LOS ANGELES, CA – ViacomCBS Inc. has entered into an agreement to sell CBS Studio Center and its associated operating business for $1.85 billion to a partnership formed by Hackman Capital Partners LLC and Square Mile Capital Management LLC.
The best-in-class studio lot is situated on a 55-gross-acre site in Studio City, Los Angeles and it comprises more than one million square feet of space, including 22 stages, a production office and support buildings, third-party tenant offices, a purpose-built broadcast and filmable backlot locations.
ViacomCBS implemented a widely-marketed sale process for CBS Studio Center, which attracted interest from numerous buyers and resulted in the transaction.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
