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Kings Buy Downtown Plaza from JMA Ventures

Kings Buy Downtown Plaza from JMA Ventures
Posted January 23rd, 2014 @ 5:11pm

The deal's done.

Sacramento's Downtown Plaza has now officially been sold to the NBA Kings and team owner Vivek Ranadive.  San Francisco-based JMA Ventures, the mall's previous owner, made the announcement today.

The company says it will continue to manage day-to-day operations before collaborating on a mixed-use project next to a future downtown arena.

A sale price was not immediately made available. 

JMA bought the mall from Westfield for nearly $22 million in August of 2012.

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