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On June 23, 2026, Stratus Properties Inc. completed the sale of the retail component of Jones Crossing in College…
STRSStratus Properties Inc
On June 23, 2026, Stratus Properties Inc. completed the sale of the retail component of Jones Crossing in College Station, Texas, to Brixmor Operating Partnership LP for $46.5 million in cash. The transaction included 154,092 square feet of retail space and approximately 22 undeveloped commercial acres. After paying selling costs and a $24.0 million project loan, the company received pre-tax net cash proceeds of approximately $21.7 million. Stratus retains the 21-acre multi-family component of the development. The company operates in the real estate industry, focusing on the development and management of commercial and mixed-use properties.