(5.13.16) OA Development Buys 56 Perimeter East

(Atlanta Business Chronicle, May 13, 2016) Atlanta-based OA Development recently bought 56 Perimeter Center East, a six-story office building in Atlanta’s Central Perimeter. OA paid $13.7 million.

The Simpson Organization is the seller. Renasant Bank provided the debt, which was arranged by Paterson Real Estate Advisory Group.

It’s the 16th commercial building that OA Development has acquired since July 2009, bringing the company’s total portfolio acquired to 1.9 million square feet.

In Atlanta, OA Development specializes in buying and developing primarily suburban commercial properties, including office buildings, industrial warehouses and flex properties.