WARWICK, R.I. (AP) — The Rhode Island Mall’s new owners say they plan to “breathe new life” into the property that has been mostly vacant since April 2011.

Winstanley Enterprises, of Concord, Mass., and Surrey Equities, of New York, announced on Thursday that they purchased the 450,000 square-foot property in Warwick from a Florida company for $38 million.