CULVER CITY, CA—Hackman Capital Partners has purchased the historic Culver Studios for $85 million in a debtor-controlled sale, according to industry sources. Located at 9336 W. Washington Blvd. in Culver City, the 14-acre studio campus has 13 sound stages, creative office buildings and onsite parking.

Hackman Capital purchased the iconic site from a joint venture between Lehman Brothers Holdings, Pacifica Ventures and PCCP. Orrick assisted a syndicate investor affiliated with Hackman Capital. According to Orrick, the sale involved a complex capital raising effort for the transaction and concurrent bridge financing funded through a institutional balance sheet lender.

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