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Hackman Capital Partners announces purchase of 1300 64th Street.

LOS ANGELES: Hackman Capital Partners, LLC announced the purchase of 1300 64th Street in Emeryville, California.

The property, which includes a 25,138-square-foot building and off-street parking lot, follows on the heels of the company's acquisition of a five-building portfolio, known as Emeryville Exchange, in June.

Hackman Capital Partners is a Los-Angeles based real estate investment and operating company. Five of the now six buildings, including the recent purchase, are situated in Jelly Bean Square, which takes its name from the largest building's roots as the former Jelly Belly distribution center. The sixth building, called the Thoroughbred Building, is located approximately 10 blocks south of the square at 1250 53rd Street.

Landstrom, the building at 1300 64th Street, is available for lease. It offers features that will appeal to a variety of tenants--including hard-to-find storage and distribution space, dock-high loading, large windows and skylights, plus a wooden bow truss roof. Leveraging those features, Hackman Capital intends to implement a capital program to renovate the building, which could include improvements for lab-related and office uses.

Cushman and Wakefield's Michael Karp and Jeff Leenhouts, who represented the seller in the recent transaction, will also be retained as the property's exclusive leasing agents along with Marc Ward.

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:1U9CA
Date:Sep 18, 2018
Words:204
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