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| 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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