OA Development News

OA Development makes headlines across the Southeast.

2022

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2020

2019

2018

2017

  • OA Development acquires three best-in-class office properties

    March 30, 2017

    Assets boast solid tenant rosters and offer strong cash on cash returns Atlanta-based OA Development closed on Preston Ridge IV, Peachtree Ridge, and 100 Ashford Center, bringing the company’s current portfolio to 2.1 million square feet. Preston Ridge IV is a 150,320-square-foot six-story Class “A” office building in Alpharetta, Ga. The building, which is part of the master-planned Preston […]

2016

  • OA Development closes on $27.5 million Alpharetta acquisition

    November 27, 2016

    Best-in-class development marks company’s 17th acquisition in six years, totaling more than 2.1 million square feet 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 regional and national […]

  • OA Development closes on $13.7 million acquisition of 56 Perimeter Center East

    May 9, 2016

    OA Real Estate raises 100 percent of financing for acquisition within 48 hours 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 leased and has averaged single-digital vacancy rates for much of its history, with in-place […]

  • OA Development sells 111 Tri-County Parkway

    May 9, 2016

    Purchase achieves high internal rate of return without debt 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 Solutions, which recently extended its lease. “111 Tri-County was a financial […]

2015

  • OA Development closes on $14.7 million Alpharetta acquisition

    August 13, 2015

    Closing marks company’s 14th acquisition in six years, totaling more than 1.6 million square feet 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 92 percent leased […]

  • OA Development Sells Lakeview 400 in Alpharetta

    February 24, 2015

    Sale rewards investors with 25 percent IRR OA Development sold Lakeview 400 Office Park in Alpharetta, Ga. to The Simpson Organization for $14.7 million. OA purchased the two-building office park for $10.4 million in December 2011. Upon purchase, the property was 88 percent leased. ADP recently renewed its lease for the company’s 73,265-square-foot location through […]

2014

  • OA Development closes on $13.7 million North Fulton acquisition

    November 18, 2014

    Closing marks company’s 13th acquisition in five years, totaling more than 1.6 million square feet Atlanta-based OA Development announced today that it closed on One Point Royal, a one-building development situated along the North Point Parkway corridor in Atlanta’s North Fulton submarket. The 149,690-square-foot, two-story asset, which was constructed in 1996, is 71 percent leased […]