OA Development has secured two new leases for One Point Royal, a 149,690-square-foot, two-story building located in Alpharetta, Ga. The addition of these two leases, totaling 22,486 square feet, brings the building’s occupancy to 87 percent.
Michael Howell and Matt Davis of Lincoln Property Company Southeast (Lincoln) brokered a new 14,034-square-foot lease for homebuilder Taylor Morrison of Georgia, and an 8,452-square-foot lease for Faithbridge Foster Care. April Parrish and Kirk Diamond represented Faithbridge, and Howell and Davis represented the landlord, OA Development.
“In addition to our experience and success in identifying and acquiring high-quality commercial properties, OA Development is known for its first-rate property management,” said Brian Granath, partner, OA Development. “We maximize our investors’ returns, as we’ve done with One Point Royal, by enhancing a property’s existing buildings, quickly increasing occupancy, and thereby increasing property values.”
When Atlanta-based OA Development acquired One Point Royal in November 2014, it was only 71 percent leased. One Point Royal sits on 7.2 acres and is part of the Royal 400 office park, located 10 miles north of I-285 and 30 minutes from Hartsfield-Jackson Atlanta International Airport. The building also offers easy access to Georgia 400 and North Point Mall.
OA Development has acquired 16 commercial buildings since July 2009, bringing the company’s total square footage acquired to 1.9 million square feet.
About OA Development
OA Development specializes in buying and developing thriving commercial properties, including office buildings, industrial warehouses and flex properties. The company is delivering conservative, solid results for investors during the new economy. www.OADevelopment.com