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outparcel Syllabification: out·par·cel
Pronunciation: /ˈoutˌpärsəl/

Definition of outparcel in English:

noun

A building lot separated or separable from a commercial development, the selling of which provides liquidity for the developer.
Example sentences
  • He said that the partnership would develop the discount store and probably would sell or lease the outparcels.
  • Two separate outparcels of less than 2 acres each could accommodate more commercial space.
  • He said three outparcels would be sold or leased to restaurants.

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