MetLife purchases Florida retail center

|By:, SA News Editor

The Loop is a 435K square foot outdoor retail center in Kissimmee, Florida, and MetLife (MET +0.4%) purchased the asset from an institutional client of AEW Capital Management. Terms were not disclosed. HFF (HF +0.1%) brokered the deal.

MetLife is further diversifying its real estate equity holdings by adding a high quality retail outlet such as The Loop to our portfolio, says Robert Merck, the insurer's global head of real estate.