Kolokotronis Family Buys Sacramento Condo Project For $4.45 Million

Typically, SKK Developments in Sacramento sells projects after completing them, but members of the family behind the company turned that equation around in a recent deal.

According to Sotiris Kolokotronis, his kids led the charge to buy the completed Penthomes condominium development within Sacramento infill project Mill at Broadway. Escrow closed in late December on the 12-unit project to Kolokotronis family members for $4.45 million, according to a broker on the sale.

“It became available, and the kids were the ones who wanted to buy,” said Kolokotronis of SKK. “It’s a long-term investment.”