Mid-Atlantic Commercial Properties Announces Walgreens Opening

Contact Information:
Morgan Real Estate, Inc.
954-563-8600
954-563-9566
tmorgan@flaprop.com

FORT LAUDERDALE, Florida (January 25, 2005) BROOK ROAD REALTY, LLC, managed by Mid-Atlantic Commercial Properties, is pleased to announce the opening of a Walgreens Drugstore in Henrico County, Virginia. The drugstore is 14,820 square feet and is located at 9801 Brook Road, at the corner of Brook Road and Virginia Center Parkway. Walgreens is situated on a 1.92-acre site and has two drive-thru lanes.

"Walgreens will continue to enhance its reputation for quality customer service with the opening of this new location in Henrico County," said Trey Morgan, President of Mid-Atlantic Commercial Properties.

Mid-Atlantic Commercial Properties, LLC is an affiliate of Florida Property Investment Partners, Inc., a licensed real estate broker and commercial developer based in Fort Lauderdale, Florida. The company, along with its partner, Morgan Real Estate, Inc., focuses on shopping center and single-tenant commercial development, investment brokerage, and 1031 exchanges. The companies have active development projects in Virginia, Nashville, and Florida, and are a preferred developer of Walgreen Co.

For more information, please see the Company website at www.flaprop.com.

Walgreen Co. is the nation's largest drugstore chain with fiscal 2004 sales of $37.5 billion. The company operates 4,683 stores in 44 states and Puerto Rico, and plans to open about 450 new stores nationwide in fiscal 2005. Walgreens also provides additional services to pharmacy patients and prescription drug plans through Walgreens Health Initiatives (a pharmacy benefits manager), Walgreens Mail Service, Walgreens Specialty Pharmacy and Walgreens Home Care.

For more information, please see the Company website at www.walgreens.com.