CHARLOTTE, N.C. — Morgan Property Group LLC (MPG) has acquired two sites in Charlotte for the development of new freestanding 7-Eleven stores. One site is located at the northwest corner of North Tryon Street and West Craighead Road and the other is located at the northwest corner of Freedom Drive and Thrift Road. MPG purchased the first site through its affiliate SDC X Tryon LLC from Dream Properties Co. 7-Eleven Inc. signed a 2,490-square-foot lease at the site for a 15-year term. MPG purchased the second site through SDC IX Freedom LLC from E.C. Griffith Co. 7-Eleven will occupy a 2,630-square-foot store upon completion. Construction for both stores is expected to begin in the second quarter and wrap up in the fourth quarter of this year.
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