Capitalized by Apollo Real Estate Advisors LP of New York Cityand Dallas-based Prescott Realty Group, WiredZone purchased thebuilding from Raytheon Co., a Lexington, Mass.-based defensecontractor. Vance Detwiler, director of acquisitions for WiredZone,said the company will put "several million" dollars into thebuilding to prepare it for bandwidth-intensive, high-tech andtelecommunications tenants.

Harbour Pointe, the company's first purchase in the region, willbe the largest block of high-bandwidth Class A office spaceavailable in the Seattle-area market, Detwiler said. At a purchaseprice of less than $66 a square foot, it is also one of theleast.

Detwiler said the low purchase price allows WiredZone to beef ofthe building's communications infrastructure to attract high-techand telecommunications tenants. The waterfront location should be adraw as well, he said.