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Business and Economy

Sun Life Announces Plans To Lease Space In New Major Portland Development

Sun Life, an insurance and wealth management company, has announced plans to lease space in the "Portland Foreside," a new development planned for the Portland waterfront.

Sun Life says it will move 500 existing employees to the site once construction is finished in 2022. The company says it will have enough space to expand by 200 employees.

The building will be located on the former Portland Company site. Developers envision additional office space, a boutique hotel, and several residential buildings on the site.