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Lionheart Capital Venture Buys Its First Enclosed Mall
Miami-based Out of the Box Ventures LLC, a Lionheart Capital subsidiary, has acquired Richland Mall in Mansfield, OH for an undisclosed sum. The 733,633 square foot property is Out of the Box’s first enclosed mall.
Located just off State Highway 30, the property is the only mall within a 45-mile radius and the only significant retail offering along I-71, the major travel route from Cleveland to Columbus.
“Considering the regional draw of Richland Mall, we are excited and optimistic about adding new entertainment and fitness offerings, as well as a vibrant food and beverage scene,” said Lionheart’s Ashley Thornburg. The presence of AVITA Health Systems’ full-service hospital onsite provides “a unique opportunity to service over 350 daily employees, patients and their families, and also attract additional medical and health-related providers.”
Madison Marquette’s Robert Marona has been retained to spearhead leasing efforts for the mall.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
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