Artist’s rendtion of the new Los Angeles Lakers practice facility in El Segundo.

The Lakers completed the purchase of a five-acre property worth $80 million in El Segundo that will serve as the team’s independently -owned next practice facility. The property is located at the northwest corner of Mariposa Avenue and Douglas Street and is expected to be completed by the spring of 2017. The Lakers currently practice at Toyota Sports Center, shared with the NHL’s Kings and a skating rink often open to the general public.

“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,” Lakers president Jeanie Buss said in a statement. “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 El Segundo City Council has granted unanimous approval last month for the Lakers to build their new corporate headquarters, which will include a practice facility, a 750-seat exhibition court and offices on the property, which is part of the Elevon at Campus El Segundo development. The Lakers’ Development League affiliate, the D-Fenders, will also play their games at the new facility.

The Lakers’ new facility will give them more room to accommodate their day-to-day business and basketball operations, and could become another mechanism to attract future free agents. The Lakers’ current facility has only one basketball court and its office space is somewhat cramped. The Lakers’ marketing, ticketing, corporate sponsorships and community relations are also located in a different building about a block away. The Lakers also have no sign of their logo outside of the building proclaiming their existence.

The Clippers opened a $60 million practice facility in Playa Vista in 2008 that includes two basketball courts, spacious offices and expansive video and weight rooms. They had practice before at Spectrum, an El Segundo health club, and L.A. Southwest College.

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