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Phase 1 Of Flight At Tustin Legacy Gets $141.6M In Financing

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 Phase I of FLIGHT at Tustin Legacy in Tustin
Phase 1 of Flight at Tustin Legacy in Tustin

HFF arranged $141.6M in financing for the construction of Phase 1 of Flight at Tustin Legacy, a 470K SF creative office campus in Tustin.

HFF worked on behalf of the developer, a partnership between Lincoln Property and Alcion Ventures, for the three-year construction loan with ACORE Capital and iStar.

It is the first office development in the 1,600-acre site of the former Marine Corps Air Station.

The architecture is hangar-inspired, and the campus will include a 12K SF food hall with chef-driven dining concepts and a 7K SF conference center.

Phase 2 will add an additional 550K SF of creative office space.

HFF Managing Director Mark Wintner and Senior Managing Director Doug Bond repped the borrower.

Construction on Phase 1 is expected to be completed in early 2019.