Highland Development Company is 80 percent complete redeveloping 375,000 SF of mixed-use peripheral properties located along the ring road of Macerich’s Metrocenter Mall, a 1.3 million SF regional mall in Phoenix, AZ. Highland has invested nearly $4 million in improvements, and to date has sold 11 of the 16 retail buildings to investors/users including 2 buildings to Sun Life for $7.75 million.