SACRAMENTO—RevOZ Capital, a private equity investment firm specializing in Opportunity Zones, has formed a joint venture with Argosy Real Estate Partners to acquire an approximately 127,000-square-foot office building in downtown. The property at 660 J St. was acquired from SG Downtown LLC, an affiliate of the Sacramento Kings ownership group.
Construction is scheduled to finish by late 2021. The redevelopment reflects the continued emergence of the Downtown Commons (DoCo) district and is the latest in a series of investments by RevOZ in historically undercapitalized communities.
The four-story building will undergo significant rehabilitation, re-imagined as a mix of office and retail space, and complement the recently completed DoCo sports and entertainment district. DoCo includes the Golden 1 Center, home of the Sacramento Kings, as well as the Sawyer Hotel.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
