(2.6.15) OA Development sells Lakeview 400 Office Park

(Atlanta Business Chronicle – March 6, 2015) OA Development is showing off its knowledge of the Atlanta suburban office market.

Atlanta-based OA Development recently sold Alpharetta’s Lakeview 400 Office Park for $14.7 million. The Simpson Organization was the buyer.

OA had purchased the two-building office park a little more than three years ago for $10.4 million, before occupancy and rents in the Ga. 400 office market began to climb.

Lakeview counts among its tenants ADP, which recently renewed its lease for 73,265 square feet.

ADP would remain in Lakeview through 2020. OA Development has acquired 13 commercial properties since July 2009 bringing the company’s total square footage to about 1.5 million square feet.