Tri-County Mall in Springdale has been sold for $45 million to a Portland, Ore., investment group.

The mall was sold at a Hamilton County sheriff's auction to American Pacific International Capital.

The Group's President Wilson Chen says they plan to improve the 750,000-square-foot mall even though occupancy in the mall has fallen in recent years.

The mall at 11700 Princeton Pike is open Monday-Saturday from 10am-9pm, and Sunday from Noon-6pm.

There is no word yet if the three flagship store's at the mall Sears, Macys and Dillards will remain in the mall.