The Park on Brodie Lane in Austin, Texas

Newmark Brokers Sale of 290-Unit The Park on Brodie Lane in Austin, Texas

by Channing Hamilton

AUSTIN, TEXAS — Newmark has arranged the sale and financing of The Park on Brodie Lane, a 290-unit property located at 6607 Brodie Lane in Austin. Patton Jones and Andrew Dickson of Newmark Multifamily represented the seller, Charlotte-based Barings Real Estate, in the transaction. Matt Greer and Andrew Wilson secured the financing on behalf of the buyer, Boca Raton-based Mill Creek Residential.

The Park on Brodie Lane has been rebranded as Alister Sunset Valley. The property is situated on approximately 39 acres and is 97 percent leased. Amenities include a pool, outdoor grill area, hammock lounges, a fitness center, dog park, volleyball and basketball courts and a clubhouse with a coffee bar. The community was recently renovated with modern finishes.

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