A commercial real estate company out of Charlotte has raised $1,020,000 from 10 investors in a private equity offering, according to a filing with the Securities and Exchange Commission.

Morgan Property Group, founded in 1977, is a full service commercial real estate development and brokerage company.

MPG focuses on neighborhood shopping centers, multi-tenant buildings, and single-tenant projects anchored by a variety of national and regional retailers. Some of MPG’s repeat build-to-suit clients include Publix, Walgreens, McDonald’s, Starbucks, Wendy’s, KFC, Bank of America and 7-Eleven.

According to the Form D, approximately $10,000 will be used for payments to executive officers, directors or promoters. The offering is not being made in connection with a business combination transaction, and is not intended to last more than one year.

On Feb. 21, Morgan Property Group announced its acquisition of about 18 acres of land from United Dominion Realty Trust Inc. in Hanover County, Virginia. MPG plans to develop a shipping center anchored by Publix.

Construction of the project is expected to start this summer and will open in the fall of 2018.

The company claimed a Rule 506 (b) exemption for the filing. Companies relying on the Rule 506 exemption do not have to register their offering of securities with the SEC, but they must file a Form D electronically with the SEC after they first sell their securities.