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Eboni Lemon / WABE

Tuesday on "Closer Look with Rose Scott and Jim Burress":

It's a new era for Southlake Mall.

Vintage Real Estate, a Los Angeles-based company known for buying financially-strapped malls,  is the new owner.

It has bought malls in numerous areas, including California, Massachusetts and Washington state, but until now, Vintage's portfolio didn't include this region.

"We have nothing going on in the Southeast and thought, it's time we're there," says Vintage chairman Fred Sands.