Corpus Christi retail center under new ownership

​​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.