Capital Commerce Center, the former Campbell Soup Company’s manufacturing facility in Sacramento, is a 16-building, 1,625,129-square-foot campus on 129 acres of land.
Hackman Capital Partners (HCP), in partnership with Rabin Worldwide, repositioned and repurposed the property, transforming it into a multi-use, multi-tenant facility and has since leased more than a million square feet to major tenants.
Now ownership is embarking on a $30 million redevelopment of the site. Completely modernizing the campus and driving economic growth for the region, the transformational, three-phase redevelopment plan will entail the demolition of the main manufacturing building and 14 ancillary buildings, a total of 1.1 million square feet; major sitewide infrastructure improvements; and the ultimate construction of up to six buildings totaling 1.4 million square feet and an additional investment of approximately $175 million.
The 1.4 million square feet of new space—in combination with the property’s robust infrastructure, strategic highway access and adjacent rail—will be designed to attract major manufacturing, distribution and related industrial users
Capital Commerce Center worked with the Sacramento Regional Sanitation District, in a private-public endeavor, to create a Transferrable Sewer Credit Program, the first-ever of its kind. The program allows Capital Commerce Center to transfer, or sell, the site’s excess sewer capacity—capacity, historically required in the production of Campbell’s soups—to other users in the SRSD district at a reduced cost. The program has significantly lowered area developers’ sewer impact fees, accelerating regional real estate investment—and for Capital Commerce Center, has incentivized reinvestment in the former Campbell’s site and generated redevelopment capital.
