AUSTIN, TX-Stratus Properties Inc., an Austin-based developer,has sold eight undeveloped land parcels totaling 154 acres in amixed-use development in Austin for $15.8 million to an affiliateof The Lionstone Group, Greenfield Properties and Lincoln PropertyGroup. The tracts at Lantana have capacity for over 1.1 millionsquare feet of office space.

Stratus bought the 738 acres for $4.1 million in January 1994and has sold the assets at the Lantana site for a total amount ofapproximately $100 million. For the full story, go to Commercial Property Executive .

GlobeSt.com News Hub is your link torelevant real estate and business stories from other local,regional and national publications.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Aggregate (external)
Austin
Development
National