The Las Vegas families who bought a controlling stake in the Dallas Mavericks have now gained a prime development site near downtown Dallas.

A company set up by the [Las Vegas] Sands Corp.’s owners took the deed to more than a dozen acres on Stemmons Freeway at Inspiration Drive in Dallas’ Design District. The high-profile property is just across the freeway from Victory Park and includes a building now used as the Mavericks practice facility.

Companies set up by Mark Cuban, now the Mavericks’ minority owner, have owned the properties since 2016. Cuban at one time considered using the property for a new arena for the team.