build-to-suit

(1) An approach to real estate development that enables a corporation to assume ownership by having a developer hold ownership until the project is complete and ready for occupancy. The owner uses operating expenses to fund construction, then buys it from the developer when it is complete. It is a form of delayed ownership. (2) An offer by an owner/landlord to construct a building in accordance with the tenants? requirements. See also sale-leaseback.