Hackman Capital Partners (HCP) has joined forces with Laurie Samitaur Smith of Samitaur Constructs to oversee the Conjunctive Points Portfolio in Culver City. The portfolio, which was developed and owned by Samituar Constructs for over 35 years, includes 26 commercial buildings spanning approximately 800,000 square feet on a total of 26.7 acres within the Hayden Tract submarket.
According to Michael Hackman, founder and CEO of HCP, “Laurie and her late husband Frederick were true pioneers in the development of Hayden Tract. They acquired land in the 1970s and transformed it from a vintage industrial area into a dynamic mixed-use neighborhood that it is today.”
Under this new alliance, HCP will lead efforts to revitalize and update these assets while also handling marketing and leasing for all properties. JLL’s Micheal Geller & Gabe Brown along with Cushman & Wakefield’s Josh Bernstein & Alexa Delahooke will provide support for leasing activities.
Kevin Shannon from Newmark stated that “Hackman Capital Partners was an obvious choice given their existing commitment to this submarket.” He further added that Jonathan Firestone helped facilitate financing arrangements through his role as Co-President at Global Debt & Structured Finance for Newmark.
This partnership marks an exciting new chapter for both companies as they work together towards managing one of Culver City’s largest portfolios consisting of twenty-six buildings.
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