By Kate Snyder
A Los Angeles-based real estate investment and operations firm expanded its holdings in Emeryville with the purchase of multiple properties along Doyle Street, according to public information. In late September, an entity affiliated with Hackman Capital Partners bought the largest of the group, 5515 Doyle St., for $18.3 million from Fordham Properties, Inc., a property management company in Emeryville.
The 5515 Doyle St. property is 0.82 acres with two buildings on site totaling 33,076 square feet, public records show. Two other properties bought by Hackman Capital Partners were 5521 Doyle St. – a 7,015 square foot school on 0.64 acres – for $4.6 million, or $661 per square foot, and 5520 Doyle St. – a 0.11-acre site – for $100,000. The seller for both sites were entities affiliated with Fordham Properties, according to public records.
Hackman Capital Partners focuses on commercial, industrial and studio properties in major U.S. markets, according to the firm’s website, and has experience in redevelopment, ground-up construction, leasing and marketing as well as asset and property management. The company was founded in 1986 and has invested more than $10.4 billion in properties across the United State, Canada, the UK and Ireland. Through affiliates, the firm has owned more than 400 buildings totaling 39-plus million square feet.
Any plans the firm has for the newly-acquired properties is unclear at this time.
The company owns several properties in Emeryville, including Jelly Bean Square – a five-building site concentrated in a four-block radius. Just blocks away from Jelly Bean Square are other Hackman Capital Partners properties, such as the Thoroughbred Building at 1250 53rd Street and 1296 67th Street, according to the firm’s website.
Located just miles east of San Francisco, between Berkeley and Oakland, Emeryville has access to several major highways, international airports, transcontinental rail and the Port of Oakland. Several major companies are located in the city, such as Pixar Animation, Bayer, Novartis, Clif Bar, Jamba Juice, Peet’s Coffee and Adobe-Systems.