Morgan Property Group, LLC is pleased to announce the sale of commercial land in Dallas, Georgia and a retail building in Sandy Springs, Georgia, both formerly owned by Walgreen Co., to Cornerpoint Partners, LLC (“Cornerpoint”).
On December 8, 2015, Cornerpoint purchased 1.37 acres of vacant land at the northwest corner of Dallas Acworth Highway and Cedarcrest Road in Dallas, GA. Retail Net Real Estate represented the Seller, Walgreen Co., and General Realty Partners, LLC, a brokerage arm of MPG, represented the Buyer. This land has 250’ frontage along Dallas Acworth Highway and is across from a Kroger anchored retail center. In addition, Paulding County is in the design phase of widening Cedarcrest Road to four lanes.
Also on December 8th, Cornerpoint purchased a 13,650 sq.ft. former Walgreens drugstore located at the southeast corner of Roswell Road and Vernon Woods Drive NE in Sandy Springs, GA. Retail Net Real Estate represented the Seller, Walgreen Co., and General Realty Partners, LLC represented the Buyer. The building was built in 2009 and allows for drive-thru service.
Both properties are currently available for sale and/or lease. For information on these properties, call John Stamm at (704) 909-4500 or Clark Copelin at (207) 939-6086.
Cornerpoint Partners is a real estate development and investment partnership with offices in Atlanta, Miami and Washington, D.C. In addition to managing our current portfolio of properties, Cornerpoint is actively pursuing development opportunities in the Southeast and Mid-Atlantic regions. Cornerpoint specializes in mixed-use, retail and industrial properties with a focus on capital preservation and long-term value creation.
For over thirty-eight 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 www.morganpg.com.