Cushman & Wakefield announced the firm has brokered a significant lease expansion at the newly built Britannia Tech Park in San Diego’s Otay Mesa submarket with new tenant Foxx Development, Inc., an Irvine-CA based company which delivers end-to-end solutions for telecommunication electronic devices, smart building, and IoT products.

Foxx Development, which is the project’s first tenant, recently committed to expanding into another 50,572 square feet of Class A industrial space, adding to its initial lease of 50,573 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 101,145 sf in the park.

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 203,244 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.

“We are thrilled to welcome Foxx Development as our lead tenant, and now in securing a full building in the project. The company’s transaction(s) and immediate expansion at the project is a prime example of the need and demand by occupiers for modern high-quality/Class A industrial space in San Diego,” said Brant Aberg.

“Britannia Tech Park is an exciting Class A facility strategically positioned in the desirable Otay Mesa submarket that can accommodate a variety of mid-to-large range users,” continued Aberg.

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.

（Source: ajot)