11 North Partners has acquired The Beacon, a premier, 122,167-square-foot neighborhood lifestyle retail destination in Carlsbad, Calif., for $91.3 million.
The Beacon is located at 7720-7790 El Camino Real in the heart of Carlsbad.
The center benefits from being located just off Interstate 5, which carries approximately 186,000 vehicles per day.
The lifestyle center was originally built in 1982 and underwent a comprehensive repositioning and renovation from 2020 to 2023. The Beacon comprises 15.24 acres, is 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.
JLL worked on behalf of the seller, Asana Partners.
