Billionaire buys Camelback lot

By Paul Thompson | Phoenix Business Journal

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.

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