Lonzo Ball seems to be getting his affairs in order as he prepares to move to New Orleans.
A limited liability company connected to the former guard point Lakers, who was traded to the Pelicans for this season in the incredible discussion for Anthony Davis, has sold commercial property in the center of Los Angeles for just over $ 4.265 million. , public records show.
The same corporate entity – Family Always Matters – purchased the industrial warehouse in 2017 for $ 3.5 million.
The 14,635 sq ft building was used as a distribution center for Big Baller Brand, a clothing and footwear company launched in 2016 by Ball's father, LaVar Ball. Lonzo Ball is a majority owner in the clothing company, which produces its $ 495 Z02 basketball shoe.
The store was previously featured in the Ball family's Facebook “Ball in the Family” series. There are 8,085 square feet of office space and 24 parking spaces.
The sale, which was recorded earlier this month, comes about four months after a member of Gregory Alan Foster, part of Big Baller Brand, raised concerns that Foster took $ 1.5 million from the player's personal and business accounts. basketball. Big Baller Brand and Ball are suing Foster for fraud and are trying to recover more than $ 2 million in damages.
Even without the existence of financial drama, Big Baller Brand is struggling to get a foothold in a competitive apparel market. Long delays in meeting online orders and many complaints resulted in the company being investigated in 2017 by the Better Business Bureau. Last year, the bureau gave a failure grade for Big Baller Brand.
Since then, Big Baller Brand distribution center has been transferred to another location, according to USA Today.
The listing agent for the warehouse was Ikem Chukumerije of WPE Commercial Commercial, according to real estate records. Jay Chang from North American Properties represented the buyer, Jack Rimokh, who chairs the handbag company Signal Brands.