Wannabe NBA arena developer Chris Hansen has closed on his second Sodo property.
The San Francisco hedge-fund manager paid John Kazdal $4.25 million for a 0.4-acre parcel now occupied by an old warehouse at 1534 First Ave. S., according to a document filed with King County Wednesday.
Hansen said Tuesday that he had locked up all the private property within the site of the proposed NBA/NHL arena, plus a considerable piece of the block to the north, and that the sales would start closing this week.
The Kazdal property is on the block north of the arena site, next door to the Dreamgirls strip club. Hansen has not indicated what he plans for that block.
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Hansen bought his first Sodo property, 3 acres inside the proposed arena site, in December.