New Road Brings New Money
Lakeview 400, Atlanta, GA
from BisNow Atlanta
With Westside Parkway opening up soon, nearby properties stand to become more high profile. And that's attracting cash. An Atlanta investment firm with ties to Israeli money has purchased the Alpharetta offices of payroll services firm ADP.
OA Development bought Lakeview 400, a two-building, 135k SF office (2555 and 2575 Westside Pkwy in Alpharetta) for $10.4M, or nearly $77/SF, from NY-based Sentinel Real Estate Corp. Resource Real Estate's Tom Shafer brokered the sale. OA's Steve Berman tells us Lakewood 400 is the capstone on a flurry of investment activity in the past 13 months, including its purchase of a 100k SF lab space on Bluegrass Parkway and 2400 Lake Park Dr in Smyrna. Lakeview 400 is a little over 85% leased with half that space the home of ADP
OA Development's Connection with
Foreign Investors Pays Off
Lakeview 400, Atlanta, GA
OA Development has acquired 400,000 square feet of commerical real estate properties in less than 13 months, several of them with Israeli Investors.
Click to Read the Press Release
OA Development Makes a
"Georgia 400" Acquisition
1200 Bluegrass Lake Parkway, Alpharetta, GA
OA Development Partner, Steve Berman announced today that the Atlanta-based commercial real estate development company closed on a 94,000 square foot office building along the Georgia 400 corridor in Alpharetta, GA
Click to Read the Press Release
OA Development & Israeli Partners Invest in NW Atlanta Property
2400 Lake Park, Smyrna, GA
OA Development Partner, Steve Berman announced today that the Atlanta-based commercial real estate development company closed on a 104,000 square foot 4-story office building in northwest Atlanta
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OA Development Acquires a Fully Leased Cincinnati Property
Cincinnati Bell Technology Solutions in Springfield (Cincinnati), Ohio
OA Development Partner, Steve Berman announced today that the Atlanta-based commercial real estate development company closed on a 41,930 square foot building in Cincinnati, OH.
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Flight of the Phoenix
from Real Estate Rooster™ Atlanta
February 1, 2011
Phoenix Business Campus near Hartsfield Jackson International Airport
With OA Development's recent acquisition of Royal Phoenix Business Center and Phoenix Business Campus near Hartsfield Jackson International Airport, Resource Real Estate Partners' Michael Howell and Nathan Pramik are preparing for more tenant arrivals.
Howell and Pramik lead marketing efforts for OA Development's new properties, which include 78,948 square feet at Royal Phoenix Business Center, acquired from a private investor for $3.4 million, and the 78,468-square-foot Phoenix Business Campus acquired from Berkadia Commercial Mortgage for $2.4 million. OA, which employs a mix of Israeli and local capital, used only equity in acquiring the airport area properties, which are 40 to 45 percent leased.
Capital improvements already have begun at the Phoenix Parkway office/flex developments, and renewed landscaping and other cosmetic improvements will commence this spring as the two formerly separate properties will now be marketed together. Howell and Pramik expect interest from aviation-related companies and other national and international prospective tenants who need quick airport access. Of course, economics come into play, too.
"We're fortunate to have an owner with no debt on the property and a lower basis than many surrounding owners, so we'll be able to offer more TI and a lower base rent," Howell said.
For Israeli Investors, Atlanta Office Deal Yields Dividents
from GlobalAtlata.com
November 5, 2009
Israeli Investors Find Opportunities in U.S.; One Joins U.S. Firm in Southern CRE Deals
from the REIT.com / Real Estate Law & Industry Report
August 25, 2009
Israel Investments, Interest Rising
from the Atlanta Business Chronicle
Friday August 7, 2009
Israeli real estate investors are increasingly turning to Atlanta and the Southeast for deals – in no small part, thanks to the efforts of Arnall Golden Gregorys LLP’s Israel Team, founded four years ago to facilitate cross-border investment.
In late July, Israel-based real estate investment firm Profimex Ltd. joined Atlanta-based OA Development to purchase three suburban office buildings total 110,000-square-feet in the Northwoods Business Center for $5.6 million, or $51 per-square-foot. The buyers brought $3 million in overseas equity to the deal.
OA Development Acquires an RTP Property
OA Development is pleased to announce the acquisition of the 200 Alexander Drive building in the Research Triangle Park, North Carolina. The building is 47,290 square feet of light manufacturing and office space that sits on 18 acres. Bekaert, the Belgium based global market leader in advanced metal transformation and advanced materials and coatings currently leases 25,000 square feet in the building. OA development will be leasing out the remaining square footage.
Pleasant Grove Business Park
Colliers Pinkard and OA Development recently hosted a bus tour of National Association of Industrial and Office Properties (NAIOP) attendees to introduce Pleasant Grove Business Park.
