Although neither company disclosed details of the deal,officials in the Boca Raton office of Holliday Fenoglio Fowlerconfirm the Atlanta-based developer obtained a 20-year, fixed ratemortgage on the 192,187-sf site at 1279-1401 W. Palmetto Park Road.Holliday Fenoglio wouldn't disclose the interest rate.

"What attracted Jefferson Pilot Life to this investment wasSelig's outstanding reputation, K-Mart's recent renovation andexpansion, and one of the top stores in the Publix supermarketchain," Michael Kavanau, senior managing director of the HollidayFenoglio Fowler office in Boca Raton, who brokered the deal, saysin a prepared statement.

Besides its commercial real estate interests, the family ownedSelig firm is publicly known for its involvement in philanthropicmatters. The firm's chairman, president and chief executive office,S. Stephen Selig III, also serves as the consul for Denmark's RoyalDanish Consulate in Atlanta.