Culver Studios — site of the iconic mansion seen at the beginning of “Gone With the Wind” and other Selznick Studios films — has been sold for an estimated $85 million.
Los Angeles-based Hackman Capital Partners, an industrial real estate investment firm headquartered in Los Angeles, bought the studio from Lehman Brothers, which filed for bankruptcy six years ago.
Company topper Michael Hackman denied recent reports that the property would be converted to condos and promised that his firm will upgrade the facilities — some of which date back 90 years — and add more parking.
“We want to make this the best independent studio in the world and we’re going to keep the mansion and front lawn area,” he added. “Southern California has the best infrastructure and talent pool in the world. We think we can help maintain its dominant position.”
The lot includes more than 350,000 square feet of space and is the current home to TBS’ “Cougar Town” and ABC’s “Marvel’s Agents of S.H.I.E.L.D.”
Hackman owns approximately 25 million square feet in the U.S.
The mansion achieved its iconic status in the “Gone With the Wind” credits as the backdrop for the logo of the David O. Selznick Studios. The storied lot, built in 1918, has been home to Cecil B. De Mille, RKO, Howard Hughes, Desilu, Grant Tinker and Sony, which bought the lot in 1991 and sold it in 2004 to private investors PCCP Studio City while continuing to lease space at Culver.
Sony employees (mostly in TV) moved to the nearby Sony lot five years ago.