Cushman & Wakefield represented an affiliate of Miami-based Lionheart Capital in securing $28.7 million of non-recourse bridge financing for Manassas Mall, a 941,574-square-foot shopping, dining and entertainment destination in Manassas, Virginia, near Washington, D.C.

The Cushman & Wakefield Equity, Debt & Structured Finance team, including Robert Kaplan and Mark Rutherford in Miami and Michael Zelin, Bindi Shah and Ryan McMahon in Washington, D.C., represented Lionheart in the transaction with The Ardent Companies.

Manassas Mall is located on a 74.7-acre site on Sudley Road, and it was originally developed in 1972, expanded in 1988, and extensively renovated in 2016 by a previous owner.

“Lionheart already has had tremendous success at Manassas Mall and intends to develop a truly transformational project that will be integrated with the mall, resulting in an urban-style, walkable, mixed-use neighborhood to serve this growing community,” said Kaplan, Cushman & Wakefield Executive Managing Director. “The new financing package will serve as a catalyst for the firm’s efforts in bringing its vision to fruition.”