Stratus properties inc. completes refinancing of lantana place - retail

Austin, texas--(business wire)--stratus properties inc. (nasdaq: strs) (“stratus” or the “company”) today announced the closing of a $29.8 million loan to refinance the construction loan for the retail property at lantana place, a 99,377-square-foot retail property within stratus' mixed-use development project located south of barton creek in austin. stratus wholly owns lantana place. the new loan matures february 1, 2029, has a lower interest rate than the refinanced loan, is interest only for.
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