Financial

build-out

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build-out

Improvements to leased space to make it usable for a particular tenant's needs.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive
Instead of filling landfills with carpet and other construction materials, we are working to have a system where all build-out materials are recyclable.
More frequently these days, landlords are hiring us to execute individual tenant build-outs. At 5 Hanover Square, Swig Equities had us construct the 20th floor offices of Xcitek, a global software provider.
Because these types of build-outs generally occur in occupied and operational facilities, extra care is required to protect the patients, doctors, staff and equipment by minimizing contamination from dust and mitigating noise.
"The high-level build-outs give this building mass appeal and have allowed us to attract
Vehicles often park in front of the build-outs reserved as a crossing point for pedestrians, forcing them to cross at less suitable and unsafe locations.
'For me, the build-outs will make loading and unloading difficult and cause problems for disabled motorists, leading to traffic build-ups.
From build-outs for some of the City's top landlords to luxury build-outs for tenants, the office market is thriving.
"I think we will see more of this in the future--more and more development companies involved in build-outs will feel the need to take control of their building projects.
What this has meant for ACC Construction is a flurry of projects, with the lions' share of the work in interior build-outs, primarily in the commercial office, retail and healthcare sectors.
The building only requires utilities installation and interior build-outs for new tenants--two of which signed leases totaling 60,000 s/f in the past two weeks.
He will serve as project manager on real estate redevelopment projects, significant capital investment programs and tenant build-outs. He will also be involved in developing company guidelines for managing projects.
The firm's niche work has resulted in remarkable corporate build-outs, boutique retail spaces, industrial structures and multi-level parking facilities.
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