{"id":1004183778,"date":"2017-07-13T01:33:16","date_gmt":"2017-07-13T09:33:16","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004183778"},"modified":"2022-12-07T20:01:30","modified_gmt":"2022-12-08T04:01:30","slug":"hff-arranges-financing-for-first-oc-creative-office-campus","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-first-oc-creative-office-campus\/","title":{"rendered":"HFF Arranges Financing for First OC Creative Office Campus"},"content":{"rendered":"

By Veronica Grecu<\/em><\/p>\n

\"Tustin<\/a>

FLIGHT at Tustin Legacy rendering<\/p><\/div>\n

A joint venture between Irvine-based Lincoln Property Co. and Alcion Ventures of Boston has secured a $141.6 million loan for the first phase of FLIGHT at Tustin Legacy, Orange County\u2019s first purpose-built creative office campus. HFF\u00a0placed the three-year construction loan with ACORE Capital and iStar Inc.<\/p>\n

Construction at the L.A.-area office<\/a> campus broke ground just one week after the Lincoln Property\/Alcion Ventures partnership purchased the land for FLIGHT\u2019s first phase of development. The 470,000-square-foot first stage of development, which is set for completion in early 2019 and will feature Millennial-friendly amenities, will include eight office buildings, a 7,000-square-foot conference center that can be utilized by tenants or third parties, and a 12,000-square-foot food hall.<\/p>\n

According to Yardi Matrix data, the project is\u00a0seeking LEED Gold certification. Phase one is expected to house more than 1,700 employees.\u00a0<\/p>\n

Ultimately, the completed FLIGHT development will encompass around 870,000 square feet of space across 18 buildings.<\/p>\n

Land purchased from the City<\/strong><\/h2>\n

The project\u2019s first phase is under construction on a 17.5-acre site that used to be the city\u2019s Marine base. The development team operating as Flight Venture has acquired the land from the city of Tustin for roughly $26 million, or around $1.5 million per acre.<\/p>\n

Managing Director Mark Wintner and Senior Managing Director Doug Bond led the HFF debt placement team that secured the $141.6 million financing.<\/p>\n

Image courtesy of Lincoln Property Co.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The development is located at NWC Armstrong Avenue & Barranca Parkway and is the first office structure to be built within the 1,600-acre Tustin Legacy master-planned project.<\/p>\n","protected":false},"author":258,"featured_media":1004183780,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21808,21825,21742,21747,34267,15],"tags":[34423,36713,32838,36712],"class_list":["post-1004183778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-featured","category-finance","category-latest","category-office","category-orange-county","category-west","tag-alcion-ventures","tag-flight","tag-lincoln-property-company","tag-tustin-legacy"],"acf":[],"yoast_head":"\nHFF Arranges Financing for First OC Creative Office Campus - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-first-oc-creative-office-campus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HFF Arranges Financing for First OC Creative Office Campus\" \/>\n<meta property=\"og:description\" content=\"The development is located at NWC Armstrong Avenue & Barranca Parkway and is the first office structure to be built within the 1,600-acre Tustin Legacy master-planned project.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-first-oc-creative-office-campus\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-13T09:33:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T04:01:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Tustin-Legacy-Flight-e1499938111361.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"900\" \/>\n\t<meta property=\"og:image:height\" content=\"669\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-first-oc-creative-office-campus\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-first-oc-creative-office-campus\/\",\"name\":\"HFF Arranges Financing for First OC Creative Office Campus - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-first-oc-creative-office-campus\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-first-oc-creative-office-campus\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Tustin-Legacy-Flight-e1499938111361.jpg\",\"datePublished\":\"2017-07-13T09:33:16+00:00\",\"dateModified\":\"2022-12-08T04:01:30+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/e8362e8641769829162f16fe58091f62\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-first-oc-creative-office-campus\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-first-oc-creative-office-campus\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hff-arranges-financing-for-first-oc-creative-office-campus\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Tustin-Legacy-Flight-e1499938111361.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2017\/07\/Tustin-Legacy-Flight-e1499938111361.jpg\",\"width\":900,\"height\":669,\"caption\":\"FLIGHT at Tustin Legacy rendering. 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