(1.8.16) OA Development-led joint venture acquires office property in Atlanta’s Northeast submarket

(Atlanta Business Chronicle, January 8, 2016)

Atlanta-based OA Development recently acquired Crestwood Point I and II, bot in Atlanta’s northeast office submarket.

OA Development paid $21.2 million for the 214,392-square-foot combined properties.

The buildings are 85 percent leased and count among tenants National DCP (Dunkin Donuts), Bankers Life & Casualty, and Texas Instruments. The buildings’ leasing has increased more than 30 percent in the last quarter, and most of the tenants in the two office buildings have long-term leases.