Randy Levin, vice president of commercial and urban developmentand design for the Tempe-based seller, says SunCor's MO is to sellits developments when they are 80% to 90% occupied. "We typicallylike to leave the buyer with a little upside in which they can havesome lease-up of their own where they can add some value," Levinadds.
Tower II at 60 E. Rio Salado Pkwy. had reached the 90% milestonewith the combined takedown of 44,649sf by Fidelity National Title Insurance Co. and MetLifeInc. Levin says Tower II's tenant list impressed the New YorkCity-based Sumitomo and other potential buyers.
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