Chino Hills Center Sells for $157M at $415/Sq Ft in Retail Data Signal
Stockdale Capital Partners paid $157 million for a 378,140-square-foot open-air retail center in Chino Hills, equating to $415 per square foot. The deal reflects how data-driven retail real estate investing is shifting toward experiential repositioning. CoStar supply data underpins the case that retail is transforming, not dying.
PropTech briefing
Key takeaways
- Stockdale Capital Partners paid $157 million for a 378,140-square-foot open-air retail center in Chino Hills, equating to $415 per square foot.
- The deal reflects how data-driven retail real estate investing is shifting toward experiential repositioning.
- CoStar supply data underpins the case that retail is transforming, not dying.
- sbsun.com
- redlandsdailyfacts.com
In this briefing
Mentioned
Key Intelligence
Key Facts
- 1Stockdale Capital Partners acquired the 378,140-square-foot Shoppes at Chino Hills for $157 million earlier in September 2026, roughly $415 per square foot.
- 2The seller was Dunhill Partners; the buyer plans to attract nationally recognized retailers, restaurants, and experiential concepts that are underrepresented in the market.
- 3Bastian Peters, managing director at Stockdale, called the property a "true 'Main Street' retail environment" in a supply-constrained Southern California submarket.
- 4CoStar data shows California property owners built 8 million more square feet of retail space than they tore down between 2020 and 2025, with total state retail inventory at 1.7 billion square feet.
- 5CoStar senior director Jesse Gundersheim said the market is experiencing "retail transformation, not a retail extinction event," and that online buying "didn't eliminate the need for physical stores."
- 6Planet Fitness is opening a 16,500-square-foot club in Menifee this fall, with 100 pieces of cardio and strength equipment and a Black Card Spa, reflecting physical retail expansion.
378,140-square-foot outdoor retail center in Chino Hills
Who's Affected
Analysis
For PropTech professionals, the $157 million Shoppes at Chino Hills sale is a live case study in how platforms like CoStar are informing capital allocation in supply-constrained submarkets. At $415 per square foot, Stockdale is betting on experiential retail repositioning—an execution increasingly powered by location intelligence, tenant-mix analytics, and foot-traffic modeling. The transaction also signals rising demand for proptech tools that help owners benchmark asset performance and identify underrepresented retail concepts.
In a transaction that underscores continued institutional appetite for physical retail real estate, Stockdale Capital Partners acquired Shoppes at Chino Hills, a 378,140-square-foot outdoor retail center in Southern California, for $157 million earlier this month. The seller was Dunhill Partners. The price translates to approximately $415 per square foot, a meaningful figure for an open-air retail asset in a supply-constrained submarket. Bastian Peters, a managing director at Stockdale, framed the deal as an opportunity to own a "true 'Main Street' retail environment" in one of Southern California's most desirable areas, and the buyer has signaled plans to reposition the center by attracting nationally recognized retailers, restaurants, and experiential concepts that are currently underrepresented in the market.
For PropTech professionals, the $157 million Shoppes at Chino Hills sale is a live case study in how platforms like CoStar are informing capital allocation in supply-constrained submarkets.
The sale arrives amid a broader reassessment of California's retail landscape. Data compiled by CoStar and reported by Southern California News Group business columnist Jonathan Lansner shows that property owners in California built 8 million more square feet of retail space than they tore down between 2020 and 2025. The state currently holds about 1.7 billion square feet of retail inventory. Jesse Gundersheim, CoStar's senior director for market analytics, pushed back on the "retail apocalypse" narrative, calling the current period a "retail transformation, not a retail extinction event." While the growth of e-commerce has changed consumer behavior, Gundersheim noted that it "didn't eliminate the need for physical stores." That data-driven view is directly relevant to the Shoppes at Chino Hills trade: investors are not abandoning retail; they are selectively acquiring well-located properties that can be repositioned for experiential and service-oriented tenants.
The strategic implications extend beyond the single asset. Open-air and Main Street-style centers have outperformed enclosed malls in investor preference because they often offer lower operating costs, easier curbside access, and a tenant mix anchored by daily needs retail, dining, and fitness. Stockdale's stated plan to introduce underrepresented experiential concepts aligns with the broader shift toward retail as a destination for services and entertainment rather than purely goods. The nearby Planet Fitness opening in Menifee—a 16,500-square-foot club with 100 pieces of cardio and strength equipment, functional training zones, and a Black Card Spa—illustrates how physical retail space is being repurposed for experiential and membership-based uses. That club is scheduled to open this fall.
What to Watch
From a market-impact perspective, the $157 million price point adds another comp to Southern California's retail investment market and may reinforce pricing assumptions for open-air centers in supply-constrained submarkets. The deal also highlights the role of commercial real estate data platforms like CoStar in shaping investment narratives. Buyers, brokers, and lenders increasingly rely on granular market analytics—supply growth, vacancy, tenant mix, and foot traffic—to underwrite acquisitions and repositioning plans. Stockdale's ability to articulate a differentiated strategy for the property reflects not just capital availability but also access to market intelligence that can identify gaps in experiential retail offerings.
Looking forward, the Shoppes at Chino Hills acquisition is likely part of a continuing trend: institutional investors targeting high-quality retail real estate where the physical store remains essential. The California net supply growth of 8 million square feet from 2020 to 2025 suggests that development and redevelopment continue despite e-commerce headwinds. For proptech vendors serving retail owners, this environment creates demand for tools that benchmark asset performance, analyze tenant mix, and forecast foot traffic. The transaction also raises questions about how Stockdale will measure the success of its repositioning—whether through rent growth, occupancy, or trade area performance—and whether other owners will follow with similar experiential conversions. If the retail transformation narrative holds, the Shoppes at Chino Hills sale may be remembered less as a single asset trade and more as a signal that physical retail, when well-located and well-managed, remains a durable institutional investment.
Source cluster
Primary reporting
- redlandsdailyfacts.comWhat new : Shoppes at Chino Hills sells for $157 million – Redlands Daily Facts
Cite This Page
"Chino Hills Center Sells for $157M at $415/Sq Ft in Retail Data Signal." PropTech Intelligence Brief, September 25, 2026. https://getproptechbrief.com/story/proptech-chino-hills-157m-retail-sale
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