Lakers finalize El Segundo purchase for new headquarters

The Lakers have completed the purchase of a five-acre El Segundo property that will serve as the franchise's new corporate headquarters.

"With its proximity to the airport and beaches, clean air, diverse businesses and wonderful community, El Segundo is the perfect place for us to be," President Jeanie Buss said Friday. "We’ve been here for the past 15 years with great success, and we’re thrilled to secure the perfect spot to expand on that success and remain for many years as a part of this vibrant and growing area."

The Lakers are currently housed at the Toyota Sports Center, walking distance from their new site, which will be on the northwest corner of Mariposa Avenue and Douglas Street.

The facility, expected to be completed by spring 2017, will include the team's practice facility, corporate offices and a 750-seat exhibition court where the D-Fenders, the Lakers' NBA Development Team affiliate, will play their home games.

The team has hired Morley Builders as the general contractor.  The facility was designed by Rosetti Architects.

The Lakers currently share a building with the Kings, along with a trio of ice-skating rinks that are often open to the public.

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