Disclosure: Rose Law Group represents the Phoenix Suns
By Brandon Brown | Phoenix Business Journal
The Phoenix Suns – under the name Suns Legacy Properties LLC – have purchased 2.4 acres of an office development in Phoenix’s Arcadia neighborhood on which to build the team’s new practice facility.
In May, the Suns revealed they would build the a $25 million to $50 million practice facility at 44th Street and Camelback Road, but on July 26 the team closed on the land for $10,372,100, according to Maricopa County records.
The Suns purchased the land from Phoenix-based Red Development. The developer recently submitted plans to the city of Phoenix for the mixed-use project that will include the Suns practice facility.