California

Victorville, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $9.3 million sale of a 44,388-square-foot retail property located in Victorville, approximately 35 miles north of San Bernardino. Sprouts Farmers Market anchors the property, which also includes a 21,000-square-foot junior box space available for lease. Built in 1989 and renovated in 2024, the property is situated within Village Center, a 350,000-square-foot community center. Village Center features a mix of tenants such as BioLife Plasma Services, Dollar Tree, Hobby Lobby, PetSmart, La-Z-Boy, Mattress Firm, Crunch Fitness and Get Air Trampoline …

Thousand Oaks, Calif. — The Sigmund Cos. (TSC), in partnership with Shoreline Street Partners, has acquired University Shopping Center, a 37,992-square-foot retail property located in Thousand Oaks, roughly 38 miles west of Los Angeles, for $17.6 million. Trader Joe’s anchors the property, which features a mix of additional tenants such as Fresh Donuts, 3Tails Dog Salon, PJ’s Pub, Allegro Pizza, Imperial Garden Chinese Restaurant and Launderland, among others. University Shopping Center was 83 percent leased at the time of sale. The property was acquired in two separate transactions. The first …

Chino Hills, Calif. — Stockdale Capital Partners and funds managed by Hamilton Lane have acquired The Shoppes at Chino Hills, a 378,140-square-foot open-air regional lifestyle center located in the Inland Empire city of Chino Hills. Originally developed in 2008, The Shoppes at Chino Hills is anchored by Trader Joe’s and Barnes & Noble. Other retailers and restaurants at the property include Old Navy, Sephora, Victoria’s Secret, Bath & Body Works, P.F. Chang’s, California Pizza Kitchen and Chipotle Mexican Grill, among others. Stockdale plans to rename the property The Shops at Chino …