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Get filing alertsStratus completes $46.5M Jones Crossing retail sale, netting $21.7M toward liquidation
Filed June 26, 2026 · Period ending June 23, 2026 · ~1 min read
Key Changes
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Sold Jones Crossing retail property for $46.5M cash; netted $21.7M after debt payoff and costs, representing fourth asset sale under stockholder-approved liquidation plan
Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR → -
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Property included 154,092 sq ft of retail (anchored by H-E-B grocery), two ground-leased pad sites, and 22 undeveloped acres with potential for 104,750 additional sq ft
Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR → -
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Retained separate 21-acre multi-family component of Jones Crossing and its ground lease; buyer assumed seller's ground lease obligations for retail portion
Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR →
Summary
Stratus Properties closed the sale of its Jones Crossing retail property in College Station, Texas to Brixmor Operating Partnership for $46.5 million in cash on June 23, 2026. After paying off the project loan and covering selling costs, the company netted approximately $21.7 million in pre-tax proceeds—roughly 47% of the gross sale price, indicating substantial debt was retired.
The sold assets comprised 154,092 square feet of operating retail space anchored by an H-E-B grocery store, two ground-leased pad sites, and 22 undeveloped commercial acres with development potential for up to 104,750 additional square feet and seven retail pad sites. This transaction marks the fourth stabilized retail project sale under Stratus's Plan of Liquidation, which stockholders approved on June 1, 2026.
Under that plan, the company will dissolve and conduct an orderly sale of substantially all assets, distributing net proceeds to stockholders after satisfying liabilities. Stratus retained the separate 21-acre multi-family component of Jones Crossing and its associated ground lease, allowing the company to monetize retail assets while maintaining its residential investment in the development. The $21.7 million in net proceeds advances the liquidation timeline and provides capital for distribution to stockholders as the company continues to wind down operations.
Section-by-Section Diff
Event · Item 2.01 — Completion of Acquisition or Disposition of Assets
Item 2.01 — Completion of Acquisition or Disposition of Assets filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
On June 23, 2026, College Station 1892 Properties, L.L.C. (Seller), a Texas limited liability company and a wholly-owned subsidiary of Stratus Properties Inc. (Stratus), completed the previously disclosed disposition of certain real and personal property associated with the retail component of Jones Crossing, including undeveloped commercial acreage, to Brixmor Operating Partnership LP, a Delaware limited partnership (Purchaser), for a purchase price of $46.5 million in cash. At closing, Purchaser also assumed Seller’s rights and obligations as tenant under the ground leases underlying the property.
Stratus completed the sale of the retail portion of its Jones Crossing mixed-use development in College Station, Texas to Brixmor for $46.5 million cash. The buyer also assumed the seller's ground lease obligations for the property.
Added in current filing · verify on EDGAR →
Following the sale, Stratus retains the 21-acre multi-family component of Jones Crossing, including the ground lease underlying the multi-family property.
Stratus continues to own the 21-acre multi-family portion of Jones Crossing, including the ground lease for that component. This partial disposition allows the company to monetize the retail assets while maintaining its residential investment in the development.
Event · Item 8.01 — Other Events
Stratus Properties completed the sale of Jones Crossing – Retail for $46.5 million.
Added in current filing · verify on EDGAR →
Stratus Properties Inc. Completes Sale of Jones Crossing – Retail for $46.5 Million.
Stratus Properties completed the sale of its Jones Crossing – Retail property for $46.5 million. Note: these figures were previously disclosed in the company's May 28, 2026 8-K.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
The transaction represents continued progress in implementing Stratus’ plan of complete liquidation and dissolution (“Plan of Liquidation”), which Stratus’ stockholders approved at Stratus’ 2026 annual meeting on June 1, 2026 and which was previously approved by Stratus’ Board of Directors (“Board”). The Plan of Liquidation provides that Stratus will be dissolved and will conduct an orderly sale of all or substantially all of its assets and distribute the net proceeds to Stratus’ stockholders, subject to payment of or reasonable provision for Stratus’ liabilities and obligations.
This sale advances the Plan of Liquidation that stockholders approved on June 1, 2026. Under the plan, Stratus will dissolve, sell substantially all assets in an orderly manner, and distribute net proceeds to stockholders after satisfying liabilities and obligations. The Jones Crossing sale is the fourth recent retail property disposition in this liquidation process.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jun 29, 2026 · How we verify