$110M Office Complex Planned in Cary for MetLife

CARY, NC- Highwoods Properties has announced plans to spend $110 million here to build there new office buildings for MetLife, Inc.

The office complex will be built on Weston Parkway. New York City-based insurance company MetLife will occupy all 427,000 square feet of the first two office buildings to be constructed at the planned Weston Lakefront office park, according to the Triangle Business Journal. A third office building is planned for sometime in the future.

Ed Fritsch, president and chief executive officer of Highwoods Properties, stated in a press release announcing the deal with MetLife, “We are very pleased to have been selected by MetLife to build a campus for their new southeastern- based, global technology hub, which will initially house 1,200 new MetLife employees. This represents entirely new absorption for the market and is a true testament to the strong technology-oriented employment pool that continues to attract companies to migrate to the greater Triangle area. MetLife has been a long-term, highly regarded Highwoods customer in a number of our other markets, and we genuinely appreciate their continued confidence in our team and brand.”

Construction is expected to begin later this month on the two office buildings with completion projected in the first half of 2015. See story in the Triangle Business Journal.