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**Lincoln Property Company and Glendon Capital Recapitalize FLIGHT at Tustin Legacy**
Lincoln Property Company and Glendon Capital Management LP have completed the recapitalization of FLIGHT at Tustin Legacy, a premier creative office campus located in Tustin, California. As part of the transaction, Glendon has acquired FLIGHT, with Lincoln reinvesting in the property and continuing its role as both property and asset manager.
Originally completed in 2019, FLIGHT spans eight buildings and offers approximately 455,000 square feet of office space. The campus includes a state-of-the-art conference and events center, along with a 12,000-square-foot chef-driven food hall. Currently, FLIGHT is 85% leased, housing over 30 tenants representing a wide range of industries. CBRE’s Matt Didier and Justin Hill are handling leasing for the property.
“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, Executive Vice President 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.”
This partnership reflects a broader trend in today’s office market, where well-designed, amenity-rich properties continue to attract demand from high-quality tenants seeking exceptional work environments.
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