Seattle’s University Village will soon have a new owner — but it’s too soon to say if many changes may be coming to the outdoor shopping center.

Simon Property Group, an Indianapolis-based investment trust, announced Friday it plans to buy the property, touting it as an “exceptional retail destination.”

“We look forward to building on the center’s success for shoppers, retailers, and the greater Seattle community,” Simon CEO Eli Simon said in a statement.

Simon owns shopping centers, hotels and other properties across the country, including local fixtures like the Tacoma Mall, The District at Northgate and outlet stores in Tulalip and North Bend.

Reinvented over the years since its 1956 construction, University Village has been owned by local business magnate Stuart Sloan since he and a partner, Matthew Griffin, bought the property in the early ‘90s.

The nearly 600,000-square-foot outdoor mall was “built around a vision of delivering an exceptional customer experience,” General Manager Susie Plummer…