Damian Justice Olvera

Peterson Development Company

Gulfway Shopping Center

Gulfway Shopping Center was built in 1960. It occupies 14 acres of land at the corner of S. Padre Island Drive (SPID) and Airline Rd. Gulfway offers more than 166,000 square feet of retail and office space, and is anchored by Sprouts Grocery, the #2 top-selling Jason’s Deli in the USA, Wells Fargo Bank, and other long-term tenants such as Panjo’s Pizza, Firestone, and the US Post Office. Daily traffic estimates by Gulfway along SPID are 100,000, and along Airline are 40,000, which provides our business with maximum street-level exposure. Check for Availability

Merchant List:

Site Plan



Stores with a Story: Panjo’s Pizza Parlor

Panjo’s Pizza Parlor has been family owned and operated at Gulfway Shopping Center since 1964. The small pizza parlor became the first to deliver pizza in Corpus Christi, TX. Urban development south and east of Corpus Christi put the small pizza parlor in the center of an expanding city. The small parlor became a local hot spot for families and tourists.

Jimmie Garret bought the company in 1991, leaving an everlasting tradition of great pizza and service for families to gather around for three generations. Panjo’s has kept the original menu since 1964, along with additional items that were integrated in time. Jimmie was known for sampling his product several times before purchasing them. Panjo’s has kept the same quality in taste and texture for the past 50 years that has brought them raving reviews.

Bubba Jacobs, long time pianist for Panjo’s Pizza Parlor.

Panjo’s Pizza brought great memories for residents and tourists in Corpus Christi. Families would gather around the wooden tables and sing along to old time classics led by local legend, “Bubba” Jacobs. His piano skills were cherished by the community every Friday and Saturday. Bubba led 50 years of “Cheers” and countless good times for families and friends to enjoy.

Panjo’s family environment and quality of food has brought them sustained success for over 50 years. They look forward to keeping the same family atmosphere that Jimmie left. They are still located at the Gulfway Shopping Center on the corner of Airline and S.P.I.D. serving the thin and crispy pizzas our community has enjoyed since 1964.


Partnering with Retail Business Since 1950

Peterson Development Company (PDC) was founded in Corpus Christi, TX, in 1950 by Ray Peterson.  Ray began his own entrepreneurship in the grocery business with a store called Peterson Brothers. His property management career began with the building of Portairs Shopping Center in the early 1950s, followed by Woodlawn, South Park, and finally Gulfway Shopping Center in 1960.  Portairs, Woodlawn, and Southpark were eventually sold.  Bill J. Brown, Ray’s son-in-law, joined PDC as manager in the early 70’s and built Crossroads Shopping Village in 1977, followed by Meadow Oaks Shopping Center in 1987.  Bill’s son Reagan has managed PDC since the mid 1990’s, with the help of Ray’s daughter Patty Nuss.  They are recently joined by Patty’s son David Nuss.
Peterson Development Company continues to be proudly family-owned and managed.  In addition to managing Gulfway, Crossroads, and Meadow Oaks Shopping Centers. PDC is developing additional commercial properties in Corpus Christi, as well as the Rancho Vista housing development. We believe that Corpus Christi has a bright future and that successful local businesses are the heartbeat of our shared community.