Former Campbell's Soup Site Finds New Life

SACRAMENTO—The Capital Commerce Center is a property previously occupied by global food giant Campbell’s Soup and served as a major food manufacturing plant from its opening in 1947 until Campbell’s sale of the property to the sponsor in 2013. At that time, the commerce center located at 6200 Franklin Blvd. was repositioned as a multi-tenant manufacturing and commercial park. With 500,000 square feet of vacant space, as well as additional developable land, the primarily industrial property on 127 acres is conducive to tenants of industrial, office or retail space.

Secured by the industrial center, a $13 million floating-rate, non-recourse loan from a private specialty finance lender was arranged by Mission Capital Advisors‘ debt and equity finance group. The Mission Capital team of Gregg Applefield, Alex Draganiuk and Lexington Henn represented affiliates of Hackman Capital Partners LLC and Rabin Worldwide Inc., the joint venture that purchased the property in 2013, in securing the financing.