Murdoch's Ranch & Home will be anchor tenant of new retail development in Mission

MISSION, Texas - Mission city leaders are expecting great things from NewQuest Properties’ development of the old Kmart building on the northeast corner of I-2 and Bryan Road.The Houston-based company is bringing in Montana-based Murdoch's Ranch & Home as the main anchor. It’s the fourth store of its kind in Texas. There will also be a Burlington store. And negotiations are underway for a national restaurant chain to be located in the strip mall. The development is to be called Mission Gateway.At a recent ribbon-cutting ceremony for the development, Teclo Garcia, CEO of Mission Economic Development Corporation, stressed the importance of Anzalduas International Bridge, which is a straight shot south on Bryan Road.“There's an old adage of business that everyone knows. It is location, location, location. This is a great location. Randy talked about it being close to the bridge. Well, the first four months of fiscal year 2022-2023, October, November, December, and January, we had a total about 450,000 cars go southbound from here. You can say pretty much for the most part, there was probably about 450,000 cars coming northbound at that same time, with two or three people in each car. Now we've got over a million people that are crossing and coming through here and going right by this development,” Garcia said.The “Randy” Garcia spoke about was Randy Perez, Mission’s city manager.Jay Sears, managing partner of NewQuest, also spoke at the ribbon-cutting ceremony.“You know, it is a great piece of real estate obviously. It is location, location, location. But it isn't just the real estate that makes real estate work. It is the community that is behind it, that supports it, that really makes a project. We come into a community and we try to build what will match the needs and aspirations of that community. That is our hope here,” Sears said.The attached podcast contains the analysis of Jay Sears, managing partner of NewQuest, and Teclo Garcia, CEO of Mission Economic Development Corporation. Editor's Note: To read the full story go to www.riograndeguardian.com.Go to www.riograndeguardian.com to read the latest border news stories and watch the latest news videos.