Asana Partners Acquires SPX Alley From Columbia Ventures For $19 MM

'Strength of all of the entrepreneurs that have opened' in the development led to the 'great sale.'
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Asana Partners recently acquired SPX Alley from developer Columbia Ventures, the Atlanta Business Chronicle Monday first reported (paywall).

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The Charlotte-based real estate company paid $19 million for the 30,000-square-foot retail portion of Studioplex’s Phase II.

It sits under townhomes, being developed by Thrive, that were not included in the sale.

Dillon Baynes, co-founder and managing partner of Columbia, confirmed the sale in an email to What Now Atlanta Tuesday.

“It was a great sale due to the strength of all of the entrepreneurs that have opened here, noting our three anchors, Nina & Rafi, Pour Taproom and Hawkers Street Fare,” Baynes said.

“We’re looking forward to developing the next phase of Studioplex just south of SPX Alley on the Beltline.”

Baynes said the next phase was still in the “planning” stage and would be announced later this year.

Asana has been scooping up major in-town developments.

The firm has added Krog Street Market, Atlanta Stove Works, Midtown Promenade, Morningside Village, The Plaza on Ponce, and several single-story buildings along Edgewood Avenue, to its portfolio in recent years.

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