Monday, June 1, 2026
The Beacon retail center in Carlsbad sells for $91.3M
The 122,167-square-foot renovated lifestyle retail center was sold by Asana Partners to 11 North Partners.
Photo courtesy of JLL
The Beacon, a 122,167-square-foot neighborhood lifestyle retail center at 7720-7790 El Camino Real in Carlsbad, is anchored by fitness club Equinox.
The Beacon, a 122,167-square-foot neighborhood lifestyle retail center at 7720-7790 El Camino Real in Carlsbad, is anchored by fitness club Equinox.
The Beacon, a 122,167-square-foot retail center in Carlsbad, has been sold for $91.3 million, according to commercial real estate firm JLL.
JLL's capital markets group arranged the sale of neighborhood lifestyle center, which is located at 7720-7790 El Camino Real. The property was sold by Asana Partners to 11 North Partners.
The Beacon serves a trade area with average household incomes exceeding $220,000 within a three-mile radius. More than 97,000 residents live within the center's primary market area, where median home values are approximately $1.3 million.
The shopping center sits near Interstate 5, which carries an estimated 186,000 vehicles daily, and is surrounded by coastal attractions and luxury hotels that draw visitors to the area.
Originally built in 1982, The Beacon underwent a major renovation and repositioning between 2020 and 2023. The 15.24-acre property is anchored by fitness club Equinox and includes a mix of national, regional and local tenants, including Arhaus, Sweetgreen, Shake Shack, Jeni's Ice Cream, Pitfire Pizza and Lofty Coffee Co.
JLL's investment and sales advisory team representing the seller included senior managing directors Geoff Tranchina and GlebLvovich, along with managing director Daniel Tyner.
“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,” Tranchina said in a statement.
Lvovich said the property attracted strong investor interest because of its recent repositioning, tenant mix, and operating performance.
The sale marks another significant retail investment transaction in San Diego County, where well-located shopping centers in affluent coastal communities continue to attract institutional and private investment despite broader economic uncertainty, according to JLL.
JLL's capital markets group arranged the sale of neighborhood lifestyle center, which is located at 7720-7790 El Camino Real. The property was sold by Asana Partners to 11 North Partners.
The Beacon serves a trade area with average household incomes exceeding $220,000 within a three-mile radius. More than 97,000 residents live within the center's primary market area, where median home values are approximately $1.3 million.
The shopping center sits near Interstate 5, which carries an estimated 186,000 vehicles daily, and is surrounded by coastal attractions and luxury hotels that draw visitors to the area.
Originally built in 1982, The Beacon underwent a major renovation and repositioning between 2020 and 2023. The 15.24-acre property is anchored by fitness club Equinox and includes a mix of national, regional and local tenants, including Arhaus, Sweetgreen, Shake Shack, Jeni's Ice Cream, Pitfire Pizza and Lofty Coffee Co.
JLL's investment and sales advisory team representing the seller included senior managing directors Geoff Tranchina and GlebLvovich, along with managing director Daniel Tyner.
“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,” Tranchina said in a statement.
Lvovich said the property attracted strong investor interest because of its recent repositioning, tenant mix, and operating performance.
The sale marks another significant retail investment transaction in San Diego County, where well-located shopping centers in affluent coastal communities continue to attract institutional and private investment despite broader economic uncertainty, according to JLL.
