(12.6.18) OA Development closes on $45.2 million, 197,624 sq. ft. acquisition in Raleigh-Durham

Atlanta-based OA Development (OA) acquired Stratford Hall and Carlisle Place in Raleigh-Durham, NC for $45.2 million. The 197,264-square-foot portfolio is located in Imperial Center, an amenity rich 456-acre park that sits adjacent to the world famous Research Triangle and Raleigh-Durham International Airport. Imperial Center continues to outperform and outpace the region in occupancy and ability to push…

(6.21.18) Atlanta’s OA Development re-enters the Triangle market with $31.4M portfolio buy

(Triangle Business Journal, June 21, 2018) An Atlanta real estate investment firm has re-entered the Triangle market with the acquisition of four buildings in Durham’s Imperial Center, near Research Triangle Park. OA Development paid $31.4 million for the 211,308-square-foot portfolio. The buildings are currently more than 96 percent leased, and existing rents are 7 percent…

(6.20.18) OA Development closes on $31.4 million acquisition in Raleigh-Durham

Firm pairs assets from two sellers to create one 211,308-square-foot portfolio ATLANTA (June 20, 2018) – Atlanta-based OA Development (OA) acquired Imperial Center Portfolio – the Canterbury, Cambridge, Chelsea, and Oxford buildings – located in Raleigh-Durham, NC for $31.4 million. The four-building, 211,308-square-foot portfolio boasts a front-row location in the centrally located and highly amenitized…

(3.7.18) HFF Brokers $62.5M Sale of Office Portfolio in Metro Charlotte

(REBusinessOnline, March 7, 2018) HUNTERSVILLE, N.C. — HFF has brokered the $62.5 million sale of The Park-Huntersville, a five-building office portfolio totaling 395,586 square feet in Huntersville, roughly 15 miles north of Charlotte. The buildings are part of a master-planned mixed-use community with more than 3 million square feet of office, industrial, flex, retail, medical and…

(3.7.18) OA acquires The Park-Huntersville for $62.5 mln

(PE HUB Network, March 7, 2018) OA Development, an Atlanta-based commercial real estate firm, has acquired The Park-Huntersville, a five-building portfolio in North Carolina, for $62.5 million. The seller was U.S. Trust – Bank of America, NA. Patterson Real Estate Advisory Group and Principal Real Estate Investors arranged the acquisition financing. ATLANTA, MARCH 07, 2018 Atlanta-based OA Development (OA) acquired The…

(3.6.18) Atlanta Firm Buys Huntersville Office Buildings for $62.5M

(Bisnow, March 6, 2018) A five-building, 396K SF, Class-A office portfolio in Huntersville was sold for $62.5M to Atlanta-based OA Development, brokerage firm HFF announced. The properties are 91% leased to tenants including Stanley Black & Decker, Amerock, Apex Tool, Ensemble Health Partners and Kellogg’s. “The sale of these high-quality, multi-story office buildings in The…

(3.5.18) OA Development Buys 5-Building Office Portfolio in The Park – Huntersville in Charlotte for $62.5M

(Blau Journal, March 5, 2018) HFF announces the $62.5 million sale of a five-building, Class A, multi-story office portfolio totaling 395,586 square feet within the Charlotte-area community of Huntersville, North Carolina. The HFF team marketed the property on behalf of the seller, U.S. Trust – Bank of America, N.A., as Trustee, and procured the buyer, OA Development. The Spectrum…

(3.2.18) OA Development Snags $63M Charlotte Portfolio

The deal marks the firm’s largest acquisition to date. The Park – Huntersville includes nearly 400,000 square feet of office space and is part of a larger master-planned commercial park.   (Commercial Property Executive, March 2, 2018) by Laura Calugar OA Development has purchased The Park-Huntersville portfolio for $62.5 million. The 395,796-square-foot, five-building Class A…