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Washington DC & Mid-Atlantic  + Retail  |  March 2, 2020
David Cohen
By: David Cohen

Lionheart Capital Acquires Manassas Mall for $41M

Miami-based real estate development firm Lionheart Capital has acquired the Manassas Mall, a 930,662-square-foot mall in Manassas, VA. The sales price was $41 million.

Located at 8300 Sudley Rd., the mall has lost three major anchor tenants since 2013, Sears, Target and JC Penney. However, the mall is currently 93% occupied and generates more than $200 million in sales annually.

JLL brokered the sale on behalf of JPMorgan and an affiliate of Pyramid Management Group. Spinoso Real Estate Group has been tapped to manage the property.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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