Blackwater Development LLC paid $19.1 million for Regency Square Mall among two deeds executed April 9.
The deeds were recorded April 10 with the Duval County Clerk of Court.
Blackwater Regency LLC paid $12.1 million and Blackwater Regency Acquisition LLC paid $7 million.
Regency CH LLC, Regency Mall Realty LLC and Regency Nassim LLC sold the property.
First Horizon Bank issued a $7 million mortgage.
The mortgage and deed documents were not released on the site as of 4:50 p.m. April 10.
Lake City-based Blackwater Development announced April 9 it will redevelop the property at 9501 Arlington Expressway with multifamily housing, financial institutions and nationally recognized brands.
The regional mall was developed in 1967.
Three LLCs led by New York-based Regency Mall Realty LLC bought the mall for $13 million on Feb. 14, 2014.
Regency Mall Realty LLC is a partnership of Mason Asset Management and Namdar Realty Group LLC, both based in Great Neck, New York.
It sold off the movie theater parcel behind the mall in 2015 for $26.2 million and it sold the closed Belk store in the center of the mall to Impact Church for $7 million in 2016.
Regency Mall Realty LLC said Oct. 2, 2023, it had a contract to sell its portion, after which Blackwater Development confirmed it was the prospective buyer.
The Duval County Property Appraiser’s Office assesses it at almost $6.5 million for tax purposes.
Impact Church, Dillard’s Clearance Center and the former Sears store at the mall property are separately owned.