OA Development Inc
05/09/2016 | Press release | Archived content
OA Development sells 111 Tri-County Parkway
May 9, 2016
OA Development sells 111 Tri-County Parkway
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 success for OA and its investors," said Brian Granath, OA Development partner. "The project generated an IRR of 9 percent during the five years we owned the property, which is a relatively high IRR to achieve without debt, and, thus very little risk."
This is the third commercial building that OA Development has sold. The deal was brokered by Keith Yearout and Jim Vondran of CBRE.
About OA Development
OA Development specializes in buying and developing thriving commercial properties, including office buildings, industrial warehouses and flex properties. The company is delivering conservative, solid results for investors during the new economy.
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OA Development Inc published this content on May 09, 2016, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on April 22, 2026 at 04:06 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]