11 July 2017
Orange County
Reporter: Theo Andrew

Flight at Tustin office development set to take off

Lincoln Property Trust and Alcion Ventures have secured financing for phase I of their Flight at Tustin Legacy development, to the tune of $141.6 million.

HFF arranged the three-year construction loan for the 470,000-square foot creative office campus through Acore Capital and iStar.

Located in Tustin in California, the former Marine Corps Air Station is being developed into a complex comprised of a 7,000-square foot conference centre and 12,000-square foot food hall, plus bike paths and other outdoor amenities.

The development, scheduled to be completed in early 2019, is expected to attract a high-quality tenant roster, according to Lincoln Property.

Built to compete with creative office space in Los Angeles, San Francisco and Silicon Valley, the Orange County development will add a second complex in phase II of development, offering a further 550,000-square foot of office space.

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