OA Development News

OA Real Estate makes headlines across the Southeast.


  • AJC: In ‘humbling’ Atlanta office market, any lease signing is a victory

    April 3, 2024

    Office landlords are having to count their blessings, especially when tenants are considering whether to leave or renew their leases. Competition is cutthroat. At the end of last year, nearly a third of all office space in metro Atlanta was either vacant or being shopped around as “sublease” space by tenants with more room than they need.



  • OA Development Sells Premier Office Assets for $120.5 Million

    December 6, 2021

    Sale of seven office buildings in Raleigh, NC, Cincinnati represents proven investment strategies. ATLANTA – OA Development (OA) announces the sale of two office assets. In Raleigh, OA sold a six-building portfolio within Research Triangle Park’s Imperial Center to an institutional buyer for $94 million, or $230 per sq. ft. The transaction closed on November […]

  • Simply the Best: Atlanta Trophy Offices Breaking Price Records

    July 14, 2021

    Investor hunger for new office towers with tenants in hand has pushed per square foot prices in Atlanta to record levels this year. Blackstone set the city’s new pricing record in May when it purchased the majority interest in the Anthem Technology Center tower in Midtown for $719 per SF, according to Transwestern data. Complete […]

  • Commentary: In Praise of The Water Cooler

    April 7, 2021

    There is a culturally iconic place in American business lore, and it is called “The Water Cooler”. In the not-so-distant past, American workers gathered around it to discuss the day’s events, the weekend happenings, the family updates and the latest social buzz. In American business, the water cooler became the cornerstone of a corporate culture. […]

  • OA Management Taps Melody Frcek as VP of Property Management in Atlanta

    January 29, 2021

    Atlanta-based property management firm OA Management has hired Melody Frcek as Vice President of Property Management. In her new role, she will oversee the staff and operations of the 2.1 million-square-foot portfolio of sister company OA Development. Complete Article


  • Consulting Firm Signs 25,347 SF Office Lease in Metro Atlanta

    November 10, 2020

    Consulting firm Merlinos & Associates Inc. has signed a full-floor, 25,347-square-foot office lease at Summit at Peachtree Parkway in Peachtree Corners. The landlord, OA Development, renovated the lobby, corridors and elevators, and added a fitness center and conference center in 2019. The six-story, 179,617-square-foot building is located at 5550 Peachtree Parkway, 22 miles northeast of […]

  • OA Development Named as 2020 Realcomm Digie Award Finalist

    October 22, 2020

    Realcomm | IBcon has been presenting the Commercial Real Estate Digital Innovation “Digie” Awards since 1999 to recognize outstanding companies, real estate projects, technologies and the next generation of smart, connected, high-performance, intelligent building systems. OA Development is recognized as a Finalist for the Best Use of Automation for Investment Management. Winners to be announced […]

  • Real Estate Notebook: Companies are leasing space at two Atlanta suburban office projects

    May 25, 2020

    By Douglas Sams, commercial real estate editor, Atlanta Business Chronicle Real estate deals have slowed amid the Covid-19 pandemic, but at least two suburban Atlanta office developments are seeing a flurry of recent leasing transactions. In Alpharetta, financial services company Merchant e-Solutions has decided to relocate its headquarters to the sprawling Sanctuary Park project, where […]

  • Commentary: Dollar Cost Averaging

    February 20, 2020

    At OA Development, we ask our investors to be mindful of dollar cost averaging. Why? Simply put – we believe it is the smartest investment strategy. We do it ourselves, and we know first-hand the benefits. While we have gained a well-earned reputation for our real estate acumen, we are also keenly aware that nobody, […]


  • OA Development Sells Premier Charlotte Office Portfolio

    December 6, 2019

    CHARLOTTE, NC – OA Development, an Atlanta-based commercial real estate firm, announces the sale of a five-building, Class A, mid-rise office portfolio located in The Park Huntersville, one of Charlotte’s most notable and earliest master-planned, mixed-use communities. The firm sold theportfolio to Healthcare Trust of America, Inc. (NYSE: HTA), an Arizona-based healthcare REIT, for $81.5 […]

  • In Airport City Project, College Park Looks Backward to Move Forward

    November 29, 2019

    For 32 years, Charles Price cut hair at the corner of Harvard Avenue and Conley Street in College Park. For 30 years before that, it was his father’s barbershop. Now, it’s empty. The shop closed in September, after the city purchased the land with plans to build a massive mixed-use development on 375 acres that […]

  • OA Development Acquires Two-Property Portfolio in Charlotte

    November 5, 2019

    Recently renovated Carmel Park I and II positioned for long-term success. ATLANTA – OA Development, a privately-held commercial real estate firm, announces the acquisition of Carmel Park I and II in Charlotte, North Carolina for $36,175,000. The two-property, Class B+ portfolio represents 173,068 square feet of office space in one of Charlotte’s fastest growing office […]

  • OA Development Sells Office Building Near SunTrust Park

    July 18, 2019

    OA Development, a privately-held commercial real estate firm, announces the sale of 2400 Lake Park, a Class B office building just off Cobb Parkway near SunTrust Park, home of Major League Baseball’s Atlanta Braves.

  • Opinion: Here’s what really happened in Gwinnett vote

    April 13, 2019

    Gwinnett County leadership pulled an end run around citizens last month when they held a referendum on a tax to enter the MARTA system.



  • 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 […]


  • 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 […]


  • 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 […]


  • 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 […]