SACRAMENTO-Those who follow @GlobeStcom on Twitter and @GlobeStLIVE may have seen a post teasing the announcement, but GlobeSt.com has learned that earlier this month,Los Angeles-based real estate investment firm Hackman Capital Partners LLC purchased the former Campbell Soup Co.'s manufacturing facility in Sacramento. Hackman Capital partnered with Rabin Worldwide and Capital Recovery Group to acquire both the real estate and equipment assets in a bulk purchase.
Although the purchase price has not been disclosed, the facility boasts a highly improved 1.62-million-square-foot building on 129 acres of land with valuable energy, water, sewer and emissions permits. The site is currently permitted and licensed for sewer disposal credits, air permits, water wells, and a solar farm, making the infrastructure capacity at this facility unmatched within the market. Featuring its own water wells, the site is able to process approximately 2 billion gallons of water per year.
One of the valuable amenities to Hackman was the water and sewer capacity, explains Michael Hackman, founder and CEO of Hackman Capital Partners. “This site provides an exceptional opportunity for manufacturing and process users who require these unique and valuable amenities.”
The company intends to lease the buildings and develop the surplus land. While this site has been utilized for food processing in the past, the site will attract a diversity of tenants due to its size, cold storage capabilities, cogeneration plant and groundwater rights. The Joint Venture has already leased over 200,000 square feet of the facility to Silgan Can Manufacturing.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
