Commercial Land Sold in Fredericksburg, Virginia

Morgan Property Group, LLC is pleased to announce the sale of commercial land at the northwest corner of Courthouse Road & Rollingwood Drive in Greater Fredericksburg, Virginia.

On July 14, 2016, MPG, through its affiliate Courthouse Road Realty, LLC, sold 0.98 acres of commercial land to Wahenga Watatu, LLC for $475,000 for a proposed retail use.  Coldwell Banker Commercial Elite represented the Buyer in the transaction.  This property is part of The Shoppes at Rollingwood Drive, previously developed by Courthouse Road Realty, LLC in 2010, which also includes a freestanding Walgreens drugstore.

For over thirty-nine years, Morgan Property Group has been in the commercial real estate development and brokerage business. MPG focuses on neighborhood shopping centers, multi-tenant buildings, and single-tenant projects anchored by a variety of national and regional retailers. The company and its affiliates are developing multiple retail, mixed use, and urgent care medical projects throughout the Mid-Atlantic and Southeast.  To find out more, follow Morgan Property Group on Facebook and Twitter @MPG_Development or visit our website at