The mall was purchased from the original developers, Cafaro Company by Cabot Investment Properties in 2007[6] for $44.4 million and renamed the Ashtabula Towne Square in 2008.

[7][8] Since the mall's renaming, several more stores have closed, including Old Navy, Spencer's Gifts, Claire's, Fashion Bug, Lane Bryant, Payless ShoeSource, Wendy's, GameStop, Mr.

[8] Ruby Tuesday also closed its Ashtabula Mall location in March 2008,[9] followed by Steve & Barry's in October.

Kmart closed in 2016, which made JCPenney and Dunham's Sports the last anchors to be occupied at the time.

[19] On August 23, 2023, Sure Fire Group, LLC, bought back the mall for $2.5 million from Kohan Retail Investment.