Hackman Capital Acquires Two Chicago Industrial Buildings from Cenveo in Sale Leaseback Transaction

LOS ANGELES - July 20, 2016 - PRLog -- Hackman Capital Affiliate Acquires Two Chicago Industrial Buildings From Cenveo Corporation iAn affiliate of Hackman Capital Partners, LLC has acquired two industrial buildings totaling 195,436 square feet in Chicago's North submarket from Cenveo Corporation.   Terms of the sale were not disclosed.

The two adjacent buildings, a 150,084-square-foot manufacturing facility at 3001 North Rockwell Street and a 45,351-square-foot warehouse and distribution building at 2950 N. Campbell Avenue, serve as one of 15 envelope-printing plants operated throughout the U.S. by the Stamford, CT-based paper products company.  The two buildings comprise the largest envelope manufacturing facility in Chicago.

Under the terms of the sale leaseback transaction, Cenveo will continue to occupy both buildings following the closing in a long-term lease, according to attorney John Rosenfeld who represented Hackman in the lease portion of the transaction.

"We have represented Hackman Capital throughout the U.S. in connection with several sale leasebacks with owner/users like Cenveo," said Rosenfeld, a real estate partner with Los Angeles-based law firm Elkins Kalt Weintraub Reuben Gartside LLP.  "With transactions like this, the lease document should reflect the tenant's knowledge of and experience with the facility, thus avoiding a number of potential disputes.   Among other nuances, the landlord should not make representations and warranties to the tenant about the condition of the property, or its compliance with law, including but not limited to environmental matters."

About Elkins Kalt

Elkins Kalt Weintraub Reuen Gartside LLP (http://www.elkinskalt.com) is a Los Angeles-based full-service law firm with a focus on the following practice areas: Real Estate and Finance, Land Use and Environmental, Tax, Estate Planning, Corporate, Securities, Hospitality and Leisure, Investment Advisor/Broker-Dealer and Litigation.

The firm was founded by partners from national firms to provide top-tier legal services from a more efficient and dynamic platform than possible within the confines of the traditional large firm model. Since opening in January of 2010, the firm has grown from 10 lawyers to more than 36 lawyers today. Our clients include business and real estate owners ranging from large institutions and public companies to small and medium sized businesses and high net worth individuals.

ABOUT HACKMAN CAPITAL PARTNERS, LLC

Hackman Capital Partners is a privately-held real-estate investment and operating company that focuses on the acquisition of industrial properties, including complete facilities with industrial equipment.  Hackman Capital also targets infill flex buildings, which the company redevelops for creative-office and other commercial uses.

Founded in 1986, Hackman Capital has conducted more than $2 billion in real estate transactions across 41 states—having owned, through affiliated entities, over 400 buildings totaling 35-plus million square feet and 24,000 acres of developable land.

The company is based in Los Angeles, California with regional offices in Columbus, Ohio and Boston, Massachusetts.  It currently employs 82 people and manages approximately 300 major tenant companies nationwide, including Home Depot, Staples, Coca Cola, Lowe's, Sony and LEGO

For more information, visit hackmancapital.com