JMA Ventures Sells Downtown Plaza to Kings Group

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JMA Ventures announced Thursday that they’ve sold the Downtown Plaza to the Sacramento Kings ownership group.

The mall currently sits where a planned new arena will go.

In a news release, JMA said it would keep day-to-day mall operations going and work with the Kings during the transition into a new sports and entertainment complex.

“We are thrilled to close this transaction as it is another important step in the process of building a world-class arena in the heart of downtown with a vibrant, active development surrounding it,” Kings President Chris Granger said.

JMA bought the property from Westfield in 2012.

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