MetLife Building 8 Industrial Parks in 4 States

ATLANTA—MetLife is working with Panattoni Development to build a massive $110 million industrial distribution park on 183 acres near Atlanta. Dubbed Lambert Farms Distribution Center, the industrial project will offer up to 3 million square feet of distribution space and could make room for up to two 1.5 million-square-foot facilities.

“The Lambert Farms development in the Atlanta area shows that MetLife is further diversifying its real estate equity holdings by adding a high quality industrial asset to our portfolio,” says Robert Merck, senior managing director and global head of real estate for MetLife. “Nationally, we think the long-term growth factors for industrial markets in core cities are very positive, and we are excited to have an experienced partner with national reach in Panattoni Development.”