{"id":1004709214,"date":"2024-04-05T03:42:17","date_gmt":"2024-04-05T11:42:17","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004709214"},"modified":"2024-04-05T03:42:19","modified_gmt":"2024-04-05T11:42:19","slug":"oa-development-lands-101-ksf-hq-renewal-in-atlanta","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/","title":{"rendered":"OA Development Lands 101 KSF HQ Renewal in Atlanta"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignright size-medium is-resized\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004709218\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/psjxfpji\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg\" data-orig-size=\"1822,1365\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Peachtree Ridge\" data-image-description=\"&lt;p&gt; Peachtree Ridge&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Peachtree Ridge is a 159,962-square-foot office building. Image courtesy of Transwestern&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg?w=1024\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg?w=300\" alt=\"Peachtree Ridge\" class=\"wp-image-1004709218\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg 1822w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg?resize=768,575 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg?resize=1024,767 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg?resize=1536,1151 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><figcaption class=\"wp-element-caption\"> Peachtree Ridge is a 159,962-square-foot office building currently 64 percent leased<em>. Image courtesy of Transwestern<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>OA Development has signed a 101,891-square-foot lease renewal at Peachtree Ridge, an approximately 160,000-square-foot office property in Norcross, Ga. The tenant is architecture, engineering and construction management company Pond, that has been a tenant at the location since 2005 and is now occupying 64 percent of the building.<\/p>\n\n\n\n<p>Transwestern negotiated on behalf of the owner and it is also overseeing leasing services at the mid-rise. Other tenants at the property include Franzen and Salzano, P.C. and NovaNet Pro, CommercialEdge shows.<\/p>\n\n\n\n<p>Peachtree Ridge is a seven-story, 159,962-square-foot office building at 3500 Parkway Lane that includes 24,000-square-foot floor plates, a conference room, a fitness center, a terrace level and 480 parking spots.<\/p>\n\n\n\n<p>OA Development picked up the asset in 2017 for $18.2 million from seller FCA Partners, according to CommercialEdge. During the same period, the company also secured a $14.4 million loan originated by Ameris Bank, with a maturity date set for July 2025, according to the same source.<\/p>\n\n\n\n<p>The owner completed a series of renovations at the property that resulted in an upgraded lobby, new lighting, refreshed finishes and contemporary artworks. Renovations were led by Merit Construction Co., while Vickers Design Group was in charge of redesigning the lobby. Renovations on the fitness center and conference room are expected to begin this year.<\/p>\n\n\n\n<p>The 12.6-acre office building is situated within the center of Peachtree Corners, 11 miles from Alpharetta, Ga., 20 miles from downtown Atlanta, 23 miles from Marietta, Ga., and within 32 miles of Hartsfield-Jackson Atlanta International Airport.<\/p>\n\n\n\n<p>Transwestern\u2019s team of Senior Managing Directors Chip Roach negotiated on behalf of the ownership and is the leasing broker marketing the property.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-signs-of-improvement\">Signs of improvement<\/h2>\n\n\n\n<p>Atlanta&#8217;s office vacancy rate showed signs of improvement through 2023, reaching 17.4 percent as of November\u2014marking a significant drop from the 20 percent recorded at the beginning of last year, <a href=\"https:\/\/www.commercialsearch.com\/news\/atlantas-office-market-adapts-to-change\/\">recent CommercialEdge data <\/a>shows. In the first two months of 2024, Atlanta&#8217;s office vacancy rate continued to be below the national figure, with the February office vacancy rate set at 17.1 percent, while the national rate settled at 17.9 percent, according to a recent <a href=\"https:\/\/www.commercialedge.com\/blog\/national-office-report\/\">CommercialEdge report.<\/a><\/p>\n\n\n\n<p>Earlier this month, Westbridge and FCP signed a <a href=\"https:\/\/www.commercialsearch.com\/news\/westbridge-fcp-sign-new-tenant-in-atlanta\/\">45,000-square-foot lease <\/a>with Construction Resources at Westside Paper, a recently repurposed property totaling 226,889 square feet in Atlanta&#8217;s West Midtown. The partnership completed the redevelopment of the former paper manufacturing campus in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The tenant&#8217;s initial commitment at the property started in 2005.<\/p>\n","protected":false},"author":2991,"featured_media":1004709218,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1489,21784,21742,21747,32781],"tags":[49735,33118,33313,50857],"class_list":["post-1004709214","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-atlanta","category-brokerage","category-latest","category-office","category-southeast","tag-ameris-bank","tag-oa-development","tag-transwestern","tag-transwestern-real-estate-services"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OA Development Lands 101 KSF HQ Renewal in Atlanta - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"OA Development signed a 101,891-square-foot renewal at Peachtree Ridge, an approximately 160,000-square-foot office property in Norcross, Ga.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OA Development Lands 101 KSF HQ Renewal in Atlanta\" \/>\n<meta property=\"og:description\" content=\"OA Development signed a 101,891-square-foot renewal at Peachtree Ridge, an approximately 160,000-square-foot office property in Norcross, Ga.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-05T11:42:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-05T11:42:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1822\" \/>\n\t<meta property=\"og:image:height\" content=\"1365\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Simona Tudose\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/\",\"name\":\"OA Development Lands 101 KSF HQ Renewal in Atlanta - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg\",\"datePublished\":\"2024-04-05T11:42:17+00:00\",\"dateModified\":\"2024-04-05T11:42:19+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\"},\"description\":\"OA Development signed a 101,891-square-foot renewal at Peachtree Ridge, an approximately 160,000-square-foot office property in Norcross, Ga.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg\",\"width\":1822,\"height\":1365,\"caption\":\"Peachtree Ridge is a 159,962-square-foot office building. Image courtesy of Transwestern\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"OA Development Lands 101 KSF HQ Renewal in Atlanta\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4\",\"name\":\"Simona Tudose\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79\",\"caption\":\"Simona Tudose\"},\"description\":\"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"OA Development Lands 101 KSF HQ Renewal in Atlanta - Commercial Property Executive","description":"OA Development signed a 101,891-square-foot renewal at Peachtree Ridge, an approximately 160,000-square-foot office property in Norcross, Ga.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/","og_locale":"en_US","og_type":"article","og_title":"OA Development Lands 101 KSF HQ Renewal in Atlanta","og_description":"OA Development signed a 101,891-square-foot renewal at Peachtree Ridge, an approximately 160,000-square-foot office property in Norcross, Ga.","og_url":"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2024-04-05T11:42:17+00:00","article_modified_time":"2024-04-05T11:42:19+00:00","og_image":[{"width":1822,"height":1365,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg","type":"image\/jpeg"}],"author":"Simona Tudose","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/","url":"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/","name":"OA Development Lands 101 KSF HQ Renewal in Atlanta - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg","datePublished":"2024-04-05T11:42:17+00:00","dateModified":"2024-04-05T11:42:19+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4"},"description":"OA Development signed a 101,891-square-foot renewal at Peachtree Ridge, an approximately 160,000-square-foot office property in Norcross, Ga.","breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg","width":1822,"height":1365,"caption":"Peachtree Ridge is a 159,962-square-foot office building. Image courtesy of Transwestern"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/oa-development-lands-101-ksf-hq-renewal-in-atlanta\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"OA Development Lands 101 KSF HQ Renewal in Atlanta"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/4659e2337f06b61cefc6b0b897d183a4","name":"Simona Tudose","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/02\/SimonaTudose_AuthorPhoto.jpg?w=79","caption":"Simona Tudose"},"description":"Simona Tudose is an Associate Editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in July 2022 and writes news about industrial, office and manufactured housing sectors. You can reach out to her at simona.tudose@cpe-mhn.com.","url":"https:\/\/www.commercialsearch.com\/news\/author\/simona-tudose\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/04\/psJxFPJI-e1712305514370.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004709214","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/2991"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004709214"}],"version-history":[{"count":5,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004709214\/revisions"}],"predecessor-version":[{"id":1004709272,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004709214\/revisions\/1004709272"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004709218"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004709214"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004709214"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004709214"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}