The company that owns Columbia Center mall in Kennewick is about to expand its portfolio with another notable retail property in the state. 

Simon Property Group recently announced its intent to purchase the University Village shopping center in Seattle, according to Washington Retail. Terms of the deal haven’t been disclosed by Simon said it intends to close on the purchase by the end of 2026. 

In announcing the planned acquisition, Simon CEO Eli Simon described University Village as an exceptional retail destination and said the company looks forward to building on its success for shoppers, retailers and the greater Seattle community. 

Located near the University of Washington, University Village encompasses nearly 600,000 square feet of retail and dining space. Originally built in 1956, the center has evolved over the years into a major shopping destination featuring a mix of national retailers, restaurants and local businesses. 

The sale marks the first time the property has changed hands in decades. Local business owner Stuart Sloan and his partner, Matt Griffin, acquired the property in the early 1990s. Sloan has remained its owner since then.