 AUSTIN, Texas--BUSINESS WIRE--Stratus Properties Inc. NASDAQ: STRS Stratus or the Company today announced its new project development plans, and on August 12, 2021, completed construction financing for the first phase of development of Magnolia Place, an H-E-B, LP H-E-B grocery shadow-anchored, mixed-use project in Magnolia, Texas. William H. Armstrong III, Chairman of the Board and Chief Executive Officer of Stratus, stated, We are pleased to announce that we have completed fina 