The Sony Pictures Animation campus in Culver City was acquired for around $ 160 million by Hackman Capital Partners, which has grown to become one of the region’s largest studio owners.
The three-building office complex at 9050 Washington Blvd. is across from Culver Studios and Culver Steps Retail and Office Complex, which is also owned by Hackman Capital.
The Art Deco-style Sony Pictures Animation facility dates from the 1990s and is leased to the animation team at Sony Pictures Entertainment as an extension of Sony’s neighboring studio in downtown Culver City. Its three buildings house 182,000 square feet of office space.
“The campus is ideally located in an area that has become a hotbed for the creative industries,” said Michael Hackman, managing director.
Investing in properties for the thriving entertainment industry has been one of the bright spots in the local office market, which has struggled with occupancy during the pandemic.
The previous owner was H&R Real Estate Investment Trust in Toronto. Hackman co-owns his entertainment properties with Square Mile Capital Management, a real estate investment company in New York City.
Partner participations include Television City Studios in Los Angeles, MBS Media Campus in Manhattan Beach and Silvercup Studios in New York.
Hackman Capital announced last week that it has taken over the management of Raleigh Studios in Hollywood as part of a venture with Raleigh Enterprises.