Walton Global Closes on Sale of over 138 Acres Near Austin, Texas to Lennar
Land within Cotton Gateway Master Planned Community sold for Residential Activity
Walton Global, a leading asset management and global real estate investment company, has announced the successful sale of 138.7 acres within the Cotton Gateway Master Planned Community in Caldwell County, Texas to homebuilder Lennar.
The entire master plan, originally consisting of 510 total acres, contains a mix of single-family and multi-family property opportunities. Lennar has purchased 273 lots zoned for single-family residential purposes. Located nearby is Lennar’s Whisper Residential, which contains homes priced between $299,000 and $445,000 and features amenities including a community pool, playground, basketball court, and a park.
“The vision for the Cotton Gateway Master Planned Community is to seamlessly blend the array of residential offerings with the commercial, retail and industrial components in order to create a vibrant mix of opportunities within the community,” said Barry Dluzen, EVP of Real Estate for Walton Global. “We’re excited to be taking this next step with Lennar to bring this dynamic landscape to life.”
The Cotton Gateway Master Planned Community is situated near a variety of educational institutions such as Texas Preparatory School, Alma Brewer Strawn Elementary School, Lockhart Middle School, Lockhart High School, and Texas State University, as well as multiple retail offerings including the San Marcos Premium Outlets.
The community is in close proximity to the region’s major transportation corridors as well as the San Marcos Regional Airport. It is conveniently located just under 25 miles south of Austin and a mere 4.3 miles east of Interstate 35 (I-35). It possesses frontage along State Highway 21, seamlessly linking I-35 and State Highway 130 Tollway. It is also situated along the proposed Yarrington Road extension, slated to enhance east-west connectivity between I-35 and State Highway 120. These nearby conveniences provide significant opportunities for attracting further business to the area.
Walton Global remains committed to upholding its 23 assets within Texas to further support the state’s continued expansion. The company also maintains its dedication to developing solutions aimed at cultivating and preserving sustainable communities within major paths of growth across the U.S.
