The Shops at Northfield

Stockdale Capital Partners has completed a strategic equity recapitalization of The Shops at Northfield, a 1.1M square foot open air lifestyle center in Denver, in partnership with UBS’s Unified Global Alternatives Real Estate business.

Stockdale acquired the 87-acre mixed use property in 2021 and has since advanced a series of redevelopment and leasing initiatives. Those efforts include securing entitlements for up to 1,500 multifamily units, backfilling former anchor spaces with Wayfair and Life Time, and signing approximately 350,000 square feet of new leases.

Recent tenants added to the property include Lululemon, Nike, Sephora, Lucky Strike, and a national grocer. Stockdale said the recapitalization reflects strong operating performance and supports long term growth at the site.

The next phase for Northfield will focus on placemaking, repositioning efforts, and continued leasing activity as the ownership group works to strengthen the property’s role as a regional retail destination.

The expanded partnership with UBS brings additional institutional capital and global real estate investment expertise to the project, supporting future reinvestment and redevelopment plans at the property.

The Shops at Northfield is one of the Denver region’s most visited retail centers and remains a key mixed use redevelopment site in northeast Denver.