Richmond, Virginia
Stony Point I – III is a three-building 357,345 square foot best-in-class portfolio located in Richmond, VA. The buildings are well-positioned among executive housing in an amenity rich submarket, adjacent to a growing medical campus, at the gateway of the fastest growing county in VA, and with excellent access to the entire MSA.
Our deep-rooted experience drives our firm’s investment instincts. Our proven investment record defines us as investment and management partners with the highest standards of integrity.
Our ApproachOur TeamAn Atlanta firm has acquired a three-building office park in Richmond, Virginia, for its first investment in the market. OA Development paid $42.3 million for 8730, 9020 and 9030 Stony Point Parkway, three mid-rise buildings that together total 357,345 square feet. The deal with the seller, Highwoods Properties, came out to nearly $120 per square foot.
Granite Properties sold 100 City View in Vinings for $50.4 million. The Atlanta Business Chronicle reports OA Development acquired the property after taking out a $32.5 million acquisition loan with Grant Street Funding. 100 City View was built in 2000 and is located less than two miles from The Battery Atlanta.
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