Atlanta-based 26th Street Partners, an investment firm launched by three former Jamestown executives, has officially taken over the Krog District after shelling out $210 million for the cluster that includes Krog Street Market and several neighboring warehouse buildings. The sale closed Sept. 25, 2025, pulling roughly 5.7 acres and about 180,000 square feet of mixed-use retail, dining and creative-office space under one owner just steps from the BeltLine. For regulars and nearby businesses, the handoff should look pretty seamless in the short term, but that price tag is a loud signal that investors are betting big on carefully curated intown retail.
The Price Tag And The Timing
The $210 million sale price and the Sept. 25 closing date surfaced in Fulton County deed records, as reported by The Atlanta Journal-Constitution. Break that down and you get more than $1,150 per square foot, which pushes the Krog District into the top tier of Atlanta mixed-use retail deals for 2025. In other words, this is not your average neighborhood strip center trade.
What 26th Street Bought
The purchase wraps Krog Street Market together with Atlanta Stove Works, SPX Alley, and the Butler and Gravel buildings into one tight package that Bisnow notes totals around 180,000 square feet and more than 40 tenants. The whole cluster sits immediately alongside the BeltLine Eastside Trail, which means a steady stream of foot traffic that far outweighs its relatively modest footprint.
Who 26th Street Partners Is
26th Street Partners describes itself as a privately held, Atlanta-based owner-operator focused on high-traffic neighborhood retail and mixed-use projects. The firm’s team page lists Shak Presswala as CEO, Andrew Shaw as chief investment officer, and Noah Peeters as chief operating officer. According to 26th Street Partners, the company has been quietly building concentrated portfolios around the city in recent months instead of chasing sprawling suburban shopping centers.
Asana’s Run And The Turnaround
Before this latest deal, Charlotte-based Asana Partners assembled much of the same portfolio between 2018 and 2019 for about $45.8 million and then went to work on a major redevelopment. The firm added two mixed-use buildings, a new parking garage, and more outdoor dining, according to reporting from The Atlanta Journal-Constitution. “It shows the value of the right combination of an old building and great old neighborhood that is well designed and filled with really good, local operators,” George Banks, one of Krog’s original developers, told the paper.
Why The Market Cared
Krog Street Market opened in 2014 and has since grown into one of the BeltLine’s signature food-hall anchors, pulling in both locals and out-of-towners, reporting by REBusinessOnline notes. That kind of cultural weight, combined with immediate BeltLine access, helps explain why investors were willing to pay a premium for a relatively compact but highly recognizable slice of the city.
What Comes Next
26th Street has not rolled out a sweeping master plan for the Krog District. A recent profile in the Atlanta Business Chronicle details the financing moves and earlier acquisitions that let the firm pull these parcels under one roof and points to a playbook centered on curated, tightly focused retail investments. That coverage suggests the company leans toward hands-on stewardship rather than dramatic overhauls.
In the near term, tenants can expect daily operations to stay largely the same while the market keeps an eye on lease expirations and any fresh leasing decisions. Over the longer haul, the sale is one more reminder that BeltLine frontage remains a powerful value driver and that experienced local operators are still willing to pay up to protect and fine-tune these high-profile intown districts.
