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Stockdale, Hamilton Lane Acquire Open-Air SoCal Center for $157M
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 the Inland Empire community of Chino Hills. The $157-million acquisition was led by Stockdale, with Hamilton Lane as a co-investor.
“The Shoppes at Chino Hills represents an opportunity to acquire a true ‘Main Street’ retail environment in one of Southern California’s most desirable and supply-constrained submarkets,” said Bastian Peters, who, along with Jeff Bhathal, heads Stockdale’s retail platform. “With its strong demographics, experiential tenant mix, and embedded growth potential, the property aligns perfectly with our strategy of acquiring high-quality retail destinations where we can unlock additional value.”
Post-closing, the property will be renamed The Shops at Chino Hills. Additional plans for its rebranding, remerchandising, and repositioning strategy will be divulged in the coming months.
The property was marketed for sale by the CBRE team of Jimmy Slusher, Mark Damiani, James Tyrrell and Shaya Northrup in the firm’s Irvine office.
- ◦Sale/Acquisition
