AUSTIN—CBRE has brokered the sale of Nance Ranch, a 673-acre tract of undeveloped land located west and north of Kyle, Texas. Austin-based homebuilder Clark Wilson Builder Inc. is the general partner of an investment group that purchased the land from a local investor partnership for an undisclosed price.
Carter Breed, with CBRE's Land Services Group, represented the seller.
Clark Wilson is in the early phases of designing a new master-planned residential community, tentatively called Anthem, targeted to the emerging move-up market in the booming area south of Austin. A mix of single-family lot sizes will be available.
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