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This Week's Houston Deal Sheet (November 11, 2021)

The latest news and deals from Houston s commercial real estate market.
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Stratus Properties : REPORTS SECOND-QUARTER 2021 RESULTS —————————————————————————————————————————— (Form 8-K)

Stratus Properties : REPORTS SECOND-QUARTER 2021 RESULTS —————————————————————————————————————————— (Form 8-K)
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Stratus Properties Inc. Reports First-Quarter 2021 Results

Press release content from Business Wire. The AP news staff was not involved in its creation.
Stratus Properties Inc. Reports First-Quarter 2021 Results
May 10, 2021 GMT
AUSTIN, Texas (BUSINESS WIRE) May 10, 2021
Stratus Properties Inc. (NASDAQ: STRS), a diversified real estate company with holdings, interests and operations focused in the Austin, Texas area and other select, fast-growing markets in Texas, today reported first-quarter 2021 results.
Highlights and Recent Developments:
In January 2021, Stratus sold
The Saint Mary, a 240-unit luxury garden-style apartment project in the Circle C community, for $60.0 million, or $250,000 per unit. Stratus believes the sales price is the highest per unit sales price ever recorded in the Austin MSA for similar properties. Stratus received $20.9 million from its subsidiary in connection with the sale and $12.9 million of the net proceeds were distributed to the noncontrolling interest owners. Stratus recogni ....

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Crust Pizza Co. Signs 4 Lease Deals in Texas and Louisiana

Crust Pizza Co., a fast-casual dining concept that serves house-made, thin crust pizza and made-fresh menu items, announces the signing of four new leases for franchised restaurant spaces in Spring and Kingwood, Texas as well as Moss Bluff and Lafayette, Louisiana.
Located in Ambassador Way at 4243 Ambassador Caffery Parkway,Suite 101, the 2,795-square-foot Lafayette location is set to open in late May or early June 2021. The Moss Bluff location, which is approximately 3,019-square-feet, is located in Parkway Village at 1355 Sam Houston Jones Parkway, Suite 215, and is set to open in August or September of 2021.
“We are excited to bring Crust Pizza Co. to the Acadiana area, and we can’t wait for the community to try our award-winning pizzas,” says Lafayette Crust Pizza Co. Franchise owner, Logan Broussard. “Our pizzas are handcrafted from fresh dough made hourly and topped with only the finest ingredients such as hand-cut cheeses, meats, and veggies.It’s a qualit ....

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