The Lakers have completed a deal to buy a five-acre El Segundo, Calif., property worth $80 million that, among other things, will house a new, independently-owned practice facility, the team announced Friday. Construction is expected to be finished by the spring of 2017.
Currently, the Lakers practice at the Toyota Sports Center, which they share with the NHL’s Los Angeles Kings, but their new facility, located at the northwest corner of Mariposa Avenue and Douglas Street, will also be the home of the team’s new corporate headquarters, featuring a 750-seat exhibition court and offices on the property, as part of the Elevon at Campus El Segundo development.
