The Houston Chronicle reported that Fidelis is buying the 965,000-square-foot property, which it plans to redevelop, in a partnership with New York-based BlackRock.
Meyerland Plaza is home to multiple retail tenants such as Old Navy, Best Buy and Target, but the property, which was built in the 1950s, has gone through ups and down, the Chronicle reports.
The property is reported to have cost $126 million.
