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August 23, 2023

Stockdale Capital Partners’ Campus at Horton announces inaugural tenants

LOS ANGELES – August 23, 2023 – Stockdale Capital Partners (“Stockdale”), a Los Angeles-based,
vertically-integrated real estate investment firm, announced its inaugural tenants at its
Downtown San Diego newly-renovated Campus at Horton, anchored by Sprouts Farmers Market,
as well as Shake Shack, Salon Republic, Sweetgreen, and Studio Three Fitness.

“After several years of hard work, we are excited to announce these best-in-class retailers for our
tenants and the community. The interest in Downtown San Diego remains as strong as ever and
we remain committed to delivering a thriving mixed-use experience that provides a preeminent retail
offering, top-tier life science labs and highly-amenitized office” said Daniel Michaels, Managing
Partner of Stockdale Capital Partners. “Horton is woven into the fabric of the San Diego community
and deserves to be a shining beacon to everything great about this city. We have more tenants to
announce shortly that will only add to these fantastic names.”

“These tenants recognize that Horton’s proximity to Downtown’s favorable demographics,
densifying residential community and overall demand for a curated retail hub make it an ideal
location for ensuring their success,” said Jeff Bhathal, Managing Director of Stockdale. “This initial
tenant mix makes it absolutely clear: this activation of new retail offerings in the Downtown San
Diego market is here and is long overdue.”

Since acquiring the formerly-named Horton Plaza in 2018, Stockdale Capital Partners has created
one of the largest adaptive re-use projects on the West Coast and shown its commitment to the
seven city block, 10-acre site by making major investments in the property to offer a one-of-a-kind
urban mixed use innovation campus.

Campus at Horton’s major improvements include:

• Development of a 10-story life sciences tower at the site of the former Nordstrom
• Conversion of former Mervyn’s to a 5-story mixed-use office tower
• New retail offerings focused on experiential retail, dining, fitness, health & wellness and
• Updated building facades and building infrastructure throughout the site
• Improved circulation featuring enhanced connectivity to project’s 2,200-stall parking
• LEED Platinum design including an onsite micro-grid that will generate approximately 2 MW
of solar power
• WELL Platinum design creating a distinctive and health-focused work environment for
employees and visitors to the project
• Incorporating patios, lush landscaping, expanded outdoor seating and dining spaces
throughout the project
• Developing a 1.25-acre activated green space for communal gathering with best-in-class
food offerings at Horton Plaza Park

Stockdale Capital Partners continues active lease negotiations with a large number of prospective
retail, office and life science tenants. In addition, the project is scheduled to deliver approximately
70,000 square feet of speculative life sciences space including office and wet labs in the fourth
quarter 2023. Campus at Horton is anticipated to create 4,000 jobs and have a $1.8 billion dollar
impact to the regional economy.