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Lincoln Property Co., Glendon Recapitalize Tustin Creative Office Campus
Lincoln Property Company and Glendon Capital Management LP have recapitalized FLIGHT at Tustin Legacy, a creative office campus located in Tustin. Under the terms of the transaction, Glendon has acquired FLIGHT, with Lincoln reinvesting and continuing to serve as property and asset manager.
Completed in 2019, FLIGHT features eight buildings totaling 455,000 square feet of office space, a
conference and events center, and a 12,000-square-foot chef-driven food hall. Matt Didier and Justin Hill of CBRE manage leasing for the property, currently 85% leased to more than 30 tenants across diverse industries.
“Lincoln is extremely proud to have created, designed, and developed FLIGHT as a one-of-a-kind
creative office destination that has set a new standard for workplace design and tenant
experience,” said Parke Miller, EVP at Lincoln. “FLIGHT exemplifies the ongoing ‘flight to quality’ trend in the office sector, and partnering with Glendon will allow us to continue enhancing its long-term value for tenants and the broader community.”
- ◦Sale/Acquisition
