July 11, 2017 Comments Off on Lincoln Property, Alcion Nab $142M for FLIGHT Views: 621 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.

Read more at HFF

Read more at FLIGHT

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