Wednesday, June 3, 2015

City of Tustin, CA Executes Exclusive Negotiation Agreement for Cornerstone I with Lincoln Property Co.


Tustin, CA City Manager Jeff Parker
Tustin, CA  (June 3, 2015) – The City of Tustin has now entered into an Exclusive Negotiation Agreement with Lincoln Property Company (Lincoln), a Dallas-based real estate developer with Southern California offices, 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 760,000 square feet of creative office space is proposed along with almost 100,000 square feet of support uses, a food hall, supporting retail, outdoor meeting and gathering spaces, as well as structured and surface parking.

“We interviewed a number of qualified development firms but believe that Lincoln best shares our vision for Cornerstone I,” said Jeff Parker, Tustin City Manager.

“They bring a strong track record for developing the kind of commercial projects that meet the evolving needs of today’s innovative and dynamic firms. New office development at Cornerstone I will add to the unique opportunity we have at Tustin Legacy to create a strong jobs base and bring about greater economic investment in the City of Tustin.”

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto for Tustin Legacy
(949) 278-6224

  

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