Sun Microsystems, which scooped up the first 90,000-sf building prior to completion, also has snagged one of the two 65,000-sf second phase buildings, says Holley. Software maker Merant took down the other, a two-story product. The third building, an 83,000-sf one-story building, remains available. "We believe it's the largest contiguous one-floor flex-office space available in Portland," says Holley.

The land for the entire project--just under 25 acres--was acquired in June of 2000 from Standard Insurance for a hair over $4 per sf. Six months later, on Dec. 21, Sun was moving into the $20 million first phase. "Everybody involved said they broke all development records," says Holley.

Insignia is developing the second phase in a joint venture with New York-based CityGroup. The contractor for the overall project is PNC Construction. The designer is Soderstrom Architects.