Stockdale JV Buys 378 KSF SoCal Retail Asset
The new owners are eyeing a repositioning strategy for the property.
Stockdale Capital Partners and funds managed by Hamilton Lane have acquired The Shoppes at Chino Hills, a 378,140-square-foot open-air lifestyle center in Chino Hills, Calif. The asset sold for $157 million.
Stockdale led the acquisition, while Hamilton Lane served as a co-investor. The property’s previous owner was Dunhill Partners, according to Yardi Matrix.
The Shoppes at Chino Hills was originally developed in 2008. Designed as a walkable environment, it includes a central promenade, seasonal events, farmers markets and family-oriented programming.
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Anchored by Trader Joe’s and Barnes & Noble, the center features a mix of national retailers, restaurants and experiential tenants, including Afters Ice Cream, Club Pilates, YogaSix, Yard House Bar & Grill, Sephora and Madison Reed.
The more-than-25-acre site at 13920 City Center Drive is located 35 miles east of downtown Los Angeles. The property’s metro area has a population of more than 4.7 million people, according to Stockdale.
The new owners will tweak the center’s name to The Shops at Chino Hills and plan to carry out a rebranding, remerchandising and repositioning strategy in the coming months.
The property was marketed for sale by the CBRE team of Senior Vice President Jimmy Slusher and Executive Vice President Mark Damiani, Vice President James Tyrrell and Investment Sales Analyst Shaya Northrup.
Opportunities in the open air
Stockdale’s announcement of this acquisition remarked on the resilience that open-air retail centers have shown in recent years, as consumers continue to gravitate toward accessible, convenience-driven environments where shopping, dining, entertainment and community experiences intersect. Retailers have also increasingly prioritized high-performing lifestyle centers that deliver strong daily traffic, meaningful customer engagement and long-term market relevance.
In February, Stockdale, in collaboration with UBS’s Unified Global Alternatives – Real Estate business, completed the recapitalization of the 1.1 million-square-foot The Shops at Northfield, Denver’s most-visited open-air lifestyle center. Stockdale acquired the center in 2021 and has since found new tenants for two anchor positions there.
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