News

Giorgios Hospitality puts newest restaurant in Durham's Brightleaf Square

July 26, 2022 On the heels of opening a new restaurant in downtown Durham, a longtime restaurateur says he's bringing a new concept – with a nostalgic twist – to Brightleaf Square. More

Where Krog Street Market's expansion into full district stands

July 7, 2022 Atlantans who haven’t explored the blocks around Krog Street Market lately might not recognize them. A year after construction began in earnest to expand the popular Inman Park food and retail hub into a more cohesive district, two new mixed-use buildings—both with brick-clad, throwback aesthetics—have taken shape. More

The Future of Physical Retail in a Digital-First World

May 13, 2022 When retail stores shut their doors in March 2020, many industry observers adopted a dismal view of the future of physical retail. By the end of the year, retailers had closed over 8,700 stores in the United States. At the same time, the ecommerce growth rate more than doubled, according to the U.S. Department of Commerce. More

Asana Adding 14-Story Office Tower To Brickworks In Joint Venture With Chicago Developer

May 11, 2022 Asana Partners is planning to add new construction to an adaptive reuse project it is pursuing on Atlanta's Westside. The Charlotte-based developer, in partnership with Chicago-based Sterling Bay, is seeking to build a 14-story, 225K SF office tower on a vacant lot at the corner of West Marietta Street and Brady Avenue adjacent to its Brickworks adaptive reuse complex, according to a press release. More

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

Charlotte developer known for mixed-use retail projects is building a Tampa portfolio

March 1, 2022 Asana Partners, a Charlotte, North Carolina developer known for edgy, retail-forward projects in urban neighborhoods across the U.S., has started quietly building a portfolio of Tampa properties. More

Exclusive: Five retailers are announced for the newly branded “Krog District”

February 25, 2022 We’ve long referred to “Krog” to mean Krog Street Market, the historic food hall in Inman Park known for eats like Superica and Fred’s Meat & Bread. But last year, when developer Asana Partners announced that the food hall plus its adjacent properties Atlanta Stove Works (the former home of Rathbun’s), SPX Alley (the lively BeltLine strip including Nina & Rafi), and then-empty lots in between would be unified into one pedestrian-focused, indoor/outdoor, multi-use complex anointed “the Krog District,” it was clear we could expect more retail. More

Shake Shack Set To Open Doors To Their Fifth San Diego Outpost, Located In Carlsbad, On January 12th

January 10, 2022 Shake Shack is thrilled to announce it will open its doors in Carlsbad on Wednesday, January 12th. The Carlsbad Shack is Shake Shack’s fifth location in the San Diego area and is located in Carlsbad, where it will be a part of The Beacon La Costa, an upscale collection of restaurants, shops, and lifestyle concepts. 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