Sephora Arena, the Miami-area home court and production hub for the Unrivaled women's 3-on-3 basketball league, is about to trade layups for loading docks. An out-of-state real estate operator has snapped up the venue and plans to convert it into small-bay warehouse space, putting the league's Miami base squarely in limbo. The fast pivot from game nights and studio shoots to industrial bays leaves local fans, vendors and part-time event staff wondering where future Unrivaled action will land.
Sale details and buyer
As reported by the South Florida Business Journal, WareSpace purchased the Medley property known as Sephora Arena and intends to reposition the building as a small-bay warehouse. The Business Journal's July 24, 2026 coverage notes that the transaction leaves Unrivaled's home-court future up in the air. WareSpace has been expanding nationally and describes a business model that converts underused industrial buildings into hundreds of micro-bay units, and the company recently flagged a new Miami footprint in a broader portfolio announcement. In its latest portfolio move, WareSpace framed the acquisition as part of a larger push into supply-constrained industrial markets.
What it means for Unrivaled
Unrivaled, founded in 2023 by WNBA stars Napheesa Collier and Breanna Stewart, has used Sephora Arena as its Miami headquarters and production studio. The league's own site details the Sephora naming-rights partnership and lists the building as its Miami base. At the same time, Unrivaled has been shaping a touring model that leans on road nights and big-arena stops, giving it some options if its permanent Miami home is redeveloped. The Sports Business Journal has chronicled the league's early expansion and road-heavy strategy.
Buyer profile and the small-bay pitch
WareSpace bills itself as a co-warehousing operator that carves larger properties into hundreds of compact units for local contractors, e-commerce brands and small distributors. "This acquisition deepens our presence in some of the most supply-constrained industrial markets in the country," WareSpace co-founder and CEO Levi Cohen said in the company's announcement. The firm says its micro-bay model leans on short-term leases, in-house operations and services aimed at small businesses, a stark contrast with the arena's use as an event venue and production hub. WareSpace release outlines the company's strategy and recent portfolio moves.
Local ripple effects
Promoters, concessions vendors and gig workers who counted on Sephora Arena for a steady stream of events could see that revenue vanish if the building is fully converted to warehouse bays. The South Florida Business Journal described the arena's future as unclear, and that cloud of uncertainty could spill over into nearby hospitality and service businesses that benefited from game-day crowds. Still, Unrivaled has already shown it can pack the house on the road, including record-setting tour stops in other markets, which gives the league some breathing room while a local redevelopment plays out. Forbes has reported on the league's sponsorship muscle and strong ticket demand.
How quickly the Medley property actually transforms will depend on permitting, tenant exit terms and local zoning. Those timelines will decide whether Unrivaled needs to find a replacement Miami home for the rest of the year or can squeeze in a few more games and shoots before the forklifts roll in. Fans, local vendors and league partners will be watching for formal statements from both WareSpace and Unrivaled as permit applications, timelines and transition plans come into clearer view.
