Cornerpoint Announces Acquisition of 10 Parcels from Walgreen Co.

Cornerpoint Partners, LLC (“Cornerpoint”) is pleased to announce its recent acquisition of ten (10) parcels of vacant land from Walgreen Co. The properties, located in Georgia, Florida and North Carolina, are generally 2-acre corner parcels at signalized intersections across from shopping centers anchored by Publix, Kroger or other neighborhood retail centers. Cornerpoint expects to develop, lease or sell the properties.

“These properties are ideally located for any retailer or business, offering great visibility and frontage on major roadways.” said Gerard Gunthert, a Partner at Cornerpoint. “We look forward to the opportunity to bring new retailers to these areas. “

The transaction took place with the assistance of Fog Capital, Inc., also based out of Atlanta, GA, and an affiliate of Morgan Property Group, based out of Charlotte, NC.

Cornerpoint Partners is a real estate development and investment partnership with offices in Atlanta, GA, Coral Gables, FL and Silver Spring, MD.

For over thirty-eight years, Morgan Property Group has been in the commercial real estate development and brokerage business. MPG focuses on neighborhood shopping center and single-tenant retail projects for repeat national clients such as Walgreens, Publix, 7-Eleven, and McDonalds. The company and its affiliates are developing multiple retail, mixed use, and medical development 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 www.morganpg.com.