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