The seller was St. Joe Co. of Jacksonville, FL, the largestlandowner in Florida. St. Joe owns 14 acres adjacent to the plannedtower.

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The building is scheduled to be completed in January 2003.Siebel Systems Inc., a California-based software developer, hassigned a long-term lease estimated for at least 10 years for195,000 square feet in the building.

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The estimated value of the lease is $3.9 million per year or atotal $39 million based on an average asking rent of $20 per sf,area brokers tell GlobeSt.com. Pope & Land officials couldn'tbe reached at GlobeSt.com's publication deadline to learn furtherleasing details.

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