Pittsburgh Mills Mall has new owner

FRAZIER TOWNSHIP, Pa. — There could be some new plans in the works for the Pittsburgh Mills Mall.

A new owner, Mason Asset Management, has purchased the property for $12 million.

The Long Island-based company bought the mall and its parking lots.

Officials said 30 percent of the mall is currently empty.

RELATED: Pittsburgh Mills mall sold to bank for $100 at foreclosure auction

The company's president told our news exchange partners, TribLIVE, there is an opportunity for re-leasing and redevelopment. 

The company says the mall will remain open for business during the transition.

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Cox Media Group