Pappas Investments adds to Midtown Holdings with $2 Million Purchase
Source: Sacramento Business Journal
Brokers: Ken Turton , Jon Lang
A recent property sale in Midtown Sacramento went to the same owner of a nearby property planned for redevelopment.
Records show an entity affiliated with Pappas Investments bought 2020 K St., an empty single-story commercial building, for $2 million in late June.
Pappas co-owner John Pappas said there’s no connection between that building and, across Kayak Alley, a parking garage Pappas Investments owns and has pursued redeveloping.