PHOENIX — 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.
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.
