ViacomCBS nears sale of CBS Studios lot in LA as it pares real estate holdings

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ViacomCBS is nearing a sale of its historic CBS Studio Center lot in Los Angeles — the house of in style TV exhibits together with “Seinfeld,” The Post has realized.

Final bids are in for the large assortment of soundstages, which has been dwelling over time to sequence like “Gunsmoke,” “Gilligan’s Island” and “Big Brother” — and a supply with data stated Hackman Capital Partners is a number one contender.

CBS declined to remark. Hackman Capital didn’t return requests for remark.

Michael Hackman’s namesake agency has a historical past of scooping up huge studio heaps. Earlier this year, Hackman scooped up Sony Pictures Entertainment’s 182,000 square-foot animation campus in Culver City — dwelling of franchises together with the “The Emoji Movie” and “Spider-Man: Into the Spider-Verse,” for round $160 million.

Michael Hackman’s Hackman Capital Partners is a number one contender to amass CBS’ Radford Lot.
Hackman Capital Partners

The company, which already owns eight studio heaps, dwelling to 70 soundstages with one other 35 in growth, is one of essentially the most energetic buyers in the area, together with Blackstone Group.

CBS put its 38-acre campus — dubbed the “Radford Lot” for its location on Radford Avenue in LA’s Studio City district — on the block in late August, as the community sells off non-core belongings in order to take a position extra closely in creating exhibits and flicks for burgeoning streaming platforms.

Production studios are in excessive demand as streaming companies are pumping out extra TV exhibits and flicks.
Getty Images

The sale will doubtless be fast as the pandemic is driving demand for exhibits and flicks to the purpose that there’s a scarcity of manufacturing studio area in Los Angeles.

News of the Radford Lot sale comes shortly after ViacomCBS offered CBS’ authentic Midtown Manhattan company headquarters, identified as “Black Rock,” to real estate funding agency Harbor Group International for $760 million in mid August.