Build to Suit


Also found in: Acronyms.

Build to Suit

An agreement whereby the owner of real estate pays to construct a building to the specifications of a potential tenant. In exchange, the tenant agrees to rent both the land and the building from the owner.
References in periodicals archive ?
New build to suits financed with the tenant's credit can achieve positive spreads of 150-250 basis points off conventional financing, leading to the best self-financing climate in 30 years.