Kaufman Astoria Studios in Queens Sold

Hackman Capital Partners and Square Mile Capital Management have purchased Kaufman Astoria Studios, about one year after the joint venture purchased Silvercup Studios in Long Island City. Although the price was not disclosed, seller The Kaufman Organization was considering bids of around $600 million. The Queens studio “holds more than 500,000 square feet of production space, 11 sound stages and more than 325,000 square feet of office space.” Originally the home of Paramount Pictures upon opening in 1920, the campus “remains one of the world’s most iconic production facilities and has grown to become a sophisticated home for high-end film and television production on the East Coast.”

Source:    https://rew-online.com/hackman-square-mile-add-kaufman-astoria-to-their-studio-lineup/