Brookfield and QIC Move to Divest 1M SF Victoria Gardens Mall in Rancho Cucamonga

Brookfield Properties and Queensland Investment Corp. are officially marketing Victoria Gardens, a premier 1.2M SF open-air mall in Rancho Cucamonga, for sale.

By: AXL Media

Published: Mar 6, 2026, 6:10 AM EST

Source: Bisnow

A Dominant Inland Empire Hub

Located in Rancho Cucamonga, Victoria Gardens is widely considered a "trophy" asset within the Inland Empire. Unlike traditional enclosed malls, its open-air "main street" design has helped it remain a resilient destination for both shoppers and high-end tenants.

Footprint: The mall spans approximately 1.2 million square feet, though the specific portion currently being marketed is approximately 1 million square feet.

Tenant Roster: Anchored by Macy’s, JCPenney, and AMC Theatres, the center also features luxury and popular brands such as Apple, Tesla, Lululemon, and Williams-Sonoma.

History: QIC acquired its stake in 2017 as part of a deal with Forest City Realty Trust. Brookfield entered the partnership in 2018 following its $11.4 billion acquisition of Forest City.

Recent Financial Context