Estrella by Newland Communities, located in Goodyear, Ariz., announced the sale of three commercially zoned parcels located within Estrella. More than 35 acres were purchased by Peoria-based, commercial developer Bade Companies with plans to develop retail amenities for Estrella and Goodyear residents.
“Bade Companies is built upon integrity and has a strong reputation for its commitment to quality service,” said Greg Bielli, president of the Western Region of Newland Communities, the developers of Estrella. “We are extremely confident that Bade will bring outstanding new retail amenities to the community of Estrella.”
Parcel 2.1B is 5.9 acres and is located on Elliot Road, west of the Estrella Starpointe Residents Club and across the street from Estrella Mountain Elementary School. Bade Companies is developing a 30,000-square-foot retail center boasting restaurants, retail shops and after school services. Planning has commenced and the center is expected to open in summer 2009.
Bade Companies also purchased two adjoining parcels, totaling 29.48 acres, located on Cotton Lane near Estrella’s newest community Montecito and across the street from Estrella’s future active adult community, Province. These adjacent parcels are light industrial zoned, allowing Bade the opportunity to build a mixed-use development comprised of office space, storage facilities, retail services, a nursery and possibly a convenient car wash and automobile zone for nearby residents.
“We are extremely enthusiastic about our recent purchases in Estrella,” said Roy Bade, designated Broker and president of Bade Commercial Services, Inc. “We are third generation developers and live, work and play in the West Valley. Estrella is a strong, growing community and we are honored to be able to increase its retail offerings.”
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