One section of the mall, Grand Village Plaza (formerly JCPenney), previously included Korean shops and restaurants; however, most of these establishments had closed by 2010.

In 2005, home goods retailer Anna's Linens opened its first Maryland store at Security Square.

[13] Privately held realty company Capital Investment Associates purchased Security Square Mall and hired Hicks & Rotner Retail, Inc. to manage leasing.

The next year, as part of its plan to revitalize, and make an upscale shift in the mall, the new management team signed eight new retailers including Hecht's (a relocation from its closed store in Edmondson Village).

It also redesigned other parts of the mall including the food court (in the former space of the GC cinemas that had moved to a new standalone building on the south parking lot), restrooms, and landscaping.

[16] On April 26, 2022, local (Baltimore County Executive Johnny Olszewski) and state (House Speaker Adrienne Jones) leaders announced major funding for the effort of a $20 million revitalization of the area around the mall.