Badia magnate spent $37.3M for former Sprint CEO's estate
Share this @internewscast.com

Variety is the spice of life, but the Badia family would like to keep the status quo. 

At least, that’s when it comes to their Aspen home. 

Joseph A. Badia, a prominent figure in the spice industry with his products widely available across the United States, acquired a $37.3 million neighboring teardown in Aspen. According to the Wall Street Journal, his main goal was to maintain the natural beauty around his own property.

The sale spans about 21 acres, including one vacant house and planning permission for two new 15,000-square-foot mansions. 

Badia’s neighbor, former Sprint CEO Marcelo Claure, bought the properties in 2020 with plans to build a family compound, the Journal reported.

Badia and his wife Nancy purchased the neighboring six-bedroom house on 10 acres just last year for $18.5 million.

A real estate team from Aspen Snowmass Sotheby’s International Realty, represented by AJ Morris and Craig Morris, facilitated the purchase for Badia. He opted to buy out the estate owned by Claure to block any future developments, AJ explained in an interview with the Journal.

AJ mentioned, “Their main concern was to avoid having large speculative homes constructed right next to theirs, which would severely obstruct their views, negatively alter the surrounding natural beauty, and disturb the elk migratory path.” 

Claure, founder and CEO of Claure Group, purchased his scenic swath of land back in 2020. The Bolivian-American entrepreneur ultimately listed the property for $45 million in 2023 after his changing his plans for a family compound, according to the Journal. Claure sold a different Aspen home for $18.5 million in the same year.

The Badias’ acquisition of Claure’s property encompasses two parcels. One spans 10.5 acres and contains an existing 11,000-square-foot dwelling, plus plans for a new seven-bedroom property. The other, a 10.8-acre piece of land, comes with plans for a five-bedroom home and equestrian facilities.

The plans on offer made the listing especially valuable, given the surrounding county’s restrictions on development, seller’s broker Brittanie Rockhill told the Journal at the time of listing.

Badia’s father started the Florida-based Badia Spices empire in 1967. The company manufactures and distributes spices, blends and sauces and more. Badia was acquired by the investment firm Bia Foods with BDT & MSD Partners, a merchant bank, in 2024.

AJ Morris told the Journal that the Badia family has no present plans to build on their new property, but Badia did purchase the development rights from Claure for under $4 million.

Claure’s listing agent Brittanie Rockhill of Douglas Elliman declined to comment. Claure and Badia could not be reached for comment.

Share this @internewscast.com
You May Also Like
Alex Murdaugh appeal challenging murder convictions faces state pushback over jury influence claims

State Opposes Alex Murdaugh’s Appeal Contesting Murder Convictions Amid Allegations of Jury Manipulation

The South Carolina Attorney General’s Office has officially submitted its response to…
Arizona police report details dark timeline to 10-year-old Rebekah Baptiste tragic death

Arizona Police Reveal Disturbing Timeline Leading to 10-Year-Old Rebekah Baptiste’s Tragic Death

Newly released police documents have provided additional insights into the tragic final…
Baker County man charged with kidnapping and battery

Baker County Resident Faces Charges for Kidnapping and Assault

Authorities report that the mother managed to flee a day after being…
Police officers at a Target store crime scene.

Tragic Incident at Austin Target: Three Fatalities After Suspect Opens Fire and Evades Capture in Stolen Vehicle

THREE people are dead after a shooting erupted on the parking lot…
Female police officer leaps into water, fights career criminal before making arrest, video shows

Female cop dives into water, tackles seasoned criminal, and secures arrest, video reveals

A dramatic video captured a female New York City police officer diving…
Tourist running from charging elephant.

Tourist Attempts Selfie with Elephant, Gets Chased and Trampled, and Receives £200 Fine

AN angry elephant charged at a tourist and trampled on him after…
Small aircraft plummets into Georgia neighborhood, leaves 3 injured

Light aircraft crashes into Georgia neighborhood, injuring 3

A late-night training flight ended in chaos when a small plane plummeted…
Tropical Storm Erin could become Atlantic season's 1st hurricane later this week, forecasters say

Forecasters Predict Tropical Storm Erin May Become First Atlantic Hurricane This Week

Tropical Storm Erin developed on Monday in the eastern tropical Atlantic Ocean…
Anonymous tip helps JSO arrest suspect in 2024 murder at Jacksonville arcade

Anonymous Tip Leads to Arrest in 2024 Jacksonville Arcade Murder

This marks the 136th homicide case that a First Coast Crime Stoppers…
Trial begins on whether deployment of National Guard to Los Angeles violated federal law

Legal Proceedings Commence to Determine if National Guard Deployment to Los Angeles Breached Federal Law

SAN FRANCISCO — A deputy commanding general testified Monday that military forces…
Oakleaf parents sound alarm over eliminated bus route, safety concerns

Oakleaf Parents Raise Concerns About Safety After Bus Route Cancellation

Parents say the combination of heavy traffic, distracted drivers and young children…
Interior of a spiritual retreat center in Spain, raided by police.  Numerous mats are arranged on the floor.

Tourist Destination Exposed for Providing Amazonian Toad Poison for ‘Mystical Journeys’ from Home-based Lab

A SPANISH retreat has been busted by police for giving tourists Amazonian…