Bain Capital, 11North acquire five open-air retail centers for $300 million

  • Bain Capital Private Equity LP and 11North Partners acquired five open-air retail centers in private deals for about USD 300 million.
  • Portfolio totals about 757,000 square feet across California, Virginia, Florida, Texas; in-place occupancy above 93%.
  • Centers are anchored by major grocery, big-box, fitness tenants; anchor sales exceed USD 900 per square foot.
  • Transaction expands the joint venture’s platform to 18 assets; nearly USD 1 billion deployed since April 2024.
  • Partnership cited more than USD 2 billion of investable equity, including a USD 1.6 billion open-air retail capital raise in December.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bain Capital Private Equity LP published the original content used to generate this news brief on May 27, 2026, and is solely responsible for the information contained therein.