10-30T14:26:44.058Z
Updated: 2026-10-30T14:26:44.058Z
Section: Business
Format: News
Canonical: https://24x7news.us/articles/simon-university-village-acquisition-october-30-2026

A Simon subsidiary has agreed to acquire University Village, the open-air shopping and dining center near the University of Washington in Seattle, the companies announced October 30.

The transaction is expected to close in the fourth quarter of 2026, subject to customary closing conditions. The announcement describes a purchase agreement, rather than a completed transfer of ownership.

University Village has more than 100 businesses and services, combining local operators with national retailers. The center’s listed tenants include Apple, Crate & Barrel, Room & Board, Lululemon and Din Tai Fung.

Partner and general manager Susie Plummer said the property had expanded from approximately 300,000 square feet to nearly 600,000 square feet during the current owners’ stewardship.

Simon said the acquisition fits its focus on distinctive retail properties in strong markets. The announcement did not disclose a purchase price.

The release also did not provide a schedule of tenant changes or redevelopment associated with the agreement. Its stated next step is completion of the transaction after the closing conditions are satisfied.

Sources:
Company — October 30 Announcement: https://www.prnewswire.com/news-releases/university-village-agrees-to-be-acquired-by-simon-302924280.html

## Sources
- Company — October 30 Announcement: https://www.prnewswire.com/news-releases/university-village-agrees-to-be-acquired-by-simon-302924280.html