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California  + San Diego  + Retail  | 

Carlsbad Lifestyle Center Fetches $91M in Sale to 11North

 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.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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