Fidelis Realty Partners has announced the purchase of 965,000 square- foot Meyerland Plaza from Ronus Properties for $126 million last week and they will close the deal in mid-September. Meyerland Plaza brings their current portfolio of commercial real estate to approximately 5 million square feet, with over 2 million square feet under acquisition, development or pre-development.
CEO Alan Hassenflu, a resident of Southside Place, serves as the Managing Principal and CEO of Fidelis. "Over the next five years, it is likely we will add major merchants to Meyerland that are presently not in the area," Hassenflu says. "Meyerland is a stable and dominant shopping center for the communities in near southwest Houston, including Southside Place. Fidel is will continue to keep Meyerland dominant and vibrant, and when an opportunity arises, we will add desirable merchants to the mix so that area residents will have a convenient and wide variety of fine shopping, dining and service destinations."
Lynn Davis, Principal and Chief Marketing Officer, "We don' t usually have events at our shopping centers but this shopping center is different. We're going to continue to do the special events that have been in place, including the Fire Truck Pull for Special Olympics.
“I know it is a very busy shopping center," Davis says. "Our hope and our plan is to have a seamless change. We are long-term, local owners and we want to keep that shopping center just as great as it is today. We have high hopes to make it even better.
