Krog District owners scoop up final missing piece along Beltline

A versatile, longstanding Inman Park property once marketed as “the last great piece of the Beltline” has sold to a local real estate investment and operations firm.  

Krog District owners 26th Street Partners have closed on the purchase of a nearly 5,400-square-foot brick, former warehouse, office, and residential structure at 116 Krog St. that was a missing piece in the company’s portfolio of properties fronting the Eastside Trail in Inman Park and Old Fourth Ward. 

Atlanta-based 26th Street—headed by three former Jamestown executives—bought the Krog District a year ago from Asana Partners for $210 million. The 180,000-square-foot district includes Krog Street Market, Atlanta Stove Works, SPX Alley, and the infill Butler building. 

The purchase of 116 Krog St., which closed Thursday, means 26th Street controls even more of the vibrant Beltline commercial corridor between Irwin Street and Edgewood Avenue, which is unrecognizable from a decade ago. 

Exactly what will become of the high-profile property remains to be seen. 

The seller was an LLC called THC Chill that had bought the multi-level Krog Street building in September 2024 for $2.95 million.

The property came back up for grabs in July with an asking price of $5.25 million, as listed with Bull Realty and TCN Worldwide.

Both parties have asked that the property’s sales price not be disclosed, according to Jake Strange, a commercial real estate advisor with the firm representing the seller.

25th Street officials didn’t respond this week to an inquiry seeking information on their plans for the building. 

According to Strange, the sellers are “very proud” of the sale and 26th Street reps are excited by possibilities of the assemblage, though no specific plans for new uses or construction timelines were discussed during the sales process.

The building previously housed a private auto shop and apartments but was sold in more of an open shell state. Strange said it would require work before a tenant or tenants could move in, if that’s the direction 26th Street chooses to go. 

“Whatever their plans are for the building, I know they want to start sooner than later, but I’m not sure they’ve even decided what they want to do with it,” said Strange. “I think they’re the right buyer for it… We feel they are probably the best people to activate the site.”

Beyond the Krog District, 26th Street’s portfolio in Atlanta includes Morningside Village, the Plaza on Ponce strip, and several retail storefronts in Virginia-Highland. 

The Inman Park property counts rare frontages on both the Eastside Trail and Krog Street, surrounded by the multi-building Krog District, where a wave of new tenants is coming in. Marketing materials suggested it would be “ideal” as adaptive-reuse, experiential retail, a bar, a restaurant, a brewery, or an entertainment or hospitality concept.  

Fulton County tax records indicate the building dates to 1955, but commenters on these pages have pointed out the building must be older, however, as it appears on Sanborn maps from the early 1900s, when it was adjacent to an active railroad line.

The location was described by sellers as “trophy” and one of “the Southeast’s most dynamic urban corridors,” the building’s layout flexible, and the character inimitable. It includes a drive-in loading door and parking on site, listings noted. The asking price broke down to about $977 per square foot. 

When a 2023 marketing campaign called for turning the building into a mixed-use hub, sellers noted it had been featured in numerous Hollywood films. 

Find a closer look at the Inman Park property and more context in the gallery above. 

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