Asana Unloads Atlanta Mixed-Use Property

Westwood Financial acquired Glenwood Park at 924 Garrett St. in Atlanta for $25.5 million. The property features approximately 48,633 square feet of street-level retail space within a mixed-use development that includes 375 privately owned condos, townhomes, and 30,000 square feet of leased office space. The condos and townhomes were not part of the deal. Glenwood Park touts a 90% occupancy rate. Tenants include the Gunshow restaurant and Jeni’s Splendid Ice Creams.

Asana Partners was the seller. In 2018, Asana paid Core Realty $18.1 million for the property and has held it since.

Westwood Financial’s portfolio includes more than 125 shopping centers across the U.S. Inside Atlanta’s Perimeter, it owns Village Place at Brookhaven, Trinity Square in Decatur and Decatur Crossing. 

Asana has been actively involved in Atlanta. Properties it owns include Krog Street Market, Midtown Promenade and Plaza on Ponce.