Stratus Obtains $24 Million Refinancing Loan for Mixed-Use Property in College Station, Texas

by Abby Cox

College Station, Texas — Stratus Properties Inc. has obtained a $24 million loan to refinance Jones Crossing, a mixed-use project located in College Station, roughly two miles from Texas A&M University. The new non-recourse loan matures in April 2028 and has generated approximately $1.2 million in net cash proceeds. A 106,000-square-foot H-E-B grocery store anchors the center, which which also features an additional 47,000 square feet of retail and restaurant space. Tenants at the property include Oishi Sushi, Chick-fil-A, Threads Boutique and Supercuts.

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