Seeking Alpha

MetLife gets into industrial parks

  • In partnership with Panattoni Development Company, MetLife (MET) will develop a new industrial distribution park on 183 acres, 25 miles from Atlanta. Lambert Farms Distribution Center will have up to 3M square feet of distribution space. The project is expected to take about 3 years and cost $110M.
  • Positive on industrial markets in core cities, MetLife has plans with Panattoni for eight facilities in four states totaling nearly 6M square feet.
  • Source: Press Release
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