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