The CBS Studio Center complex in Studio City has been purchased by the team of Square Mile Capital Management and Hackman Capital Partners from ViacomCBS.
Announcements of such important sales are often made known throughout an industry with flyer printing services.
Spanning 55 acres, the CBS Studio Center on Radford Avenue has 18 traditional sound stages and four other types of stages. There is also production office space that covers 210,000 square feet, and a mill for carpentry services. Complete with a car wash, a commissary, and a paint shop, there is also a backlot with Central Park and a street in New York that features 11 fronts of buildings.
The deal amounted to $1.85bn which highlights the scarcity and value of soundstages for television in Los Angeles. It is also among the largest real estate transactions for a studio complex for television in the city. The deal will include the operations of the studio, such as facilities management, stage rentals, and production support services.
The founder and chief executive of Hackman Capital Partners, Michael Hackman, expressed the honor he feels in having been selected as the new owners of CBS Studio Center, which is one of the most successful and well-known studios in Los Angeles.
The sale is expected to close by the end of this year.
Location
5224 Laurel Canyon Blvd
Valley Village, CA 91607
Get Directions →
Phone
Hours
After 4PM and Weekends By Appointment Only
Mon: 8:00 - 4:00
Tue: 8:00 - 4:00
Wed: 8:00 - 4:00
Thu: 8:00 - 4:00
Fri: 8:00 - 4:00
Sat: Closed
Sun: Closed