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“Build-to-Suit” in real estate refers to a commercial development process where a property is designed and constructed specifically to meet the needs and specifications of a particular tenant. This type of arrangement is often used for office buildings, retail spaces, industrial facilities, and other commercial properties. In a build-to-suit project, the tenant typically signs a long-term lease agreement with the developer or property owner before construction begins. This allows the tenant to customize various aspects of the building, such as layout, design, and features, ensuring the space is perfectly tailored to their operational requirements. Build-to-suit projects provide tenants with a customized space without the need to invest significant capital in purchasing land or undertaking construction themselves, while developers benefit from a guaranteed long-term lease with a committed tenant.