Hackman Capital and Square Mile Capital Management have agreed to pay $500 million for the Silvercup Studios, the second-largest film and television production facility in New York City, after the Steiner Studios in Brooklyn, reported various media outlets. The studio is located in Long Island City, Queens, with another facility in the Port Morris neighborhood of the Bronx.
The joint venture has acquired several studio portfolios, including MBS Media Campus and MBS Services, located in Manhattan Beach, Calif., operated by The MBS Group, from Carlyle Group in 2019 for $650 million; and CBS Television City in Los Angeles for $750 million from CBS Corporation.
