ViacomCBS is nearing a sale of its historic CBS Studio Middle lot in Los Angeles — the house of fashionable TV exhibits together with “Seinfeld,” The Publish has realized.
Ultimate bids are in for the large assortment of soundstages, which has been dwelling over time to sequence like “Gunsmoke,” “Gilligan’s Island” and “Large Brother” — and a supply with information stated Hackman Capital Companions is a number one contender.
CBS declined to remark. Hackman Capital didn’t return requests for remark.
Michael Hackman’s namesake agency has a historical past of scooping up massive studio heaps. Earlier this yr, Hackman scooped up Sony Photos Leisure’s 182,000 square-foot animation campus in Culver Metropolis — dwelling of franchises together with the “The Emoji Film” and “Spider-Man: Into the Spider-Verse,” for round $160 million.
The corporate, which already owns eight studio heaps, dwelling to 70 soundstages with one other 35 in improvement, is without doubt one of the most energetic buyers within the area, together with Blackstone Group.
CBS put its 38-acre campus — dubbed the “Radford Lot” for its location on Radford Avenue in LA’s Studio Metropolis district — on the block in late August, because the community sells off non-core belongings with a view to make investments extra closely in creating exhibits and flicks for burgeoning streaming platforms.
The sale will probably be fast because the pandemic is driving demand for exhibits and flicks to the purpose that there’s a scarcity of manufacturing studio area in Los Angeles.
Information of the Radford Lot sale comes shortly after ViacomCBS offered CBS’ unique Midtown Manhattan company headquarters, generally known as “Black Rock,” to actual property funding agency Harbor Group Worldwide for $760 million in mid August.