OA Development

What OA Development does

OA Development is a privately-held integrated commercial real estate firm founded in 1993 and headquartered in Atlanta, Georgia. The firm acquires, develops, and manages office and industrial assets primarily across the Southeast United States, operating through two entities: OA Development, which owns and invests in properties, and sister company OA Management, which provides property management for approximately 1.25 million square feet and beyond.

The company's portfolio strategy targets opportunistic acquisitions of non-core or underperforming office assets in growth-oriented suburban submarkets at prices below replacement cost, followed by value-add execution through capital improvements and active leasing. The portfolio spans suburban Class A and Class B+ office product concentrated in Atlanta, Charlotte, Raleigh-Durham, and (newly entered) Richmond, plus one large industrial/last-mile logistics development (Victory Landing Logistics Center) near Hartsfield-Jackson Atlanta International Airport. Across its history the firm has acquired 22+ commercial properties totaling 3.2 million+ square feet with over $1.3 billion in cumulative transaction volume. Properties are leased through relationships with major CRE brokerage firms (Cushman & Wakefield, Newmark, JLL, Transwestern, Taylor & Mathis).

Revenue is generated through property-level rental income from tenants, asset management and property management fees, and gains from periodic asset sales. The firm offers investment opportunities exclusively to accredited investors via a dedicated investor portal and reports average realized returns of 8% cash-on-cash and 14.35% IRR on exited investments. Tenant roster includes enterprise-grade users such as Murata, Munich Re, PNC, Ameris Bank, McKesson, United Healthcare, and Teradata, providing credit-quality rent rolls. Capital partners for acquisitions include regional banks (Synovus, SunTrust, Hamilton State Bank), institutional lenders (Societe Generale, Grant Street Funding), and at least one equity co-investor (Buligo Capital).

Name

OA Development

Legal name

OA Development, Inc.

Website

https://oadevelopment.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

11–50 employees

Short description

OA Development is a privately-held Atlanta-based commercial real estate firm founded in 1993 that acquires, develops, and manages office and industrial assets across the Southeast, serving accredited investors through value-add opportunistic investment strategies and tenants through leased Class A and B+ properties.

Ownership category

akta.pro rank

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Commercial Real Estate Investment and Management: OA Development generates revenue through the acquisition, ownership, and management of commercial office and industrial properties. The firm invests in opportunistic commercial real estate, adds value through property improvements and active management, and sells assets when business plans are complete. Revenue comes from property appreciation, rental income from tenants, and proceeds from asset sales.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

OA Development is an integrated commercial real estate firm that acquires, owns, and manages Class A and Class B/B+ office and industrial properties throughout the Southeast and Mid-Atlantic United States. The firm targets opportunistic investments in suburban growth markets, executing value-add strategies through capital improvements and active tenant management. Revenue is generated through rental income from leased commercial space, capital appreciation, and proceeds from periodic asset dispositions.

Product overview

OA Development is a privately-held integrated commercial real estate firm founded in 1993 that invests in and manages office and industrial assets throughout the Southeast. The company operates a portfolio of Class A and Class B/B+ commercial properties including office buildings and logistics/industrial facilities. The core product offering consists of individual commercial real estate assets across multiple markets (Atlanta, Charlotte, Richmond, Raleigh-Durham, Cincinnati) totaling millions of square feet. The company also provides property management services through its sister company OA Management, which oversees the operational management of the portfolio including tenant services, building maintenance, and facilities operations.

Differentiator

Problem solved

Functional benefit

Products and services

• 100 City View (Class A Office Building) Class A 11-story office building totaling 253,491 square feet in Atlanta's Cumberland Galleria submarket; built in 2000 with floor-to-ceiling glass windows, on-site café, conference center, fitness center, EV charging stations, and 24-hour concierge reception. Leased to commercial tenants including Murata Electronics as an anchor.
• Stony Point I-III (Office Portfolio) Three-building Class A office portfolio totaling 357,345 square feet in Richmond, Virginia, featuring polished granite and reflective glass exteriors, collaborative common space with WiFi, outdoor seating, and adjacency to Stony Point Fashion Park. Tenants include Ocean Network Express, United Healthcare, Fulton Bank, Shady Grove Fertility, and Ryan Turner Specialty.
• Sugarloaf Corporate Center Three-building Class A office complex totaling 256,593 square feet in Duluth, Georgia, featuring scenic courtyard with outdoor seating and WiFi, conference/training center, and on-site food service.
• Victory Landing Logistics Center Five-building logistics complex offering 700,000+ SF of state-of-the-art last-mile logistics space in Clayton County, Georgia, strategically located adjacent to Hartsfield-Jackson Atlanta International Airport at I-285 with quick access to I-75 interchanges.
• Peachtree Ridge (Office Building) 7-story Class A office building offering 159,962 SF in Peachtree Corners, Georgia, featuring recent renovations, floor-to-ceiling windows, conference center, and on-site health facility. Anchor tenant Pond & Company occupies about 102,000 SF under long-term renewal.
• Preston Ridge IV (Office Building) 6-story Class A office building offering 150,320 SF in Alpharetta, Georgia, positioned at the highest point in Alpharetta with views of Atlanta skyline and North Georgia Mountains, featuring a new fitness facility and conference room.
• 100 Ashford Center (Workplace) 5-story, 162,358 SF workplace in Atlanta's Central Perimeter submarket, featuring recent lobby and common area renovations, fitness center, and café.
• Carmel Park I & II (Office Complex) Two-building Class B+ office complex offering 173,529 SF in Charlotte, North Carolina, featuring over $4 million in recent capital improvements, updated common areas, and outdoor courtyard.
• Summit at Peachtree Parkway (Office Building) 6-story Class A office building offering 179,692 SF in Peachtree Corners, Georgia, featuring natural foliage surroundings, outdoor meeting areas, fitness facility, conference center, and hiking trail access.
• Crestwood Pointe I & II (Office Space) Two-floor contiguous office space offering up to 214,392 SF in Duluth, Georgia, featuring a two-story atrium, conference facilities, and turnkey customizable space.
• Hawthorne Center (Office Building) 134,958 SF office building in Cincinnati's Blue Ash submarket, featuring 9-foot ceilings and executive garage parking with proximity to I-71 and Ronald Reagan Highway.
• 56 Perimeter Center East (Office Building) 94,544 SF office building in Atlanta's Central Perimeter submarket, featuring $1.6 million in renovations and stabilized rent roll at 90% leased.
• Phoenix Park (Office Park) 128,621 SF office park in College Park, Georgia, featuring three buildings with convenient access to I-285, I-85, I-75, and five minutes from Hartsfield-Jackson Atlanta International Airport.
• Royal Phoenix Campus (Flex Buildings) Five single-story Class B flex buildings in College Park, Georgia, featuring immediate access to I-285 and I-75, abundant parking, and full-height floor-to-ceiling glass.
• 3750 Brookside Parkway (Office Building) 105,236 SF two-story Class A office building in Alpharetta, Georgia, featuring 93% average occupancy since 2001 and unrivaled accessibility on Old Milton Parkway adjacent to Georgia 400.
• OA Management (Property Management Services) Sister company of OA Development providing property management services for the firm's portfolio, with mission to create the best workplace for tenant success. Manages 1.25 million+ SF of office portfolio in Georgia and North Carolina including tenant services, building maintenance, and facilities operations.

Quantifiable outcome

• Average 8% cash on cash return and 14.35% internal rate of return for all investments sold

Named customers16 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered minor and core.

• Highwoods PropertiesminorOthersHighwoods Properties sold the Stony Point I-III portfolio to OA Development and Buligo Capital in February 2026. This was a strategic divestiture of non-core office buildings.
• Granite PropertiesminorOthersGranite Properties sold 100 City View in Vinings to OA Development for $50.4 million in August 2025.
• Cushman & Wakefield | ThalhimercoreChannel Partner/ Reseller/ DistributorCushman & Wakefield | Thalhimer has retained exclusive leasing and management responsibilities for the Stony Point office portfolio under new ownership. They also represented sellers in multiple OA Development acquisitions.
• NewmarkcoreChannel Partner/ Reseller/ DistributorNewmark represented Highwoods Properties in the sale of Stony Point I-III to OA Development. Mark Williford, Will Bradley, Evan Wells, Jay O'Meara, Justin Parsonnet, and Ryan Reethof were part of the team.
• Cushman & WakefieldcoreChannel Partner/ Reseller/ DistributorCushman & Wakefield brokered multiple OA Development transactions including acquisitions of Preston Ridge IV, Peachtree Ridge, 100 Ashford Center, and 100 City View.
• JLLcoreChannel Partner/ Reseller/ DistributorJLL represented sellers including CapRidge Partners in the sale of Carmel Park I & II to OA Development. Also represented OA in off-market sales of Imperial Center portfolio.
• HFFcoreChannel Partner/ Reseller/ DistributorHFF marketed properties on behalf of sellers including U.S. Trust/Bank of America for The Park-Huntersville acquisition. HFF has operated out of 26 offices as a leading commercial real estate and capital markets services firm.
• The Spectrum CompaniesminorImplementation/ SI/ Consulting PartnerThe Spectrum Companies retained leasing and management of The Park-Huntersville buildings after OA Development's acquisition, having provided these services for the property for more than 30 years.
• Pope & Land Real EstateminorChannel Partner/ Reseller/ DistributorPope & Land Real Estate handles leasing for 100 City View property. Jennifer Koontz serves as the leasing contact.
• Bridge Investment GroupminorOthersBridge Investment Group was the seller of Stratford Hall and Carlisle Place in Raleigh-Durham to OA Development. Bridge is a privately held real estate investment management firm with $10 billion in assets under management.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Others

• Cushman & Wakefield: Global commercial real estate services firm that brokered multiple OA Development acquisitions (Preston Ridge IV, Peachtree Ridge, 100 Ashford Center, 100 City View) and provides leasing/management for Stony Point. Comparable as the dominant CRE capital-markets and brokerage channel through which OA sources and executes deals.

Broad incumbents

• Cousins Properties: Atlanta-headquartered public REIT operating premium Sun Belt office assets. Comparable product (Class A office), geography (Atlanta/Southeast), and tenant mix (professional services, healthcare, technology), but as a public incumbent versus OA's private, opportunistic mandate.

Direct peers

• Granite Properties: Private commercial real estate investment firm headquartered in Plano, TX with a significant Southeast portfolio. Sold 100 City View (Vinings/Atlanta) to OA Development for $50.4M in Aug 2025, making it a directly comparable private-market CRE investor in the same product and region.
• Highwoods Properties: Public REIT focused on Class A office in the Southeast. Most directly comparable: Highwoods divested the Stony Point I-III portfolio to OA Development for $42.3M in Feb 2026, placing the two firms at the same buy/sell interface in the same product and geography.
• Bridge Investment Group: Privately-held real estate investment manager with approximately $10B AUM. Bridge sold Stratford Hall and Carlisle Place in Raleigh-Durham to OA Development, making it a directly comparable Southeast private-market real estate investor/operator.
• CapRidge Partners: Texas-based private commercial real estate investment firm. Sold Carmel Park I & II in Charlotte to OA Development, making it a directly comparable private CRE investor/operator transacting in the same Southeast office product.
• Pope & Land Real Estate: Atlanta-based commercial real estate investment and management firm handling leasing for OA Development's 100 City View. Operates in the same product (office) and geography (Atlanta/Southeast) with a comparable sub-$500M private firm footprint.
• TPA Group: Atlanta-based commercial real estate investment and management firm focused on office and industrial in the Southeast. Closely comparable private-market operator in the same product, geography, and firm-size tier.
• Childress Klein: Privately-held, integrated Southeast commercial real estate firm (development, acquisitions, management, brokerage) covering office, industrial, retail, and multifamily in GA, NC, SC, TN, and FL—the same geography and integrated platform model as OA Development.
• The Simpson Organization: Atlanta-based private commercial real estate investor that purchased Lakeview 400 Office Park from OA Development in 2019 for $14.7M. Comparable as a private opportunistic Southeast office investor operating in the same product/geography.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/oa-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OA Development