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Stratus Properties agrees to sell Jones Crossing retail assets for $46.5 million cash

PUBT·05/28/2026 20:27:31
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Stratus Properties agrees to sell Jones Crossing retail assets for $46.5 million cash
  • Stratus Properties agreed to sell the retail component of its Jones Crossing mixed-use development in College Station, Texas for USD 46.5 million cash.
  • Deal includes 154,092 square feet of retail space, two pad sites under ground leases, and about 22 acres of undeveloped commercial land.
  • Expected pre-tax net cash proceeds seen at about USD 20 million, net of selling costs and repayment of the project loan.
  • Closing targeted for Q2 or Q3 2026; buyer can walk by May 29, 2026, during an inspection period.
  • Seller will retain the 21-acre multifamily component of Jones Crossing, including the underlying ground lease.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Stratus Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000885508-26-000027), on May 28, 2026, and is solely responsible for the information contained therein.