Definitions for "BUILD-TO-SUIT"
An arrangement whereby a landowner offers to pay to construct on his or her land a building specified by a potential tenant, and then to lease land and building to the tenant.
An agreement between a landlord and a new tenant whereby the landlord assumes the obligation of improving the demised space to the tenant's specification within the constraints of building standards. The tenant takes possession when the space is completed. Return To Menu
A new building which is designed, constructed and leased to meet the needs of a major tenant, thereby minimizing leasing risk.