26th Street Partners has closed on the last building it didn't already own in the Krog District, picking up the nearly 5,400-square-foot brick structure at 116 Krog St. in Inman Park on Thursday. The purchase gives the Atlanta-based firm control of the entire commercial stretch along the Eastside Trail, folding in a former auto shop and apartment building that sits where the Beltline meets Krog Street.
A Building Dating to 1955 Finally Changes Hands
As reported by Urbanize Atlanta, the seller was an LLC called THC Chill, which had bought the multi-level building in September 2024 for $2.95 million. The property came back on the market in July with an asking price of $5.25 million, which works out to roughly $977 per square foot given the building's footprint. Both parties asked that the actual sale price stay undisclosed, so it's unclear what 26th Street ultimately paid.
The building has frontage on both the Eastside Trail and Krog Street, and it comes with a drive-in loading door and on-site parking, according to the same report. Fulton County tax records date the structure to 1955, though Sanborn maps place a building on the site in the early 1900s next to an active railroad line. It previously housed a private auto shop and apartments and was sold in an open-shell condition, meaning it will need work before any tenant can move in.
No Word Yet on What Comes Next
Jake Strange, a commercial real estate advisor with the firm that represented the seller, said the sellers were very proud of the sale. He told the outlet that 26th Street Partners wants to begin work sooner rather than later, but added, “I'm not sure they've even decided what they want to do with it.” No specific plans for new uses or construction timelines were discussed during the sales process, and 26th Street Partners has not disclosed what it intends to build or lease at the address.
Marketing materials for the property had floated several possible directions, suggesting it could work as adaptive reuse, experiential retail, a bar, restaurant, brewery, or an entertainment or hospitality concept. Representatives for 26th Street Partners are said to be excited about the possibilities the property adds to the broader assemblage, though nothing concrete has been announced.
Completing the Krog District Puzzle
The deal caps off a year of consolidation for 26th Street Partners, which bought the broader 180,000-square-foot Krog District from Asana Partners for $210 million roughly a year earlier. That district already included Krog Street Market, Atlanta Stove Works, SPX Alley, and the infill Butler building. With 116 Krog St. now added, the firm controls more of the Beltline commercial corridor between Irwin Street and Edgewood Avenue than any other single owner.
The Krog District portfolio that Asana sold off included addresses at 73 Krog St. NE, 99 Krog St. NE, 112 Krog St. NE, 124 Krog St. NE, and 661 Auburn Ave. NE, according to a release from Asana Partners. That same release described the district as home to a mix of restaurants, retailers, offices, residences, and community gathering spaces. Separately, Bisnow reported the district has more than 40 tenants spread across Inman Park, and that Asana's own redevelopment years earlier had replaced an aging industrial building and gravel lot with two mixed-use buildings, a parking garage, and new outdoor dining space.
More Change Already Underway Nearby
The surrounding Krog District is already expecting a wave of new tenants, per the Urbanize Atlanta report. Earlier this year, the former BrewDog space in the district became a seasonal home for LikeMinds, a pop-up sports bar that ran from June through September in the 12,000-square-foot space along the Eastside BeltLine, as Rough Draft Atlanta reported at the time. When LikeMinds' residency was announced, no next use had been disclosed.
Beyond the Krog District, 26th Street Partners' Atlanta holdings include Morningside Village, the Plaza on Ponce strip, and several retail storefronts in Virginia-Highland. The firm, which is headed by three former Jamestown executives, also bought Plaza on Ponce and Morningside Village together for $67.5 million in January, according to Bisnow's deal sheet. With 116 Krog St. now in hand, the firm's footprint along one of the city's busiest Beltline stretches is effectively complete, even if what fills the building remains an open question.
