The purchase of a 40-acre retail complex and nearby land in Goodyear indicates optimism for the Southwest Valley, city officials said.
Cleveland-based Stark Enterprises bought The Market at Estrella Falls, at the northeast corner of PebbleCreek Parkway and McDowell Road for $49.1 million from the Macerich Co. and Globe Corp. The sellers still own property east of the area.
Plans for the area include developing 10 additional acres for shopping, dining and entertainment in front of the 25-acre…
