Asana Partners acquires upscale retail center in the San Diego area

SAN DIEGO, CALIF., August 22, 2019 – JLL’s Capital Markets team announced that Asana Partners acquired The Beacon La Costa, a 123,000-square-foot upscale retail center located at 7710-7770 El Camino Real in Carlsbad, California in an off-market transaction.

JLL’s Geoff Tranchina and Jose Carrazana represented the buyer.

"This was an opportunity for Asana Partners to acquire a unique neighborhood center in an affluent trade area with pent-up demand from specialty retailers and unique-to-market restaurant operators,” said Tranchina. “There continues to be investor interest in high-quality retail centers located in top tier, demographically-driven markets.”

The Beacon La Costa is located in one of San Diego County’s most affluent neighborhoods with an average household income of approximately $163,000 within a three-mile radius. The property is anchored by the first Equinox in San Diego.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment advisory, debt placement, equity placement or a recapitalization. The firm has more than 3,700 Capital Markets specialists worldwide with offices in nearly 50 countries.

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