CRE 101 Blog

Two Atlanta properties, one including a city landmark, have changed hands.

Plaza on Ponce and the Morningside Village shopping center have been sold for $36.1 million and $31.4 million, respectively, Atlanta Business Chronicle reports. North Carolina-based Asana Partners sold the properties to 26th Street Partners.

Plaza on Ponce includes Plaza Theatre, the city’s oldest independent movie theater. It will remain at the center with a long-term lease, according to the news outlet.

26th Street Partners is an Atlanta-based real estate investment company with a focus on the Sunbelt.

It is a relatively new firm – it was founded in 2023 – but the founders have extensive real estate experience. According to the website, the three recently “departed senior executive roles at a vertically integrated real estate private equity and development firm.” LinkedIn indicates that this firm was Jamestown.

​ Real Estate, 26 Street Partners, Asana Partners, Morningside Village, Plaza on Ponce, Plaza Theatre An Atlanta real estate firm is the new owner of Plaza on Ponce and Morningside Village. Read MoreWhat Now AtlantaReal Estate – What Now Atlanta