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Hines doubles commitment to leading tenants at Otay Mesa Tech Park
Alabama

Hines doubles commitment to leading tenants at Otay Mesa Tech Park

Foxx Development, the first tenant at Hines’ Brittania Tech Park in San Diego’s Otay Mesa submarket, has doubled its rent and added an additional 50,572 square feet of prime industrial space in addition to an initial 50,573 square foot lease signed just last month. Irvine-based Foxx is expanding its footprint to scale its product manufacturing and distribution operations and will now occupy 100% of the 101,145 square foot building at 7222 Airway Rd.

Britannia Tech Park is owned by Hines through Hines US Property Partners (HUSPP), its flagship fund for mixed US core-plus projects, and has a total of 19,850 square metres of space in two sales/R&D/manufacturing buildings that will be completed in 2023. HUSPP acquired the project and the two buildings from the original developer following completion late last year.

Brant Aberg, SIOR, Vice Chairman of Cushman & Wakefield, represented Hines in both leases with Foxx Development, Inc. “We are very pleased to welcome Foxx Development as our anchor tenant and now secure a full building in the project,” said Aberg. “The company’s transaction(s) and the immediate expansion of the project are a great example of tenant need and demand for modern, high-quality Class A industrial space in San Diego.”

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