PHOENIX \u2014 A firm connected to Arizona-based billionaire Arte Moreno has scooped up a 1.47-acre Phoenix property for $11 million.<\/p>\n
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<\/a> from Sam Fox\u2019s Fox Restaurant Concepts \u2014 which also has its corporate offices in the complex.<\/p>\n The Moreno-affiliated company already owns the commercial center.<\/p>\n Moreno is the owner of Major League Baseball<\/a>\u2019s Los Angeles Angels. He was recently ranked by Forbes at the fifth-richest Arizona resident<\/a> with a net worth of $5 billion.<\/p>\n Read more of this story from the Business Journal.<\/a><\/p>\n
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