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Sparrow Partners Buys Acreage at Kyle’s Plum Creek

Newmark Knight Frank arranged the recent land sale of six acres, part of 125 acres sold in the past 12 months at Plum Creek, a 2,200-acre master-planned community in Kyle. The land was purchased by Austin-based Sparrow Partners, which is developing the site.

NKF’s Joshua LaFico, Jesse Weber and Andrew Childers represented the landowner, the Negley Family. NKF worked closely with the development manager MG Realty Advisors, an affiliate of Momark Development, led by long-time Austin area developer Terry Mitchell and project principal Megan Shannon.

“We continue to see steady growth momentum along the I-35 corridor,” stated LaFico. “Through the pandemic, single-family home sales in Austin are moving at a record pace, causing inventory to drop. Suburbs such as Kyle are benefitting from rising housing costs in the core of Austin. Communities that create walkable, mixed-use environments with an emphasis on green space will continue to flourish.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development
  • ◦Sale/Acquisition