Billionaire Arte Moreno’s firm buys 1.5-acre parcel for $11 million

Article originally posted on Phoenix Business Journal on September 9, 2025

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. 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.

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