CORPUS CHRISTI – Rainer Realty Investments LP, in a joint venture with CIL2 LLC, has purchased Moore Plaza, a 380,600-sf retail power center at 5425 S. Padre Island Dr.
The Class A center was 99 percent leased at the time of sale. Tenants include Hobby Lobby, Stein Mart, Office Depot/Office Max, Old Navy, and Party City.
Metropolitan Capital Advisors arranged acquisition financing.
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