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
California 'spiked drinks' bill moves ahead

California Advances Legislation on ‘Spiked Drinks

Individuals with ill intentions in California bars should take note: the state…
New Hofstra softball coach taking program to great heights

Hofstra Softball Welcomes New Coach Aiming for Program Excellence

Susan Cassidy-Lyke, a former NYPD captain, has taken the reins as Hofstra’s…
Long Island cops unveil futuristic guns that could fire GPS darts during chases

Long Island Police Introduce High-Tech Guns Equipped with GPS Tracking Darts for Pursuit Operations

Sheriff’s deputies in Suffolk County are experimenting with innovative firearms designed to…
North Carolina woman charged in alleged Houston synagogue attack plot as investigators search for 2 others

Breaking: North Carolina Woman Arrested in Houston Synagogue Attack Plot as Authorities Hunt for Additional Suspects

A woman from North Carolina has been formally charged in connection with…
US soldier Gannon Ken Van Dyke charged with using intel to win $400K Polymarket bet on Venezuelan President Nicolás Maduro raid

US Soldier Accused of Leveraging Military Intel for $400K Polymarket Bet on Venezuelan President Raid

WASHINGTON — A member of the U.S. special forces has been indicted…
'Hero' father drowns saving his 12-year-old son from rip current at popular beach destination, family says

Brave Father Sacrifices Life to Rescue Son from Dangerous Rip Current at Beloved Beach

In a heart-wrenching tragedy at Cocoa Beach, Jason DeGray lost his life…
Nolte: Saudis Back Out of Metropolitan Opera’s $200 Million Blood-Money Bailout

Metropolitan Opera’s $200 Million Lifeline Withdrawn as Saudi Support Vanishes

In a striking turn of events, the very progressive elites who once…
Trump calls for 2020 presidential election to be 'permanently wiped from the books' if Southern Poverty Law Center convicted of fraud

Trump Urges Erasure of 2020 Election Results Amid Controversy Involving Southern Poverty Law Center

On Friday, former President Trump suggested that the 2020 election should be…
17 charged across New England after massive coordinated street takeover wreaks havoc in suburban Boston town

17 Arrested in New England After Major Street Takeover Disrupts Boston Suburb

Authorities in Massachusetts have apprehended 17 individuals from New England in connection…
Long Island PTA mom accused of stealing $50K from elementary school while she served as NYPD officer

Long Island PTA Mom and NYPD Officer Charged with Embezzling $50K from Elementary School Funds

On Wednesday, authorities reported the arrest of a PTA mom from Long…
Award-winning university chef allegedly beat his wife to death at campus hotel: officials

University Chef Accused of Wife’s Fatal Assault at Campus Hotel, Authorities Report

A chef employed by the University of Massachusetts Amherst is facing charges…
Passport to Illinois Part 3: Touring Cantigny, Haymarket Martyrs Monument and more

Explore Illinois: Discover Cantigny Park, Haymarket Martyrs Monument & More on Your Ultimate Passport Adventure

CHICAGO — As the United States gears up to celebrate its 250th…