Company News

  • (9.18.17) Assets boast solid tenant rosters and offer strong cash on cash returns - As most of our investors know, OAD’s fundamental work is to acquire and manage real estate assets that provide outstanding annual yields and IRR over the life of the investment. Our broader goal, however, is to provide a friendly and efficient way for our investors to preserve wealth through the unique benefits of real estate...
  • (6.10.17) OA Development relocates to larger office space - We are excited to share with you that we have relocated to a larger office space at 100 Ashford Center, in Atlanta’s Perimeter Center submarket, to accommodate our growing investment portfolio and team. OA Development’s new mailing address: 100 Ashford Center North, Suite 310, Atlanta, GA 30338. Our telephone number and email addresses remain the same....
  • (5.22.17) Steve Berman shares stage with other industry leaders who are shaping Atlanta’s Southside - Steve Berman served as a panelist at Bisnow’s Atlanta’s Southside Rising panel event on May 18, which provided attendees with updates about current and future development around the airport. Click here to read about a few of the trends that emerged from the event.  
  • (3.30.17) OA Development acquires two best-in-class office properties - Assets boast solid tenant rosters and offer strong cash on cash returns Atlanta-based OA Development closed on Peachtree Ridge and 100 Ashford Center, bringing the company’s current portfolio to 2.1 million square feet. Peachtree Ridge is a seven-story, 159,962-square-foot class A/B+ office building that sits in the heart of Atlanta’s Peachtree Corners submarket, surrounded by...
  • (3.30.17) OA expands staff to service ever-growing portfolio - OA Management broadens its property management team As part of our commitment to providing first-class service to our tenants, we are proud to welcome our new employees, listed below: Leaha Adams, Administrative Assistant Anh Thu Dang, Property Administrator Leigh Ann Gantt, Senior Property Manager Nikki MacNeil, Accounting Manager Kayla Medina, Property Administrator Larry Middleton, Building...
  • (3.30.17) Diversifying assets to fully capitalize on a healthy investment portfolio - Our job at OA Development is to identify market opportunities for our investors and understand the opportunities and risks they present. We have a long-standing involvement in the suburban office space environment and have accumulated more than 2.4 million square feet of space for our investors. These 19 assets include leases with more than 150...
  • (11.29.16) OA Development closes on $27.5 million Alpharetta acquisition - Best-in-class development marks company’s 17th acquisition in six years, totaling more than 2.1 million square feet ATLANTA (November 27, 2016) Atlanta-based OA Development closed on Preston Ridge IV, a 150,320-square-foot six-story Class “A” office building in Alpharetta, Ga. The building, which is part of the master-planned Preston Ridge Office Park, is 94 percent leased to 13...
  • (7.22.16) South Atlanta Metro’s unprecedented growth and investment benefits Royal Phoenix and Phoenix Park - The Atlanta Business Chronicle recently released its annual Southside Market Report, which provides a current snapshot of South Atlanta Metro’s (in which Royal Phoenix and Phoenix Park are located) economic development. This year’s report had overwhelmingly positive news about the market, noting that the area has experienced unprecedented growth and investment in the last two...
  • (6.20.16) OA Development hires Accounting Manager - Douglas Hooker joined OA Development as its Accounting Manager, bringing more than 15 years of managerial accounting experience, expertise in accounting systems and procedures, and passion into the office every day. He spent seven years of his career contributing to the finance operations for growing property management businesses, managing the accounting for more than 30 properties, with projects totaling more than $750...
  • (6.18.16) OA Development secures two new leases at One Point Royal, increasing the Alpharetta building’s occupancy to 87 percent - 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...
  • (6.13.16) Aerotropolis Atlanta Community Improvement Districts Receives 2016 Best of Atlanta Award - Aerotropolis Atlanta CIDs Chairs and Co-Chairs pictured from left to right: Vance Burgess, Co-Chair, Chick-fil-A; Natalie Tyler-Martin, Chair, Duke Realty; Steve Berman, Chair, OA Development; and Frank Farrell, Co-Chair, Ackerman & Co. The Aerotropolis Atlanta Community Improvement Districts have been selected for the 2016 Best of Atlanta Award in the Community Organizations category by the...
  • (6.9.16) OA proves to be ahead of the trend with its focus on suburban office, according to leading commercial real estate publication - National Real Estate Investor, one of the industry’s leading media outlets covering trends in the commercial real estate markets, just released its annual list of “Property Types to Invest in this Year,” and suburban offices was at the top of the list. This was likely surprising to many in the industry, who have focused on...
  • (6.8.16) OA Development’s leadership in the Aerotropolis Atlanta CIDs continues to impact economic development in and around Clayton County - Steve Berman participates in Bisnow “Aerotropolis Expansion” panel discussion Steve Berman was asked to participate on Bisnow’s April 19 “Aerotropolis Expansion” panel. The City’s attention has shifted to its Southside as a new urban area, anchored by the airport, comes to life. The panelists cover a range of hot topics including the Aerotropolis Atlanta CIDs,...
  • (5.9.16) OA Development closes on $13.7 million acquisition of 56 Perimeter Center East - OA Development closes on $13.7 million acquisition of 56 Perimeter Center East OA Real Estate raises 100 percent of financing for acquisition within 48 hours ATLANTA (May 9, 2016) Atlanta-based OA Development announced today that it closed on 56 Perimeter Center East, a six-story, 95,000-square-foot office building in Atlanta’s Central Perimeter submarket. The building is 90 percent...
  • (5.9.16) OA Development sells 111 Tri-County Parkway - OA Development sells 111 Tri-County Parkway Purchase achieves high internal rate of return without debt ATLANTA (May 9, 2016) – Atlanta-based OA Development sold 111 Tri-County Parkway, a Class-A office building in Cincinnati, OH, to Wang Brothers on April 8, 2016. The 42,000-square-foot property, built in 1997, is 100 percent occupied by Cincinnati Bell Technology...
  • (3.28.16) Property Administrator to strengthen OA Management’s property management team - Following Candy Walton’s recent promotion to Assistant Property Manager, Brittany Bobbitt was hired as OA Management’s Property Administrator, serving as the first point of contact for OA tenants, vendors, and contractors. She supports the property management team in the management and administrative functions and is involved in all aspects of the daily operations of the...
  • (3.28.16) OA Management expands its engineering team as the company grows its portfolio - L to R: David Peterson, Derek Dalli, Nikolay Zambarov, Lorenzo Taylor, Mitchell Smith OA Management has expanded its engineering team to service the company’s ever-growing portfolio. Below is more information about the team, which protects OA’s investments and ensures tenants’ comfort. Derek Dalli, Chief Engineer: Derek Dalli is OA’s Chief Engineer, overseeing 1.3 million square feet...
  • (3.28.16) OA Development raises 100% of financing for latest acquisition within 48 hours - OA recently announced an investment opportunity for the purchase of a new building, which was oversubscribed within 48 hours. The six-story building is located in the heart of Perimeter Center, Atlanta’s most vibrant office market, and has a solid tenant roster in place for the next 6+ years. The cash flow on the asset is...
  • (12.10.15) OA Development-led joint venture acquires office property in Atlanta’s Northeast submarket - At 214,392 square feet, acquisition marks OA Development’s largest to date ATLANTA (December 14, 2015) – Atlanta-based OA Development closed the acquisition of Crestwood Pointe I and II, two class-A, multi-tenant office buildings located in Atlanta’s Northeast submarket. OA Development closed on the property on December 10, 2015 for $21,250,000. The 214,392-square-foot combined assets, which...
  • (8.14.15) OA Development closes on $14.7 million Alpharetta acquisition - Closing marks company’s 14th acquisition in six years, totaling more than 1.6 million square feet  ATLANTA (August 13, 2015) Atlanta-based OA Development announced today that it closed on 3750 Brookside Parkway, a 105,236-square-foot, two-story brick class “A” office building in Alpharetta, Ga. The building, which was completed in 2001 and offers a high parking ratio, is...

Media Coverage

  • (8.1.17) OA Development Jumping Into Spec Industrial Game - (Bisnow, May 9, 2017) A local office investor is taking a different route in South Atlanta: spec industrial. OA Development is in the planning phases for a 750K SF speculative warehouse facility along Charles Grant Parkway, the main thoroughfare that feeds directly into Hartsfield-Jackson Atlanta International Airport’s international terminal. OA Development has 75 acres along...
  • (8.19.17) Trails proposed for Southside would link to Atlanta Beltline - (Atlanta Journal-Constitution, August 19, 2017) $200,000 study will produce plan for developing network. By Kelly Yamanouchi kyamanouchi@ajc.com East Point is among the cities that contributed funding for a study to develop a plan for a network of trails around Hartsfield-Jackson International Airport. HYOSUB SHIN / AJC 2009 Could the next Beltline be on Atlanta’s Southside? That’s the...
  • (12.8.16) “Resuburbanization?” Alpharetta mid-rise sells for $27.5 million - (Atlanta Business Chronicle, December 8, 2016) Preston Ridge IV, part of that initial wave of suburban office parks that popped up along Georgia 400 during the 1990s, has sold to an Atlanta real estate company for $27.5 million. Atlanta real estate company OA Development paid about $183 a foot for the six-story Preston Ridge IV...
  • (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...
  • (5.13.16) Clayton County Zeroes in on Industries for Growth - (Atlanta Business Chronicle, May 13, 2016) Building upon inherent strengths in areas such as location, transportation infrastructure, and natural resources, Clayton County has targeted several industries for special attention in its economic development efforts. The effort is based largely upon a strategic economic development plan prepared for the county in 2013 by Georgia Tech’s Enterprise...
  • (5.5.16) CBRE Arranges $3.1M Sale of 42,000 SF Office Building in Cincinnati - (REBusinessOnline.com, May 5, 2016) This 42,000-square-foot property is 100 percent leased to Cincinnati Bell Technology Services. CINCINNATI — CBRE Group Inc. has arranged the sale of a two-story office building in Cincinnati for $3.1 million. The 42,000-square-foot property, 111 Tri-County Parkway, is 100 percent leased to Cincinnati Bell Technology Services, which uses the facility as...
  • (4.19.16) Aerotropolis alliance pinpoints districts to spur development in Atlanta airport area - (Atlanta Journal-Constitution, April 19, 2016) The Atlanta Aerotropolis Alliance is targeting specific districts in areas around Hartsfield-Jackson International Airport as potential catalysts for more development in the region. The alliance, which aims to spur and shape development around Hartsfield-Jackson to create an “aerotropolis” business district in the airport region, is completing a blueprint for the...
  • (4.17.16) ‘Aerotropolis’ plan slowly gains speed - (Atlanta Journal-Constitution, April 17, 2016) Hapeville has hopes for city-like hub near Hartsfield-Jackson. BY J. SCOTT TRUBEY STRUBEY@AJC.COM AND KELLY YAMANOUCHI KYAMANOUCHI@AJC.COM It’s a slow takeoff roll, but Hapeville Mayor Alan Hallman sees the development of an “aerotropolis” gaining momentum. Porsche stamped its gilded international nameplate on Hapeville’s doorstep last year, putting the area around...
  • (1.8.16) OA Development-led joint venture acquires office property in Atlanta’s Northeast submarket - (Atlanta Business Chronicle, January 8, 2016) Atlanta-based OA Development recently acquired Crestwood Point I and II, bot in Atlanta’s northeast office submarket. OA Development paid $21.2 million for the 214,392-square-foot combined properties. The buildings are 85 percent leased and count among tenants National DCP (Dunkin Donuts), Bankers Life & Casualty, and Texas Instruments. The buildings’...
  • (9.25.15) Atlanta-based OA Development purchased 3750 Brookside Pkwy - (Atlanta Business Chronicle, September 25, 2015) Atlanta-based OA Development has purchased 3750 Brookside Parkway, a 105-236-square-foot office building in Alpharetta. The building is 92 percent leased and counts among its tenants Aqilent Technologies Inc.; Hi-Rez Studios Inc.; and W. W. Grainger Inc. OA paid $14.7 million for the building. Brand Banking Co. provided the debt....
  • (8.13.15) Behold! Aerotropolis! - (Creative Loafing, August 13, 2015) Turning the no man’s land around Atlanta’s airport into, well, somewhere By Sean Keenan On a sweltering day in early July, under the roar of jets taking off and landing from Hartsfield-Jackson International Airport, College Park broke ground on the city’s first apartment complex in more than 30 years. Executives...
  • (7.24.15) CIDs work to raise Southside commercial property values - (Atlanta Business Chronicle, July 24, 2015) The number of community improvement districts south of the city of Atlanta is growing as more businesses in the area see how improving safety and accessibility contributes to higher property values. By agreeing to tax themselves to raise funds, members of a CID can tackle tasks from landscaping to...
  • (5.25.15) Engage Gwinnett voters on MARTA - (Atlanta Journal-Constitution, May 25, 2015) In the wake of corruption scandals and the financial collapse of its two largest retail centers, business as usual is the order of the day in Gwinnett County. Despite the embrace of transit by the market and the electorate, County Commission Chair Charlotte Nash stands steadfastly against consideration of expanded...
  • (2.6.15) OA Development sells Lakeview 400 Office Park - (Atlanta Business Chronicle – March 6, 2015) OA Development is showing off its knowledge of the Atlanta suburban office market. Atlanta-based OA Development recently sold Alpharetta’s Lakeview 400 Office Park for $14.7 million. The Simpson Organization was the buyer. OA had purchased the two-building office park a little more than three years ago for $10.4...
  • (2.25.15) Airport-area CID effort underway in Clayton - (Atlanta Journal-Constitution) February 25, 2015 Business owners on the Clayton County side of the Atlanta airport said Wednesday they are working to establish a self-taxing group to address infrastructure and other community improvement efforts. Developers including Ackerman & Co. and OA Development are leading an effort to form the Airport South Community Improvement District (CID)....
  • (12.19.14) Are You Ready for TSPLOST 2.0? - (Bisnow December 19, 2014)  As the metro area competes for perhaps the highest profile HQ relo in a decade (Mercedes-Benz), one Atlanta commercial real estate vet’s warning that without transportation investment, these wins will become nonexistent. And this is coming from a man who already owns 1.5M SF of suburban office with designs to double...
  • (12.3.14) Norcross firm makes series of office purchases - (Atlanta Journal Constitution – December 3, 2014) A Norcross-based real estate firm has snapped up its latest suburban office building, part of a series of purchases in a burgeoning portfolio. OA Development said it recently purchased its 13th property — and 11th overall in metro Atlanta — in the past five years. The latest property...
  • (10.20.14) People on the Move: Candy Walton - (Atlanta Business Chronicle – October 20, 2014) OA Development has hired Candy Walton as property administrator for properties in the Southeast, Central, Mid-West and Mid-Atlantic regions.
  • (8.22.14) OA Development Acquires Woodside Center - (bizjournals.com – August 22, 2014) Atlanta-based OA Development has pulled off another bargain purchase in the Georgia 400 office market. OA bought Woodside Center, a two-building development in Alpharetta at Georgia 400 and Mansell Road. OA paid $6.8 million. OA is a value-add investor, buying properties with above-average vacancy but leasing up those buildings up at...
  • (11.7.13) You’ve Got to be in the Game - (bizjournals.com – Nov 7, 2013) Warren Buffett recently offered this maxim: “Being a successful investor is not about having a high I.Q., but it does take a temperament that’s willing to step up and actually act.” Since our first acquisition just nine months after the collapse of Lehman Brothers, we have been investing in recovering...