[HOPEWELL, Virginia] – January 2017 – Morgan Property Group, LLC (“MPG”) is pleased to announce the sale of commercial land at the southwest corner of Oaklawn Blvd. & Ashland Ave. in Hopewell, Virginia.

On January 12, 2017, MPG, through its affiliate Hopewell I Realty, LLC, sold 0.839 acres of commercial land to C D Restaurants, Inc. for $475,000 to be developed as a Captain D’s Seafood Restaurant.  Clarke Jones, III of Jones Realty and Construction Corp. represented the Buyer and Seller in this transaction.  This property is part of Ashland Point Plaza, which includes a freestanding Walgreens drugstore previously developed by Hopewell I Realty, LLC in 2008.

Headquartered in Nashville, Tennessee, Captain D’s (www.captainds.com) owns, operates and franchises 518 restaurants in 21 states, plus military bases around the world. Captain D’s offers its customers great seafood at reasonable prices in a warm and inviting atmosphere. Captain D’s restaurants serve a wide variety of fish and seafood, including freshly prepared entrees, and the company’s signature hand-battered fish fillets, which are prepared to order. The restaurants also offer premium-quality grilled fish, as well as shrimp, chicken, an expanded selection of home-style side dishes, hush puppies, desserts, and freshly brewed, Southern-style sweet tea.

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 www.morganpg.com.

There are two remaining outparcels still available for lease, build-to-suit, or sale.  For information regarding these outparcels, please call George Morgan of Morgan Property Group at 954-522-6010.