Fidelis, BlackRock Pay $126M For Houston Shopping Center

Law360, New York (July 26, 2013, 4:39 PM EDT) -- A partnership between Fidelis Realty Partners Ltd. and global asset manager BlackRock Inc. said Friday it has acquired an upscale shopping center in Southwest Houston from Ronus Properties for a reported $126 million, expanding Fidelis’ robust commercial realty holdings in the city.

Fidelis and BlackRock picked up Meyerland Plaza, which boasts 965,000 square feet of retail space located at the 610 Loop and Beechnut Road and is nearly completely leased to tenants including Target Corp., Bed Bath & Beyond Inc., JC Penney Co. Inc. Pier 1 Imports...
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