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ORANGE COUNTY NEWS
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Lincoln Property Company Lands Exclusive Negotiation Agreement with City of Tustin

6/04/15

The City of Tustin has now entered into an Exclusive Negotiation Agreement with Dallas-based Lincoln Property Company to pursue development for Cornerstone I at Tustin Legacy. The proposed creative office campus would be built on 37 acres of land at the southwest edge of Tustin Legacy, a master-planned community.

Based on a proposal presented to Tustin by Lincoln, approximately 760k sf of creative office space is proposed along with almost 100k sf of support uses, a food hall, supporting retail, outdoor meeting and gathering spaces, as well as structured and surface parking.

The Cornerstone I site is situated at the intersection of Barranca Pkwy and Armstrong Ave, adjacent to Legacy Park, which is planned to run through a portion of Tustin Legacy, further enhancing the campus environment.

“We intend to develop a project that is flexible enough to accommodate the way we will work twenty years from now,” said Kevin Hayes, Executive Vice President at Lincoln Property Company. “Cornerstone promises to be rich in experiential retail amenities. Located adjacent to an incredible park that will bring nature into the work setting, it will offer an inspiring environment for those companies seeking to thrive in Orange County and beyond.”

Tustin Legacy, formerly known as Marine Corps Air Station (MCAS) Tustin, encompasses a total of 1,600 acres in the heart of Orange County. Since the marine base was officially conveyed in 2002, the City of Tustin has overseen planning, development and significant infrastructure investment for a new master-planned community that connects residents and businesses with a collection of retail and restaurant amenities, open space, quality neighborhoods, schools and services.






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