Hackman Capital set to expand production studio portfolio with $700M buy

Carlyle Group has owned the Manhattan Beach campus since 2007

Michael Hackman and MBS Media Campus
Michael Hackman and MBS Media Campus

Hackman Capital Partners is in advanced discussions to purchase a 22-acre production studio in Manhattan Beach for up to $700 million, The Real Deal confirmed.

The deal would mark the second large film and television campus acquisition for Hackman in six months. In December, it purchased the 25-acre CBS Television City campus for $750 million.

CoStar first reported the news on the Manhattan Beach discussion talks.

Known as the MBS Media Campus, the Manhattan Beach property spans 280,000 square feet of office space and includes 15 sound stages. Lightstorm Entertainment, a production company founded by filmmaker James Cameron, has its office onsite.

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Carlyle Group has owned the property, formerly known as Manhattan Beach Studios, since 2007. It paid Oaktree Capital Management $150 million for the property.

A representative for Hackman did not immediately return requests for comment. Carlyle Group declined to comment.

Hackman has been on a studio expansion tear since 2015, when it paid $85 million to acquire the historic Culver Studios in Culver City. The property has been leased by Amazon Studios.

Hackman made its biggest splash with the $750 million purchase of the CBS Television City campus in Fairfax in December. The campus, which includes a 515,000-square-foot office building, was once home to iconic shows including “The Ed Sullivan Show.”