{"id":1004268533,"date":"2018-10-01T03:19:26","date_gmt":"2018-10-01T11:19:26","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004268533"},"modified":"2022-12-09T01:23:59","modified_gmt":"2022-12-09T09:23:59","slug":"lionheart-capital-subsidiary-lands-734-ksf-ohio-retail-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lionheart-capital-subsidiary-lands-734-ksf-ohio-retail-asset\/","title":{"rendered":"Lionheart Capital Subsidiary Lands 734 KSF Ohio Retail Asset"},"content":{"rendered":"<p>By Timea Matyas<\/p>\n<div id=\"attachment_1004268578\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Richland-Mall2.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004268578\" data-attachment-id=\"1004268578\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lionheart-capital-subsidiary-lands-734-ksf-ohio-retail-asset\/richland-mall2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Richland-Mall2.jpg\" data-orig-size=\"925,693\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Laura Calugar&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1538398561&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Richland Mall2\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Richland-Mall2.jpg?w=925\" class=\"wp-image-1004268578 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Richland-Mall2.jpg\" alt=\"Richland Mall \" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Richland-Mall2.jpg 925w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Richland-Mall2.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Richland-Mall2.jpg?resize=768,575 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004268578\" class=\"wp-caption-text\">Richland Mall<\/p><\/div>\n<p>Out of the Box Ventures, a Lionheart Capital subsidiary, has acquired the 733,633-square-foot Richland Mall in Mansfield, Ohio. The transaction excludes Sears and Avita Health Systems, which are both separately owned. The acquisition represents the company\u2019s first enclosed mall purchase.<\/p>\n<p>Located just off state highway 30, Richland Mall is the only significant retail offering within a 45-mile radius from Cleveland to Columbus. The property is along Interstate 71, the major travel route connecting the two Ohio metros. Macy\u2019s, JCPenney, Victoria\u2019s Secret, American Eagle Outfitters, Chuck E. Cheese\u2019s, Bath &amp; Body Works, Champs Sports, GameStop, Lenscrafters, Christopher &amp; Banks and The Finish Line are among the shopping center&#8217;s tenants.&nbsp;<\/p>\n<p>The new owner intends to add entertainment and fitness offerings to the property.&nbsp;<em>\u201cOut of the Box is exploring green energy and other technology improvement options, and we look forward to forming fruitful partnerships with the mayor and local municipality to increase the use and appeal of the center to local residents of all ages,\u201d<\/em> said Lionheart Capital Founding Partner &amp; CEO Ophir Sternberg, in a prepared statement.<\/p>\n<p>Robert Marona, senior vice president &amp; senior director of leasing for Madison Marquette, will spearhead leasing efforts for the mall. The CRE investment and operating company recently announced <a href=\"https:\/\/www.commercialsearch.com\/news\/madison-marquette-pmrg-plan-merger\/\">merger plans with PMRG<\/a>.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sears, Avita Health Systems, Macy\u2019s, JCPenney, Victoria\u2019s Secret and Chuck E. Cheese are among the tenants of the property. The buyer retained Madison Marquette to spearhead leasing efforts going forward. <\/p>\n","protected":false},"author":1274,"featured_media":1004268578,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1584,1585,21743,21783,13,21742,21749],"tags":[38136,42254,33353,33671,42257,38719],"class_list":["post-1004268533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cleveland","category-columbus","category-deals","category-investment","category-midwest","category-latest","category-retail","tag-jcpenney","tag-lionheart-capital","tag-macys","tag-madison-marquette","tag-ophir-sternberg","tag-sears"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lionheart Capital Subsidiary Lands 734 KSF Ohio Retail Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lionheart-capital-subsidiary-lands-734-ksf-ohio-retail-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lionheart Capital Subsidiary Lands 734 KSF Ohio Retail Asset\" \/>\n<meta property=\"og:description\" content=\"Sears, Avita Health Systems, Macy\u2019s, JCPenney, Victoria\u2019s Secret and Chuck E. 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The buyer retained Madison Marquette to spearhead leasing efforts going forward.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lionheart-capital-subsidiary-lands-734-ksf-ohio-retail-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-01T11:19:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T09:23:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/09\/Richland-Mall2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"925\" \/>\n\t<meta property=\"og:image:height\" content=\"693\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Timea Matyas\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lionheart-capital-subsidiary-lands-734-ksf-ohio-retail-asset\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lionheart-capital-subsidiary-lands-734-ksf-ohio-retail-asset\\\/\"},\"author\":{\"name\":\"Timea Matyas\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d364eed718d001d2f28b9e07694ebfc2\"},\"headline\":\"Lionheart Capital Subsidiary Lands 734 KSF Ohio Retail Asset\",\"datePublished\":\"2018-10-01T11:19:26+00:00\",\"dateModified\":\"2022-12-09T09:23:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lionheart-capital-subsidiary-lands-734-ksf-ohio-retail-asset\\\/\"},\"wordCount\":238,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lionheart-capital-subsidiary-lands-734-ksf-ohio-retail-asset\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2018\\\/09\\\/Richland-Mall2.jpg\",\"keywords\":[\"JCPenney\",\"Lionheart Capital\",\"Macy\u2019s\",\"Madison Marquette\",\"Ophir Sternberg\",\"Sears\"],\"articleSection\":[\"Cleveland\",\"Columbus\",\"Deals\",\"Investment\",\"Midwest\",\"News\",\"Retail\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lionheart-capital-subsidiary-lands-734-ksf-ohio-retail-asset\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lionheart-capital-subsidiary-lands-734-ksf-ohio-retail-asset\\\/\",\"name\":\"Lionheart Capital Subsidiary Lands 734 KSF Ohio Retail Asset - 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