JLL Capital Markets arranged the $91.3-million sale of The Beacon, a premier, 122,167-square-foot neighborhood lifestyle retail destination in Carlsbad. Senior managing directors Geoff Tranchina and Gleb Lvovich and managing director Daniel Tyner worked on behalf of the seller, Asana Partners. The buyer was 11North Partners.
The Beacon is located at 7720-7790 El Camino Real in Carlsbad, just off Interstate 5. The 15.24-acre lifestyle center was originally built in 1982 and underwent a comprehensive repositioning and renovation between 2020 and 2023. It’s anchored by luxury fitness brand Equinox and features a curated tenant mix of national, regional and local retailers, including Arhaus, Sweetgreen, Shake Shack, Jeni’s Ice Cream, Pitfire Pizza and Lofty Coffee Co.
“The Beacon is one of the best performing assets in San Diego, providing new ownership with opportunities to complete the lease up and create value over their ownership period,” said Tranchina.
