Stratus properties inc. completes refinancing of jones crossing

Austin, texas--(business wire)--stratus properties inc. (nasdaq: strs) (“stratus” or the “company”) today announced the closing of a $24.0 million non-recourse loan to refinance the loan for the retail property at jones crossing, a wholly-owned h-e-b grocery anchored, mixed-use project in college station, texas, the location of texas a&m university. the new loan matures april 1, 2028, has a lower interest rate than the refinanced loan and resulted in net cash proceeds to stratus of approxim.
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