The Queens facility boasts 11 soundstages and 325,000 square feet of production offices.
“The studio has had a remarkable history over the last 90 years and has been an incredibly active and participating stakeholder in rejuvenating the entire Astoria neighborhood. We are excited to work with Hal Rosenbluth and the entire KAS team, as the studio continues to grow and excel as one of the best production facilities in the industry,” Michael Hackman, founder and CEO of Hackman Capital Partners, said in a statement.
MBS Group, a division of Hackman Capital, is looking to be a one-stop shop as Hollywood projects shoot domestically and abroad and the major studio operator offers soundstages, equipment rental and ancillary services business worldwide. Hal Rosenbluth, president and CEO of Kaufman Astoria Studios, added: “Since inception, the commitment and vision of George Kaufman has been paramount to revitalizing the greater Astoria community, ensuring that the film and production industry serves as a pillar and economic driver for arts, culture and local small businesses. Kaufman Astoria We are thrilled that Kaufman Astoria will continue to serve as an iconic studio within the growing New York film and television market.
Kaufman Astoria was represented by Jefferies Group, Olshan Frome Wolosky LLP and Simpson Thatcher & Bartlett LLP for this transaction.
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