This just-traded LA Laker just sold his South LA warehouse

The point guard’s distribution center went to global handbag company Signal Brands

TRD LOS ANGELES /
Jul.July 29, 2019 01:02 PM
Lonzo Ball and the warehouse (Credit: Getty Images)
Lonzo Ball and the warehouse (Credit: Getty Images)

Lonzo Ball, the recently-traded Los Angeles Lakers point guard, just sold his warehouse in South L.A. as he prepares his move to New Orleans.

Family Always Matters, an LLC tied to Ball’s Big Baller Brand clothing company, sold the 14,636-square-foot distribution center for $4.3 million, according to the Los Angeles Times. The 15-year-old warehouse, at 209 E. 32nd Street, includes about 8,000 square feet of office space.

The buyer was Jack Rimokh, chairman of the global handbag company Signal Brands.

Besides Ball’s trade to the New Orleans Pelicans, the deal also comes amid the surging L.A. industrial market. Family Always Matters LLC purchased the warehouse in August 2017 for $3.5 million. Ball is majority owner of Big Baller Brand, which his father started in 2016.

The warehouse is located in Historic South Central, just south of the Fashion District. Earlier this month, Holland Partner Group sold a pair of towers there for $403 million, and in May, Access Industries purchased two warehouses there shortly after it bought the historic Ford Factory building. [LAT]Gregory Cornfield


Related Articles

arrow_forward_ios
Hadid and the home (Credit: Getty Images)

Hadid: I must continue building Bel Air mansion to satisfy creditors

The Beverly House (Credit: Jade Mills Estates)

Beverly House owner hopes Saudi prince is his white knight

Mohamed Hadid says he can’t pay to tear down his mansion (Credit: Getty Images, iStock)

Hadid says he’s too broke to tear down megamansion

Oprah Winfrey and Jeff Bridges with the home (Credit: Getty Images and Realtor.com)

Oprah has now spent $86M on her Montecito real estate empire

Jonas Brothers set real estate records in Encino

Jonas Brothers set real estate records in Encino

Mohamed Hadid and his ill-fated spec mansion

Hadid’s Bel Air mansion must be torn down: city

Simon Fuller and his wife, Natalie

Off key: “American Idol” creator cuts price on Bel Air home

Kawhi Leonard and LeBron James with their California homes (Credit: Getty Images and Redfin)

Real estate rivalry: How the stars of the Lakers and Clippers live

arrow_forward_ios
Loading...