FORT WORTH–Fort Worth-based Morris Capital Partners has acquired Morrison Crossing in Brownsville, Texas.
Shadow-anchored by Home Depot, Academy and Kohl's, the 96,713-square-foot center is located on US 83/77 in north Brownsville, catering to a large trade area including parts of Mexico.
“I like the economy and demographics of South Texas,” says Bill Morris, principal at Morris Capital Partners. “I am very familiar with the region as a result of my involvement with the redevelopment of La Palmera in Corpus Christi.”
Morris Capital partnered with The Clower Co. of Corpus Christi on the acquisition.
“The Clower Group is a fourth-generation real estate company and has a lot of experience and established relationships in the Valley region of South Texas,” Morris says. “We anticipate this will be the first of many acquisitions together.”
Founded in 2010 by Bill Morris, Morris Capital Partners now owns 10 shopping centers, operating more than 1 million square feet in five states.
Reps with the firm were unable to offer more details on the transaction by press time.
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