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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.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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