Hines has successfully leased 50,573 square feet of Class A industrial space at their newly constructed Britannia Tech Park in San Diego’s Otay Mesa submarket. The tenant, Foxx Development Inc., is an Irvine-based company that specializes in providing end-to-end solutions for telecommunication electronic devices, smart building technology, and IoT products. They have chosen to expand their operations by leasing this space to accommodate the growth of their product manufacturing and distribution.
Foxx’s new location will be at Suite A on 7222 Airway Rd within the Britannia Tech Park. This park consists of two buildings with a total area of 203,244 square feet that were recently built in 2023.
Representing Hines in this lease transaction was Brant Aberg from Cushman & Wakefield. According to Aberg: “After acquiring the project from its original developer late last year, Hines immediately implemented a new leasing strategy for these two buildings which targeted mid-size tenants.” He also added: “This successful lease agreement for over 50,000 square feet is a testament to the effectiveness of our vision.”
In summary,Hines has secured its first tenant at their newly developed industrial park through Cushman & Wakefield’s representation.This achievement highlights Hine’s strategic approach towards attracting mid-size tenants and showcases Foxx Development Inc.’s commitment towards expanding its business operations through this prime location within San Diego’s Otay Mesa submarket.
