Parties fail to reach agreement to sell Collin Creek Mall property, delaying Plano redevelopment plans

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A key property owner at Plano’s ailing Collin Creek Mall says it has removed itself from formal talks to sell the property, a setback for the developer who had emerged as the sole buyer moving to redevelop the mall.

Spokesperson Chris Barry of National Retail Properties, which owns the portion of the mall that houses indoor entertainment venue Amazing Jake’s, confirmed on Wednesday that the company failed to reach a final agreement with developer Sam Ware’s Dreien Opportunity Partners before the timeline outlined in the initial purchase agreement expired.

Tenants of the property were notified of the missed deadline on Wednesday in a letter from Dallas-based commercial real estate company CBRE, which manages the property.

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