Hackman’s Culver Steps Adds Sephora, Salt & Straw and Philz Coffee
By Greg Cornfield January 25, 2020 9:30 am
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Hackman Capital Partners has secured three new tenants for its Culver Steps development, which is set to become a new home for Amazon Studios on Los Angeles’ Westside.
Sephora, the Paris-based cosmetics giant, signed a 4,150-square-foot lease to be the anchor retail tenant at the development in downtown Culver City. The company has been expanding over the past year, after it launched 35 new locations in 32 states in 2019.
Hackman also signed leases with San Francisco-based Philz Coffee and Portland ice cream export Salt & Straw, the latter of which is known to draw lines out the door at its Westside location on Abbot Kinney Boulevard in Venice. The two leases combined for nearly 2,500 square feet. Lee Shapiro and Christine Deschaine of Kennedy Wilson’s property services division brokered the deals and oversee the project’s ongoing retail leasing efforts. Hackman and Shapiro declined to share the terms of the lease agreements.
The retailers will be joining CorePower Yoga and Mendocino Farms, whose leases were announced in fall 2019.
Designed by EYRC Architects, Culver Steps is located at 9300 Culver Boulevard. It features 45,000 square feet of retail space, 80,000 square feet of creative office space, and a public plaza that spans nearly one acre. Hackman previously announced an agreement with Amazon Studios to lease the entire four-story office space, and the adjacent 550,000-square-foot Culver Studios project, which is currently under construction.
“Culver City is booming, and The Culver Steps creates a dynamic town square feeling — an open, pedestrian-friendly, urban hub for shopping and dining,” said Mike Racine, Hackman Capital’s senior vice president of asset management, in a statement.
Hackman Capital is a privately held investment and operating company that was founded in Los Angeles more than 30 years ago. The firm is currently constructing approximately 1 million square feet of creative office and media-related campus space in Southern California. In late 2018, Hackman purchased the Television City Studios, the iconic former CBS broadcasting facility, for $750 million. In August, the firm purchased the Manhattan Beach Studios — a 22-acre, state-of-the-art studio production facility in Manhattan Beach — for $650 million.
