Simon Property Group to acquire University Village retail center in Seattle

Simon Property Group announced that its subsidiary will acquire University Village, a prominent open-air retail center in Seattle known for its mix of local boutiques and national brands. The center, near the University of Washington, spans nearly 600,000 square feet and includes over 100 businesses such as Apple and Lululemon. This acquisition aligns with Simon's strategy to own high-quality retail assets in strong markets and is expected to close in Q4 2026. The current owners expressed gratitude to the community and partners who contributed to the center's success over nearly 70 years.

Simon Property Group shares are trading at USD 217.54 with a 0.84% increase as of Oct 30, 2026, 19:02 WIB on Pluang. The stock's market capitalization stands at $69.80 billion, reflecting its significant presence in the real estate sector. Despite the positive price movement, Pluang order activity shows 100% sell orders at this time.