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Joint venture buys Carlsbad, California, retail center

11North Partners and Bain Capital acquire The Beacon for $91.3 million
The Beacon lifestyle retail center in Carlsbad spans 15.24 acres and is anchored by an Equinox gym. (CoStar)
The Beacon lifestyle retail center in Carlsbad spans 15.24 acres and is anchored by an Equinox gym. (CoStar)
By Aaron Tamblyn with
CoStar Research
June 4, 2026 | 6:27 P.M.

A joint venture between 11North Partners and Bain Capital acquired the bulk of The Beacon La Costa, a 127,224-square-foot neighborhood lifestyle retail center at 7710-7790 El Camino Real in Carlsbad, California, from Asana Partners for $91.3 million.

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