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New Hope For Old Campbell's Soup Plant

  

It's been almost two years since Campbell's closed its soup plant on Franklin Boulevard in Sacramento.

The new owner of the building could be close to leasing the entire facility -now called the "Capital Commerce Center."

There is more than a million square feet of available space.  New owner -Hackman Capital Partners- says it has been giving two-to-four tours a week to interested businesses.

Nate Ellis is the Vice President of Asset Management for Hackman. He says there has been equal interest in the production and distribution areas.

"We actually have three letters of intent out with prospective tenants that hopefully will become leases here pretty soon," says Ellis.

Ellis says he hopes to have leases signed by the end of the year.  The Capital Commerce Center could have as many as five tenants. A food delivery company called Aurora has already leased part of the site and employs about 50 people.

LaShelle Dozier with the Sacramento Housing and Redevelopment Agency says the likelihood of new leases and new jobs is promising.

"Still want to make sure there is affordable housing for the jobs that eventually come on and that the people who work here can live in the community," says Dozier.

Hackman Capital Partners is also pitching the idea of building six acres of retail on the complex.

Sacramento County recently completed a half-mile beautification project on Franklin Boulevard that runs past the plant.

Hackman Capital Partners bought the 129-acre site at the beginning of this year -about a year after Campbell's moved its operations to other states.

A food-storage and delivery service has already leased part of the building, which is now called the "Capital Commerce Center."

Hackman Capital Partners is also preparing for several aesthetic improvements.

"I think we're going to turn the fence into a wrought-iron fence," says Ellis. "We're going to do some entryway lighting, some of those kinds of elements to make it more attractive to match in line with what's been done on the street."

Sacramento County recently completed a half-mile beautification project on Franklin Boulevard that runs past the plant.

Ellis says new paint to cover the many shades of tan is also in the plans for beautification of the site.