Stockdale Leads $157M Shopping Center Acquisition in Southern California
The 378,000-square-foot Shoppes at Chino Hills will be rebranded and repositioned under new ownership
By Greg Cornfield September 14, 2026 4:00 pm
reprints
As more capital returns to brick-and-mortar retail, a Los Angeles-based investment firm has gone east to acquire a shopping center in the Inland Empire.
Stockdale Capital Partners and funds managed by Conshohocken, Pa.-based Hamilton Lane put down $157 million for a 378,140-square-foot lifestyle center at 13920 City Center Drive in Chino Hills, Calif., called the Shoppes at Chino Hills. The more than 25-acre property was developed in 2008 and is anchored by Trader Joe’s and Barnes & Noble. Its tenant roster includes national retailers, restaurants and experiential concepts serving more than 300,000 residents within five miles, according to the buyers.
The buyers did not disclose the occupancy rate at the property. Stockdale plans to rename the property the Shops at Chino Hills and to pursue a broader rebranding, remerchandising and repositioning program to attract more national retailers, restaurants and concepts that the buyers said are underrepresented in the market.
“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,” Bastian Peters, who co-heads Stockdale’s retail platform with Jeff Bhathal, said in a statement.
The acquisition comes as investors have become increasingly more confident in retail in general, but especially in open-air and grocery-anchored shopping centers. Hamilton Lane co-head of real estate Scott Davies said the combination of “limited supply and strong demand from both consumers and retailers” helped make the asset more attractive.
Stockdale has been expanding its retail platform with a strategy focused on repositioning, lease-up and experiential upgrades. The private equity firm manages more than $3 billion across real estate sectors, including retail, multifamily, hospitality, health care and office.
CBRE’s Jimmy Slusher, Mark Damiani, James Tyrrell and Shaya Northrup had the listing for the Shoppes at Chino Hills.
Gregory Cornfield can be reached at gcornfield@commercialobserver.com.
