PHOENIX, ARIZONA (November 28, 2023) – NAI Horizon facilitated the sale of 4.72 acres of retail land in Goodyear, Arizona. This prime pad site is located at the southeast corner of Estrella Parkway and Elliot Road, the main entry intersection of the master-planned community of Estrella.
NAI Horizon Executive Vice President Lane Neville and Associate Cole Neville represented the seller, Kitchell Development (Marketplace Square at Estrella, LLC) in the $2.3 million land sale.
The buyer was Rachel and Alex Gomez (Estrella Mountain Lago, LLC), the owners of Rio Mirage Café. The buyers plan to build the third Rio Mirage Café in the Valley. The other two locations are Surprise and El Mirage. Rio Mirage Café has been in business since 1999, specializing in Sonoran-style recipes handed down for generations.
“On behalf of our owner, it truly has been a pleasure working with Rachel and Alex Gomez on their dream to build a third restaurant location in the Valley,” Lane Neville said. “To be a small part of making their vision possible in Estrella has been very rewarding.”
Home to 8,000 households, Estrella is a 20,000-acre mixed-use master-planned community located in the City of Goodyear, approximately 17 miles west of Phoenix. Estrella features more than 500 acres of parks and open space including more than 50 miles of paths and trails; 72 acres of lakes for kayaking, sailing, and catch-and-release fishing; and the Starpointe and Presidio Residents Clubs.
“As owner of the Marketplace Square, the Safeway-anchored retail center across the street, we are thrilled to have been part of bringing Rio Mirage Café to Estrella,” said Rob Schramm, President of Kitchell Development. “The community residents are in for a real treat; the Gomez’ are exceptional restaurant operators and the atmosphere and quality of food and service they create will generate strong community patronage.”
Added buyer principal Rachel Gomez: “Our reception in the Estrella community has been overwhelmingly positive and supportive. Our selected restaurant location has amazing exposure at the entry of Estrella. The panoramic views overlooking the community’s North Lake, area mountains, and the Starpointe Residents’ Club will create a special dining atmosphere that all will enjoy. We are very excited to expand our family’s restaurant business with this outstanding third location in Estrella.”
For additional information on other commercial and retail land sale opportunities, contact Lane Neville at firstname.lastname@example.org.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.