Hamilton Lane and Stockdale Capital Acquire Southern California Shopping Center for $157 Million

Chino Hills, CA and Conshohocken, PA- Stockdale Capital Partners ("Stockdale"), together with funds managed by Hamilton Lane (Nasdaq: HLNE), have acquired The Shoppes at Chino Hills, a 378,140-square-foot open-air lifestyle center in the Southern California community of Chino Hills. The acquisition was led by Stockdale, with Hamilton Lane as a co-investor, and reflects the firm's continued conviction in high-quality retail destinations located in high-growth markets with opportunities for long-term value creation.

The Shoppes at Chino Hills is a dominant regional retail destination situated in one of the fastest-growing trade areas in the Inland Empire, a metropolitan area 35 miles east of Downtown Los Angeles with a population of more than 4.7 million. Designed as a walkable, open-air environment, the property functions as a true community gathering place, offering amenities such as a central promenade, seasonal events, farmers markets, and family-oriented programming.

"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."

"We view Chino Hills as one of the most compelling retail markets in Southern California," added Bhathal. "Supported by exceptional demographics and the rapid growth occurring throughout Chino Hills, we see a significant opportunity to attract nationally recognized retailers, restaurants, and experiential concepts that are currently underrepresented in the market. Our goal is to build upon the property's strong foundation and further establish The Shoppes at Chino Hills as the region's premier lifestyle destination."

Scott Davies, Co-Head of Real Estate at Hamilton Lane, added, "We believe the retail sector can present a compelling investment opportunity in today's market, driven by limited supply and strong demand from both consumers and retailers. The presence of a leading grocery anchor, combined with the potential to enhance a value-add open-air center, creates the type of attractive, risk-adjusted investment we are focused on in the current environment."

Open-air retail centers have demonstrated remarkable resilience in recent years as consumers continue to gravitate toward accessible, convenience-driven environments where shopping, dining, entertainment, and community experiences intersect. Retailers have increasingly prioritized high-performing lifestyle centers that deliver strong daily visitation, meaningful customer engagement, and long-term market relevance.

"This shift has created a highly competitive leasing landscape, with brands prioritizing high-traffic, necessity-based and lifestyle-oriented centers that consistently deliver strong daily visits and long-term customer engagement," said Bhathal.

Stockdale has been an active investor in retail real estate over the past several years with high ambitions to continue growing its retail platform, targeting high-quality assets where it can drive value through repositioning, lease-up and experiential enhancements.

Stockdale plans to actively invest in the community and property. As part of this next chapter, the property will be renamed The Shops at Chino Hills, with additional plans for its rebranding, remerchandising, and repositioning strategy to be shared in the coming months.

The property was marketed for sale by the CBRE team of Jimmy Slusher, Mark Damiani, James Tyrrell, and Shaya Northrup out of the firm's Irvine, CA office.

About the Shoppes at Chino Hills

The Shoppes at Chino Hills is a 378,140-square-foot open-air lifestyle center, originally developed in 2008, located in one of Southern California's fastest-growing trade areas. Anchored by Trader Joe's and Barnes & Noble, the center features a curated mix of national retailers, restaurants and experiential tenants, serving an affluent customer base of more than 300,000 residents within a five-mile radius. Situated on more than 25 acres at 13920 City Center Drive, the property benefits from exceptional regional accessibility, strong demographic fundamentals and continued residential growth throughout Chino Hills and the surrounding Inland Empire communities.

About Stockdale Capital Partners

Stockdale Capital Partners (stockdalecapital.com) is a vertically-integrated real estate private equity firm investing across asset classes nationally. Headquartered in Los Angeles, the firm operates six offices nationwide and manages over $3 billion in assets under management. Stockdale's portfolio includes healthcare, hospitality, mixed-use, multifamily, office, and retail properties across the United States. Follow us on LinkedIn for more information.

About Hamilton Lane

Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs approximately 800 professionals operating in offices throughout North America, Europe, Asia Pacific and the Middle East. Hamilton Lane has $1.1 trillion in assets under management and supervision, composed of more than $146 billion in discretionary assets and $914 billion in non-discretionary assets, as of June 30, 2026. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit https://www.hamiltonlane.com or follow Hamilton Lane on LinkedIn: https://www.linkedin.com/company/hamilton-lane/.

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