OA Development Inc
08/13/2015 | Press release | Archived content
OA Development closes on $14.7 million Alpharetta acquisition
August 13, 2015
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-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 to a variety of regional and national tenants including Aqilent Technologies, Inc; Hi-Rez Studios, Inc; W. W. Grainger, Inc.; and Branch Banking &Trust Company. The development offers close proximity to GA 400 and local amenities, including Avalon, Alpharetta's 86-acre mixed-use development.
3750 Brookside Parkway was purchased for $14.7 million. Brand Banking Company provided the debt. The deal was brokered by Jay O'Meara, senior vice president within CBRE's Atlanta Office Investment Properties Institutional Group.
"OA was originally attracted to 3750 Brookside Parkway because of its ideal location in the heart of the vibrant Alpharetta market, as it allows us to offer our investors the opportunity to benefit from the area's unprecedented growth," said Brian Granath, partner. "Alpharetta's submarket rent rates are rising rapidly, yet 3750 Brookside Parkway remains below market, aligning it with OA's successful investment profile."
This is the 14th commercial building that OA Development has acquired in the last six years, bringing the company's total square footage acquired to 1.6 million square feet.
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 in the new economy.
Recent News
-
September 3, 2025CONNECT CRE: Granite Offloads Vinings Office Tower
-
September 2, 2025CoStar: Atlanta office sale shows value of low vacancy rates, desirable market
-
August 29, 2025Atlanta Business Chronicle: Vinings office tower sells for over $50 million amid market upswing
-
August 27, 2025OA DEVELOPMENT ACQUIRES $50.4 MILLION OFFICE BUILDING IN ATLANTA
-
April 3, 2024AJC: In 'humbling' Atlanta office market, any lease signing is a victory
-
September 22, 2022Atlanta-Based Developer To Add Nearly 1 million Sq. Ft. Logistical Hub Adjacent to ATL
-
March 22, 2022OA Management Builds Property Management Infrastructure
-
February 25, 2022A Personal Reflection in Honor of the Late Congressman John Lewis
-
January 11, 2022Westmont Realty Capital Acquires Nine-Building Portfolio in Atlanta
-
December 6, 2021OA Development Sells Premier Office Assets for $120.5 Million
OA Development Inc published this content on August 13, 2015, 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]