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The Richland Mall has been purchased by a company based out of Minneapolis, Minnesota.
According to RichlandSource.com, Brait Fund has acquired the property for a total of $4 million.
The co-founder of Brait Fund expects a $10 million investment in the next 3 years for the Mall, which was built back in 1968.
The team plans to keep the existing retail stores and look to add things with the possibility of gym space, daycare and expanded food options.
The company says they want to make sure the businesses brought in are going to serve the community.
Avita Health System is not included in the purchase, but Brait Fund said, they would like to work with Avita to find tenants that can compliment the hospital operations.