August 5, 2024
Art Investment

PHOENIX SUNS AND PHOENIX MERCURY ANNOUNCE $100 MILLION INVESTMENT TO DEVELOP NEW TEAM MEMBER CAMPUS AND STATE-OF-THE-ART PRACTICE FACILITY FOR THE MERCURY


PHOENIX – The Phoenix Suns and Phoenix Mercury today unveiled plans for a new team member business headquarters and a dedicated state-of-the-art practice facility for the Phoenix Mercury. The groundbreaking project, a $100+ million investment and 123,000-square-foot development, driven by Suns and Mercury owner Mat Ishbia’s commitment to the organizations’ foundational pillars of community impact, fan experience, team member culture and winning, will be strategically located within Phoenix’s Warehouse District downtown.

The new Suns and Mercury team member campus will be one of the largest developments for a professional sports organization in the country, spanning approximately 65,000 square feet, with more than 58,000 square feet dedicated for the Mercury practice facility.

“We are working every day to make the Phoenix Suns and Mercury a world-class organization on and off the floor,” said Ishbia. “You create great culture by investing in people. A basketball franchise is so much more than a normal business, it is a catalyst for change. I am so excited to be making an investment that builds on our vision for the Phoenix Suns and Mercury to continue investing in our players, team members, fans and community.”

Beyond its modern architectural design, the Mercury’s new practice facility will be one of the best facilities in all of women’s professional sports. It will feature 24/7 access for players and coaching staff, two dedicated practice courts with 10 baskets, and a wide range of amenities including a fitness room and functional movement area, which includes hot and cold pools and underwater treadmills, a player and family lounge, film room, and an expansive locker room with state-of-the-art technology. The facility will also have a dedicated kitchen and chef, ensuring that the Mercury players and staff have best-in-class amenities at their disposal.

The Suns and Mercury team member business headquarters will be designed to make the Suns and Mercury the best organizations to work in sports. The new headquarters will provide an open work environment that will foster collaboration and a positive work culture. World-class amenities and resources will include indoor and outdoor basketball courts, an indoor arcade, a pickleball court and putting green, a workout facility and a showcase kitchen stocked with complimentary beverages and healthy snacks for team members, among other amenities. Future home to hundreds of employees, the headquarters will also include a Suns and Mercury team shop and a visual presentation of the Suns and Mercury’s Ring of Honor.

Transwestern’s Sports & Entertainment Advisory Group led the real estate transaction and is assisting in the design, construction and fit-out process.



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