There is a long brick building on Krog Street that thousands of people pass without ever asking what is inside it.
Right now, the answer is nothing.
No awning, no tenant and no reason to stop. It sits in the middle of one of the busiest retail blocks on the Eastside Trail, across from Krog Street Market and surrounded by offices, restaurants and stores.
On Oct. 15, it sold. The buyer was the company that already owned the buildings on either side.
What actually changed hands
26th Street Partners closed on 116 Krog St., a roughly 5,400-square-foot former warehouse, office and residential building. Both parties requested that the price remain undisclosed, according to Jake Strange, a commercial real estate adviser with the firm representing the seller.
The seller was an LLC called THC Chill, which paid $2.95 million for the building in September 2024. It returned to the market in July 2026 through Bull Realty and TCN Worldwide with a $5.25 million asking price, or approximately $977 per square foot.
The building previously held a private auto shop and apartments. It was sold in what the seller’s broker described as more of an open-shell condition and will need additional work before tenants can occupy it.
No specific use or construction timeline emerged during the sales process.
Why one small building matters on this block
Because of everything around it.
In September 2025, 26th Street bought the Krog District from Charlotte-based Asana Partners for $210 million. The approximately 180,000-square-foot portfolio includes Krog Street Market, Atlanta Stove Works, SPX Alley and the Butler and Gravel buildings at 73, 99, 112 and 124 Krog St. and 661 Auburn Ave.
Those properties wrapped around 116 Krog without including it.
Now they do.
A listing broker marketed it in 2023 as the “last great piece of the Beltline.” Both are descriptions, not formal real estate designations.
Portman Holdings’ Junction Krog District, a 135,000-square-foot office building with ground-floor retail, opened across the Eastside Trail in 2023 and remains separately owned.
For someone standing on the trail, nothing changes this month. The shell is still a shell.
What changed is who decides its future. An owner controlling the properties on both sides can approach the block with one leasing strategy, one tenant mix and one plan for how people move between Krog Street Market, Atlanta Stove Works and the trail.
Whether that benefits the district depends on a plan that has not been announced.
The larger test is 40 feet away
BrewDog closed at 112 Krog on March 9, 2026, after nearly four years, leaving a roughly 14,700-square-foot vacancy facing the trail.
LikeMinds moved into the former brewery space in June with live music, food, games and sports viewing. The pop-up was initially planned for 120 days but has since extended its run through the end of 2026.
That space is considerably larger and more visible than 116 Krog. What replaces LikeMinds, or whether the concept stays beyond December, may reveal more about 26th Street’s strategy than the first permit filed for the smaller brick building.
Watch both addresses.
What this owner does after buying a cluster
There is a broader portfolio to examine.
In January 2025, 26th Street bought Plaza on Ponce, home to the Majestic Diner and Plaza Theatre, and Morningside Village from Asana for a combined $67.5 million.
In May 2026, the firm paid $17.3 million for two retail collections in Virginia-Highland. By July, a renovation was being planned for Morningside Village, roughly 18 months after the purchase.
The pattern is not complicated: acquire a cluster of established neighborhood properties, operate it and eventually renovate or reposition parts of it.
The firm is led by CEO Shak Presswala, Chief Investment Officer Andrew Shaw and Chief Operating Officer Noah Peeters, all former Jamestown executives. That is a team with prior experience operating prominent intown retail and Beltline properties.
A property marketed repeatedly since 2023 and sold twice since 2024 finally reached the buyer who already owned nearly everything around it. Asana redeveloped the Krog District and sold it in 2025. Now one Atlanta firm controls the tenant mix there, along with Morningside Village, Plaza on Ponce and two collections of Virginia-Highland storefronts. That concentration is the story. If you operate a business on one of those blocks, the practical question is not only what replaces 116 Krog. It is who now makes the leasing and investment decisions before your next renewal arrives.
