(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…

(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…

(1.19.18) Atlanta’s Odds Are Strong, But ‘Conservative Culture’ Could Hamper Amazon HQ2 Chances

(Bisnow, January 19, 2018) When it comes to Amazon HQ2, it is of little surprise Atlanta made the Top 20. The city hits item after item on the retail giant’s RFP wish list. Business-friendly environment? Check. Plenty of development sites? Check. Educated labor pool with strong universities? Check. International airport? Check. But as Georgia races…