REDLANDS >> It’s a deal.

The City Council on Tuesday agreed to sell the parking lots surrounding the Redlands Mall to the building’s owner, Brixton Redlands LLC, for $1.95 million.

“I’m appreciative of the effort that the former council made right up until the last council meeting of December working on this matter with representatives of Brixton Capital,” Mayor Paul Foster said Tuesday. “They are very excited, as they will tell you, about coming to Redlands.”

The lots in question include the Redlands Mall parking lot, the lot south of Brookside Avenue, and the underground parking lot and air space above the southwest portion of the Redlands Mall.

The lot on Brookside Avenue would remain available for public parking for at least five years, according to the council’s agreement with the developer.

Proceeds from the sale will be used to address parking issues downtown, Foster said.

San Diego-based Brixton Capital LP purchased the vacant Redlands Mall building in July 2014. Brixton Redlands LLC is under Brixton Capital LP.

Although Brixton purchased the mall building, the surrounding parking remained city-owned.

The mall, located on about 11 acres on Orange Street between Redlands Boulevard and Brookside Avenue, was built in 1977. It closed in 2010.

Councilman Jon Harrison said the mall was the city’s largest source of sales tax revenue when it was developed in the 1970s.

“Over the 30 years it was in existence, eventually the model for retail in the country changed. Not only did our mall close, but malls closed all across the country,” Harrison said. “So keep in mind that the mall was a success. It helped keep this city afloat for decades and we shouldn’t forget that fact. Now it’s time to make a better use for that property. That’s what we’re seeking to do.”

The mall offered more than 173,000 square feet of enclosed leasable space and a 12,586-square-foot freestanding retail building.

CVS Pharmacy occupies just under 15 percent of the main mall building.

A Denny’s, a Union Bank branch and a Mattress Showroom also are on the mall site, detached from the mall building.

Brixton Capital purchased the mall from Howard Hughes Corp., which with the help of the city, began seeking buyers in early 2013.

Foster said he expects Brixton’s proposed project will be ready to unveil to the public over the next couple of months.

“Stay tuned,” he said.