Joshua Pardue Pardue: “We expect to continue at a healthy pace. It feels like the late third quarter, but it’ll be a long quarter.”

NEW YORK CITY—While it’s a risky part of the net lease sector—and one that’s been around for a while—build-to-suit development has become the darling of the industry.

In 2015, the market reported approximately $600 million of BTS sales volume across all single-tenant property types while year-to-date, there has been nearly $130 million traded, according to Stan Johnson Co. And those in the trenches report that totals likely are under-reported significantly as sales conditions are not consistently captured.

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Rayna Katz

Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.

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