SACRAMENTO, CA-Los Angeles-based firm Hackman Capital Partners, LLC, has purchased the former Campbell Soup Company manufacturing facility here.

Hackman Capital partnered with Rabin Worldwide and Capital Recovery Group to acquire both the real estate and equipment assets in a bulk purchase.

The facility boasts a highly-improved 1,625,129 square foot building on 129 acres with valuable energy, water, sewer and emissions permits. The site is currently permitted and licensed for sewer disposal credits, air permits, water wells, and a solar farm, making the infrastructure capacity at this facility unmatched within the market. Featuring its own water wells, the site is able to process approximately 2 billion gallons of water per year.

“With its substantial water and sewer capacity, this site provides an exceptional opportunity for manufacturing and process users who require these unique and valuable amenities,” said Michael Hackman, founder and CEO of Hackman Capital Partners. “We look forward to working with Sacramento County and the local community to lease the buildings and develop the surplus land.”

While this site has been utilized for food processing in the past, it will attract a diversity of tenants due to its size, cold storage capabilities, co-generation plant and groundwater rights. Users could include food/agriculture, clean energy technology and advanced manufacturing companies among others. Sacramento County has worked closely with the investment group from the early stages of the acquisition process with the goal of bringing good jobs back to the area.

“We are pleased that this important site in the South Sacramento community has a new owner,” said Susan Peters, chair of the Sacramento County Board of Supervisors. “We look forward to working with Hackman Capital Partners on their plans to improve the property and bring high quality jobs back to the neighborhood.”

The joint venture has already leased over 200,000 square feet of the facility to Silgan Can Manufacturing. Silgan is the leading manufacturer of metal containers in North America and Europe and holds about 50% of the U.S. market share with major customers including Campbell Soup Company, Del Monte Foods Company, and Hormel Foods. The firm has operated within the building for the past 10 years.

“We are thrilled that Silgan will continue their operations at the site, and we look forward to attracting additional tenants,” said Hackman. “We are grateful to Sacramento County for their support during this acquisition and are eager to put this site to the best economic use possible.”

Hackman Capital Partners, Rabin Worldwide and Capital Recovery Group have partnered on numerous transactions involving the acquisition of complete facilities with both real estate and equipment assets. The CBRE team of Todd Sanfilippo, Walter Smyth, Jon Sarkisian and Jeff Counsell marketed the property on behalf of Campbell's and worked directly with the investment group on the closing.

Founded in 1986 and headquartered in Los Angeles, Hackman Capital Partners is a privately-held, asset-based investment firm that focuses on the acquisition of industrial real estate and the purchase and sale of industrial equipment. The firm currently owns, through its affiliated entities, more than 270 facilities throughout the United States, totaling approximately 25 million square feet and more than 10,000 acres of land.