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National  + North Carolina  + Office  |  November 11, 2019
David Cohen
By: David Cohen

OA Development Acquires Charlotte Office Portfolio for $36M

Privately-held commercial real estate firm OA Development has acquired Carmel Park I and II, a two-property office portfolio in Charlotte for $36.1 million.

Located at 11111 and 11121 Carmel Commons Blvd., the 173,068-square-foot portfolio is currently 93% occupied by a 45-tenant roster that includes health care, real estate, financial services, engineering, insurance, technology and other professional services. OA Development now owns 13 properties totaling nearly one million square feet in the North Carolina market.

Ryan Clutter, Chris Lingerfelt, Scot Humphrey and Zack Drozda of JLL represented the seller, CapRidge Partners, in the transaction.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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