News

Asana Partners Closes Third Value-Add Fund at $1.5 Billion

March 16, 2022 CHARLOTTE, N.C. (March 16, 2022) — Asana Partners announced today the final close of Asana Partners Fund III (the “Fund”) with aggregate equity commitments of $1.5 billion. A diverse group of institutional investors from North America, Europe, and Asia Pacific made commitments to the Fund. More

Asana Partners Announces New Partners

January 5, 2022 CHARLOTTE, N.C. (January 5, 2022) — Asana Partners, a real estate private equity company, today announced that four of its managing directors have been admitted as partners: Seth Black, Reed Kracke, Will Ponder, and Brian Purcell. More

Midtown Promenade announces slate of new restaurants, retail

December 29, 2021 Midtown Promenade – home to Trader Joe’s and Midtown Art Cinema – will have a slate of new restaurants and retail when renovations are complete at the 111,000 square foot shopping center next fall. Asana Partners and SRS Real Estate Partners announced that new eateries will include Snooze, Alici, Yumbii, and The Queso Shop. More

These Two Office Markets Are the Fastest Growing. They Share a Lot in Common.

December 17, 2021 Six years after opening its Midwest headquarters in the former Fulton Market [Chicago] Cold Storage building in late 2015, Google’s neighbors now include the global headquarters of McDonald’s and Mondelez International, among an ever-growing roster of name-brand companies that have moved to the once-gritty area west of the city’s traditional business center in the Loop. The only other urban pocket where the office supply has more than doubled over the past half-decade is the Midtown-South End area of Charlotte, North Carolina, another pocket near an urban city center that was not so long ago known for low-rise warehouses. More

Parachute Home and Interior Define sign on to Design Center in South End

October 7, 2021 Two high-end end home brands have snapped up space in the Design Center in South End. Parachute Home and Interior Define — both new to the Charlotte market — expect to open in early 2022. More

Mixed-use building in Myers Park trades for $32.7M

September 8, 2021 Childress Klein Properties and Gottesman Real Estate Partners recently purchased a mixed-use building in Myers Park for $32.7 million. It marks the second acquisition for the joint venture. More

Asana Partners acquires The Hill, expands presence in Dallas

August 12, 2021 Today Asana Partners closed on the purchase of The Hill, a mixed-use neighborhood center located at the intersection of Walnut Hill Lane and Central Expressway. More

Carolina firm buys Foothill Village. See how it plans to renovate ‘iconic’ Salt Lake City shopping center.

August 12, 2021 East Salt Lake City’s Foothill Village has new owners, and they want to improve the longtime shopping center and make it a more family-friendly gathering place — not demolish it, like so many other commercial venues, to build housing. More

Patagonia Opening First Brooklyn Outpost in Williamsburg

August 11, 2021 Patagonia is opening its first store in Brooklyn with a 12,000-square-foot lease at 70 North 6th Street in Williamsburg, Commercial Observer has learned. The outdoor apparel company will occupy the entire second floor of the property between Kent and Wythe avenues, along with most of the ground level, in the long-term lease. More

Asana Partners' Katie Grissom Speaks on Diversity in Commercial Real Estate

August 9, 2021 In February, Asana Partners partnered with Project Destined and three other local real estate firms to give minority students first-hand experience in commercial real estate. In an interview with Bisnow, Katie Grissom recently talked about the program and the overall challenges and opportunities in recruiting minorities to the industry. More

Beacon La Costa Attracts Multi-Million-Dollar Tenants

August 3, 2021 The Beacon La Costa, formerly La Costa Towne Center located in Carlsbad, is quickly becoming a hotspot for booming food and beverage brands. The 123,000 square foot shopping center, which recently underwent a $10 million renovation, has attracted a number of multi-million-dollar tenants recently, some of which are entering the San Diego market for the first time. More

Asana Partners Introduces Brightleaf District, Announces New Restaurant, Medical, and Life Sciences Additions Opening Later This Year

June 30, 2021 Today Asana Partners announced several major additions to Brightleaf District, a dynamic mixed-use destination for dining, shopping, and office space that includes Brightleaf Square and totals almost 200,000 square feet. More

Asana Partners Details Plans for The Krog District Redevelopment

April 13, 2021 Asana Partners today announced plans for The Krog District, a mixed-use collection of landmark properties and gathering spaces adjacent to the BeltLine Eastside Trail, a completed three-mile segment of the planned 22-mile pedestrian greenway that runs through Atlanta’s Inman Park and Old Fourth Ward. More

Asana Partners Announces Additions to Senior Leadership Team

March 16, 2021 Today, Asana Partners announced additions to its senior leadership team. These individuals represent substantial industry expertise and diverse perspectives that will complement Asana’s approach to value creation. More

One Landlord’s Retail Properties Weather the Storm

March 9, 2021 While some companies have struggled throughout the pandemic, Asana Partners, a private equity platform headquartered in Charlotte, has weathered the storm. More

Internship Program Launches to Give Minority College Students Experience in Commercial Real Estate

February 3, 2021 A national nonprofit organization that creates programs to help underserved youth become more real estate savvy has launched in Charlotte. More

Mill Creek Sells Avenir Place at Dunn Loring

December 28, 2020 A mixed-use development in Vienna built by Mill Creek Residential that opened in 2013 has sold to two different buyers. More

Sam’s Park & Shop in Cleveland Park Sold

December 17, 2020 One of the D.C. area’s oldest strip mall-style shopping centers — one that dates back to the 1930s, in fact — has been sold. More

Asana Partners Acquires Denver’s Historic Larimer Square

December 15, 2020 Asana Partners announced it has purchased Larimer Square from long-time owner Jeff Hermanson. More

$8M Redevelopment Planned in South Kensington as Buyer Seeks 'Critical Mass' in Neighborhood

December 15, 2020 Asana Partners has paid $9.45 million for a 78,000 square-foot building at 1400 N. Howard St. in Philadelphia and plans to invest another $8 million to redevelop it. More

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