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7/24/24
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Irvine-based Foxx Development Inc has leased 50.6k sf of Class A industrial space at the newly built Britannia Tech Park in San Diego’s Otay Mesa submarket. Terms of the deal were not disclosed.
Foxx Development delivers end-to-end solutions for telecommunication electronic devices, smart building, and IoT products. The company is expanding its footprint to scale its product manufacturing and distribution operation.
Foxx’s new space is located at 7222 Airway Rd, Suite A, which is owned by Hines, one of the largest privately held real estate investors and managers in the world. The space is part of the Britannia Tech Park that totals 203.2k sf of Class A space in two distribution/R&D/manufacturing buildings recently built in 2023.
Cushman & Wakefield’s Brant Aberg, SIOR, represented Hines in the transaction. According to Aberg, Hines acquired the two-building project from the original developer following completion late last year and immediately implemented a new leasing strategy that entailed demising the buildings to capture the needs of the mid-size tenant segment.
The 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.
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