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Asana Partners sold the Plaza on Ponce and Morningside Village shopping centers in separate transactions for a combined price of $67.5 million. Atlanta-based 26th Street Partners was the buyer.

The Atlanta Business Chronicle reported that the Majestic Diner and Plaza Theater signed long-term leases at Plaza on Ponce before the sale.

Asana entered the Atlanta market in 2017 with its purchase of Plaza on Ponce, a historic shopping center on Ponce de Leon Avenue. It paid $18.1 million in 2017. It recently sold for $36.1 million. 

Asana bought Morningside Village in 2018 for $21 million. The center spans two sides of North Highland Avenue and includes tenants such as The Family Dog. The property just sold for $31.4 million.

The post Asana Spins Off 2 Atlanta Retail Centers appeared first on Connect CRE.

​  Asana Partners sold the Plaza on Ponce and Morningside Village shopping centers in separate transactions for a combined price of $67.5 million. Atlanta-based 26th Street Partners was the buyer. The Atlanta Business Chronicle reported that the Majestic Diner and Plaza Theater signed long-term leases at Plaza on Ponce before the sale. Asana entered the Atlanta …
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