3 3 The Regency Square Mall has a new owner.The mall -- which first opened almost 50 years ago -- sold for 13-MILLION dollars. The sale of the struggling shopping center has people who live in the area and neighboring businesses hopeful for a turnaround. Channel 4's Chris Parenteau joins us live from the mall with more 3 3 Now that the mall has been sold, many people who live in the Regency area are hoping that the new ownership group will be able to make some changes to the property to help revitalize the area, and make it a place more businesses want to be. 3 00 - 0533 -38SOT VO At the Regency mall, empty parking spaces are a very common sight. For years, the once thriving shopping mall has slowly declined. General Growth Properties INC sold the property for 13 million dollars to a joint group of Namdar Realty and Mason Asset Management, both from New York, purchased the property. A spokesman for Mason Asset Management wouldn't comment at length about the deal, but did say "I can confirm that we did buy the property, and we are very excited about it." VO Locals hope that some renovations will be coming to the aging facility.SOT SOT VO There have been multiple incidents in the past few years that either happened at or near the mall. A shooting inside the mall at a sunglasses stand injured one woman. A stolen pair of pants from the Gap led to a police involved shooting near the Best Buy a few blocks away.SOT The sale of the mall includes all of the property except Sears and Dillards. A spokesperson for Sears says that this has no impact on their store, and that they remain committed to the Regency Square mall and the Jacksonville community. The company who purchased the property has not disclosed any plans for renovations or redevelopment of the mall, but people that live near here are hopeful that they will happen.