Hackman Capital Partners (HCP) formed a strategic alliance with Laurie Samitaur Smith of Samitaur Constructs to manage the Conjunctive Points Portfolio in Culver City. The portfolio, which Samituar Constructs developed and has owned for more than 35 years, consists of 26 commercial buildings totaling approximately 800,000 square feet on 26.7 acres in and around the Hayden Tract submarket.
“Laurie and her late husband Frederick were really the first pioneers of the Hayden Tract, when they acquired land in the 1970s and began to reposition the vintage industrial area into the diverse and vibrant mixed-use neighborhood it has become today,” said Michael Hackman, HCP founder and CEO.
HCP will lead the organizational efforts to refresh, renovate and update the assets, as well as marketing and leasing the properties. JLL’s Micheal Geller and Gabe Brown and Cushman & Wakefield’s Josh Bernstein and Alexa Delahooke will support the leasing effort.
“Hackman Capital Partners was the obvious and most strategic choice given their existing commitment to the submarket to help Laurie manage the massive Conjunctive Points Portfolio,” said Kevin Shannon, Co-Head of US Capital Markets for Newmark, who helped facilitate the new alliance. Jonathan Firestone, Co-President of Global Debt and Structured Finance for Newmark, helped arrange financing for the portfolio.
