Sun Life's buildings are situated on 3.7 acres at 10217 N. MetroPkwy., two of 16 structures undergoing a $4-million renovation bythe San Mateo, CA-based seller. The just-sold structures are 100%occupied by Alltel, Regency Beauty, Jason's Deli and ShoePavilion.
After selling 11 retooled buildings, Highland is down to fivestructures and two pad-site developments to finish off the makeoverof the 12-year-old space. "We're leasing everything up before wesell," Greg Hoxworth, Highland Development's president, tellsGlobeSt.com. "With changes in the financing market, everything hasto be leased these days before selling."
The Wellesley, MA-based Sun Life had Deborah Tirone, seniordirector of real estate, negotiating its terms. The seller's teamwas Capital Pacific of San Francisco.
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