The company needs more occupancy at Metropoint. Brant Glomb, aBPG VP, says that Allianz Life Insurance will vacate about 107,000sf of the 170,000-sf North Building by the end of this month. "Thisis creating an opportunity for us to lease almost a fullbuilding."

The property consists of four office buildings on 20 acres,including a 20-story tower of 360,000 sf, two eight-story buildingsof 170,000 sf each and a 10-story building at 200,000 sf. Situatedon the northwest corner of Interstate 394 and Highway 169, theproperty is across from the world headquarters of General MillsInc. in St. Louis Park.

At 75% leased when it was purchased, Metropoint's major tenantsinclude Wells Fargo, Prudential Financial and Corporate BenefitServices of America. Other new leases at the park since Augustinclude space for Plus Relocation; Cummings, Keegan & Co. andEpicor. Glomb refused to divulge the exact lease rates for therecent leases, but says the average asking rate at the property is$12-$16 per sf, net.