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Built-to-Suit

Facilities developed, built, and owned for the operators who occupy them

Build-to-suit is development in which we design and construct a facility around a single operator's requirements, hold ownership of the completed asset, and lease it to that operator on a long-term basis. The operator receives a facility built for its program, delivered to a committed occupancy date, without committing its own capital to construction.

Because we develop, build, and own the facility, the operator deals with one counterparty from site selection through occupancy and for the term of the lease. Construction cost, schedule, and long-term performance are our responsibility, and the building is constructed to a standard we will hold for decades rather than hand off at completion.

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Build-to-suit delivery from site selection to occupancy

  • Site identification and acquisition
  • Market, access, and utility analysis
  • Zoning, entitlement, and incentive evaluation
  • Preliminary program and cost modeling
  • Operator program definition and adjacency planning
  • Design management to the operator's requirements
  • Design-to-budget and design-to-lease oversight
  • Regulatory, permit, and code coordination
  • Project capitalization and financing
  • Lease structuring and term negotiation
  • Ownership and asset structuring
  • Cost and schedule commitments under the lease
  • Preconstruction, procurement, and construction under one team
  • Schedule commitment to the occupancy date
  • Commissioning and turnover
  • Long-term asset ownership and facility performance

One counterparty, from site to lease

In a conventional project the operator manages a broker, a developer, a design team, a contractor, and a landlord, each under its own contract and each with its own interests. In a build-to-suit with Westside, those roles sit within one organization. Decisions are made once, cost and schedule are managed by the party that carries them, and the operator has a single point of responsibility for the life of the arrangement.

Built by the owner

We build what we will own. Because the facility remains on our balance sheet for the term of the lease and beyond, it is designed and constructed for durability, low operating cost, and long service life rather than for the lowest first cost. The operator occupies a building constructed to an owner's standard, not a seller's.

Capital preserved for the operation

A build-to-suit allows an operator to secure a purpose-built facility while keeping its capital in its business. We fund and carry the development, and the operator's obligation is a lease with terms fixed at the outset. For organizations expanding, relocating, or consolidating operations, it is a way to get the facility right without diverting capital from production.

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Tell us about the project. We will review it and recommend the right way to build it.

For operators considering a new facility, we will evaluate the program, the site, and the ownership structure, and recommend whether a build-to-suit is the right approach.

If you hold yourself to careful, answerable work, you already work the way we do.