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MetLife takes majority stake in to-be-built SF office tower

Oct. 06, 2015 10:13 AM ETMetLife, Inc. (MET) StockMETBy: Stephen Alpher, SA News Editor1 Comment
  • Groundbreaking is today for Park Tower, a 43-story, 743K square-foot office building next to San Francisco's Transbay Transit Center.
  • Terms of MetLife's (NYSE:MET) JV with Chicago-based John Buck Co. for ownership of the property weren't disclosed. The building is expected to be ready in 2018.
  • There are no tenants yet, but the owners are hoping to capitalize on the city's tech boom. Salesforce.com just signed a lease for most of an office tower under construction two blocks away.

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