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8/22/24
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Foxx Development Inc signed an expansion lease for an additional 50.6k sf of Class A industrial space at the newly built Britannia Tech Park in San Diego’s Otay Mesa submarket. Foxx Development is an Irvine-based company which delivers end-to-end solutions for telecommunication electronic devices, smart building, and IoT products.
Foxx is adding to its initial lease of 50.6k sf signed just last month. Expanding its footprint to scale its product manufacturing and distribution operation, Foxx will now occupy 100% of the building located at 7222 Airway Rd for a total of 101.2k sf in the park.
Britannia Tech Park features modern functionality including 32’-34’ clear height, ample dock and grade loading, heavy power, EV charging, rooftop solar capability, fenced/secured yard potential, outdoor patio areas, and skylights. Located at Airway Rd and Britannia Blvd, the property provides quick access to State Route 905 and is adjacent to the Brown Field Municipal Airport. The property is also in close proximity to the US/Mexico border.
Owned by Hines, a global real estate investment manager, under Hines U.S. Property Partners (“HUSPP” or the “Fund”), the firm's flagship commingled U.S. core plus fund, Britannia Tech Park totals 203.2k sf of Class A space in two distribution/R&D/manufacturing buildings that were delivered in 2023. Hines/HUSPP had acquired the two-building project from the original developer following completion late last year.
Cushman & Wakefield’s Brant Aberg, SIOR, Vice Chair represented Hines in both leases with Foxx Development Inc.
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