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City of Tustin Approves DDA and Entitlements for FLIGHT at Tustin Legacy

The City of Tustin has approved the Disposition and Development Agreement (DDA) and associated entitlements with Dallas-based Lincoln Property Company for FLIGHT at Tustin Legacy. This approval marks an important step toward bringing an innovative, mixed-use collaborative office campus to the 1,600-acre master-planned community of Tustin Legacy.

Lincoln Property Company, and its partner Boston-based Alcion Ventures, will be able to construct up to 870,000 square feet of modern creative office space and supporting retail on approximately 38 acres near the corner of Barranca Parkway and Red Hill Avenue.

FLIGHT will contain a mix of four-story buildings, each with striking architectural design and constructed of steel and glass with extensive outdoor platform decking and roll-up doors. The Rios Clementi Hale Studios-designed buildings will feature perforated metal building skins which serve to shade the indoor/outdoor office space and large glass curtain walls on the ends to allow light penetration into the 14-foot-high to 28-foot-high floor plates.

Innovative to these buildings is the shifting of the core areas, generally consisting of elevators, stairwells and utilities, to the exterior of the buildings to create an uninterrupted and efficient floor plate. These decentralized exterior cores integrate with the design of the buildings and will be decorated with unique full scale art murals designed by artists from around the world. The buildings will feature exterior balconies, catwalks, operable windows and significant outdoor work space.

In addition to the larger office buildings which range in leasable square footage from approximately 90,000 to 145,000 square feet, there are smaller single-story office buildings with mezzanine space to serve as incubator or “jewel box” office space. These park-adjacent buildings, dubbed the Platform Campus, are reminiscent of smaller aircraft hangars with gabled roofs, metal roofing and siding, and full height glass ends.

“Lincoln Property Company will ensure that Tustin Legacy will be home to new ground-up office space that is designed for the next generation. Based on their planned design, FLIGHT’s work environment will be unique for Orange County because it is completely focused on the company and its employees while also honoring our site’s history of innovation and productivity,” said Tustin Mayor John Nielsen.

FLIGHT will feature several amenities, including Mess Hall, a 12,000-square-foot market food hall with chef-driven food and beverage concepts, a 6,000-square-foot conference center for meetings and special events, expansive outdoor amenity space and seamless access to Tustin Legacy Park, creating a dynamic indoor/outdoor work experience. The first phase of Tustin Legacy Park is under construction and will be completed as FLIGHT is developed.

“We appreciate the City’s thoughtful long-term vision for Tustin Legacy,” said Parke Miller, Executive Vice President of Lincoln Property Company. “FLIGHT at Tustin Legacy will be an important employment center in the community and elevate the concept of work through its connections to Tustin Legacy Park and integration into the overall Tustin Legacy plan.”

FLIGHT will be constructed in two phases with Phase I (adjacent to Tustin Legacy Park) anticipated to begin construction in early 2017 and complete in 14 to 18 months. Phase I will include over 470,000 square feet of office space, Mess Hall and the conference center. Phase I also includes the completion of Armstrong Avenue from Warner Avenue to Barranca Parkway in addition to Flight Way and Airship Avenue that will serve as private internal drives. Phase II will be available to commence as lease-up of Phase I completes, or for custom build to suit opportunities for larger users.

“Tustin Legacy is a redevelopment of Marine Corps Air Station Tustin and is home to two historic and one-of-a-kind wooden blimp hangars. Our architecture celebrates that important history through its shape and design but with a purposeful look to the future,” added Miller.

“This very important approval is the result of the efforts of a focused, dedicated and very talented group of people who are thrilled to see this project come to life.”

About Tustin Legacy: Tustin Legacy is a 1,600-acre master-planned community located in the City of Tustin that is being developed on land formerly known as Marine Corps Air Station (MCAS) Tustin. For more information, visit www.tustinlegacy.com.

About Lincoln Property Company: About Lincoln Property Company: Lincoln Property Company (Lincoln) is a privately owned real estate firm specializing in real estate investment, development, property management and leasing. One of the largest real estate companies in the world, Lincoln’s cumulative development efforts have produced over 140million square feet of commercial space and over 185,000 multifamily residential units. Lincoln has offices in all major markets of the United States and Europe and has a strong global presence in both commercial and residential real estate. Notably, Lincoln has a substantial local presence and history in California. Having developed more than 7 million square feet of commercial real estate in the Orange County and Los Angeles areas, Lincoln has a deep understanding of the local market. Its commercial developments are widely recognized as community landmarks for their design, quality, and superior locations. Lincoln offers a comprehensive suite of development, property management and real estate consulting services to its diverse clientele – including tenants, owners, institutions, lenders and investors. Originally founded in Dallas, Texas in 1965, by chairman Mack Pogue, Lincoln has become one of the most respected and diversified firms in the United States. Visit www.lpcsocal.com for more information.

About Alcion Ventures: Alcion Ventures is a Boston-based real estate private equity firm that seeks to create value through the acquisition, repositioning, redevelopment or development of real estate assets and by forming strategic relationships with experienced operating partners. Most recently, Alcion closed its third fund with more than $540 million of equity commitments from a diversified investor base, including major United States and Canadian pension funds, endowments, foundations, and family offices.