Morgan Property Group Announces the Opening of Two Freestanding Walgreens

Contact Information:
Name: Trey Morgan, Executive Vice President
Company: Morgan Property Group, LLC
Phone: (704) 909-4500
Email: tmorgan@morganpg.com

[FORT LAUDERDALE, FL] — July 2009 — Morgan Property Group, LLC (“MPG”), a leading commercial developer in the Southeastern U.S., is pleased to announce the recent opening of two freestanding Walgreens drugstores in the Florida market. One drugstore, which opened on June 12th, is located at the southeast corner of Bird Road & Hibiscus Street, just east of US1, in Miami, FL. The other drugstore, located at the southeast corner of Semoran Blvd. & Auvers Blvd. in Orlando, FL, opened on July 9th.

Morgan Property Group successfully completed the development and construction of both Walgreens early this summer. Both drugstores provide drive-thru pharmacy services and are relocations of nearby in-line stores.

The store in Miami features a unique “Key West style” architecture and is adjacent to the busy Federal Highway corridor. The store in Orlando is situated at an entrance to the growing Baldwin Park area. There is also additional land in the Orlando project that is actively being marketed for ground lease or build-to-suit.

For over thirty-three years, Morgan Property Group has been in the commercial development business. Headquartered in Fort Lauderdale, Florida, MPG focuses on neighborhood shopping center and single-tenant retail projects anchored by repeat build to suit clients like Walgreens, Publix, Sheetz and McDonalds. MPG, along with its affiliates, has several active development projects in Florida, Virginia, Maryland, Washington, D.C., and the Carolinas. The company has offices in Fort Lauderdale, FL and Charlotte, NC.

Walgreens Co., based in Deerfield, Illinois, is the nation’s largest drugstore chain with fiscal 2008 sales of $59 billion. The company operates 6,658 stores in 49 states and Puerto Rico. Walgreens is expanding its patient-first health care services beyond their traditional pharmacy through Walgreens Health Services and Take Care Health Systems, a wholly owned subsidiary that manages 690 convenient care clinics at Walgreens drugstores.

For more information, please visit Morgan Property Group at www.morganpg.com or contact us by phone at 704-909-4500 to discuss your commercial real estate needs.