July 11, 2017 Comments Off on Lincoln Property, Alcion Nab $142M for FLIGHT Views: 824 California News, Orange County

Lincoln Property, Alcion Nab $142M for FLIGHT

Connect Orange County is coming up July 27th at the Balboa Bay Club. Here’s where to get more information and register.

A partnership between Lincoln Property Company and Alcion Ventures secured $141.6 million in construction financing for Phase I of FLIGHT at Tustin Legacy, a 470,000-square-foot creative office campus in Tustin, CA. HFF worked on behalf of the developer to place the three-year construction loan with ACORE Capital, and iStar, Inc.

FLIGHT’s first office development within the 1,600-acre former Marine Corps Air Station Tustin will help solidify the master-planned project as a true “live, work, play” community. Designed with unique, hangar-inspired architecture, FLIGHT will include a 12,000-square-foot food hall, which will feature an array of unique, chef-driven dining concepts, and a 7,000-square-foot conference center.

FLIGHT will be the first purpose-built creative office campus of its kind in the entire county. Construction is expected to be completed in early 2019.

HFF’s Mark Wintner and Doug Bond represented the borrower.

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