Stratus signs $46.5M deal to sell Jones Crossing retail to Brixmor, expects ~$20M net proceeds

STRATUS PROPERTIES INC

Purchase price $46.5M cash; pre-tax net proceeds estimated at ~$20M after costs and loan repayment.
Sale covers 154,092 sq ft retail (including H-E-B), undeveloped commercial land; Stratus retains 21-acre multi-family component.
Closing expected Q2/Q3 2026; no financing condition; buyer deposits $930K earnest money in two installments.
H-E-B declined its right of first refusal; buyer may terminate for any reason before May 29, 2026 inspection deadline.
Stratus is in a Plan of Liquidation; proceeds will support future stockholder distributions.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

STRATUS PROPERTIES INC entered into Agreement of Sale and Purchase with Brixmor Operating Partnership LP valued at $46.5 million in cash (effective 2026-05-21).

Action: entry
Agreement: asset purchase
Counterparty: Brixmor Operating Partnership LP
Value: $46.5 million in cash
Effective: 2026-05-21

Exact text from the filing

On May 21, 2026, College Station 1892 Properties, L.L.C. (Seller), a Texas limited liability company and a wholly-owned subsidiary of Stratus Properties Inc. (Stratus), entered into an Agreement of Sale and Purchase (Purchase Agreement) with Brixmor Operating Partnership LP, a Delaware limited partnership (Purchaser), pursuant to which Seller agreed to sell to Purchaser certain real and personal property associated with the retail component of Jones Crossing, including undeveloped commercial acreage, for a purchase price of $46.5 million in cash.

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STRATUS PROPERTIES INC filing history →

Source: SEC EDGAR

accession 0000885508-26-000027

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