The deed is done | Arkansas Blog

Wednesday, October 3, 2007

The deed is done

Posted By on Wed, Oct 3, 2007 at 10:45 AM

The county clerk's office said the deed was recorded today for the purchase of University Mall by a Dallas developer who plans to raze the failed mall and build a new Park Avenue retail center. Price: $21 million. The price may have been offset by whatever deal the developer worked out with Simon Property Group to end the years remaining on its lease and meet its court-ordered obligation -- now moot -- to spend almost $8 million on mail mall rehab work.

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