Business park gets new owners to jump-start development
MHG Commercial Real Estate rendering of possible building at Estrella Gin./inMaricopa
Estrella Gin Business Park effectively was sold by the City to two companies for development.
Tuesday, Maricopa City Council approved the purchase agreement of 12.32 acres to J.E.T. Real Estate Holdings and 16.96 acres to Elpida LLC. The total purchase price between the two is $1.9 million.
Estrella Gin, which is located along Edison Road from Roosevelt Avenue to State Route 238, has been a focus of the City’s economic development department for years. In August, the City sold two acres to Mel’s Auto (NAPA Auto) for around $152,000.
