Stratus Properties Inc. Completes Refinancing of Lantana Place - Retail
STRS
businesswire.comJanuary 27, 2025
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.