The ownership and improving market fundamentals made the deal attractive to the lender, Square Mile Capital Management.

New hotspots are emerging that offer many of the advantages of the top life sciences clusters, with similar access to talent and skilled workforce, but lower rents.

The development will feature 1.2 million-square-feet of office space, 400 apartment units and 90,000 square feet of retail.

Following are our picks for this years top retail influencers.