A firm connected to Arizona-based billionaire Arte Moreno has scooped up a 1.47-acre Phoenix property for $11 million.
The parcel contains a pocket park that rests between a historically significant Chase Bank location at 4401 E. Camelback Road and a commercial center anchored by The Henry, a popular restaurant and meeting spot from Sam Fox’s Fox Restaurant Concepts — which also has its corporate offices in the complex.
The Moreno-affiliated company already owns the commercial center.
Who is Arte Moreno?
Moreno is the owner of Major League Baseball’s Los Angeles Angels. He was recently ranked by Forbes at the fifth-richest Arizona resident with a net worth of $5 billion.
He has also been an active real estate investor in the Valley over the past year. An entity tied to Moreno in May purchased a 21-acre vacant lot in Gilbert, while Moreno also purchased an office complex behind his Biltmore Estates mansion for $60 million in November 2024.
This story is posted in partnership with Phoenix Business Journal. Click to read the full story.
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