ATLANTA—MetLife is working with PanattoniDevelopment to build a massive $110 million industrial distributionpark on 183 acres near Atlanta. Dubbed Lambert Farms DistributionCenter, the industrial project will offer up to 3million square feet of distribution space andcould make room for up to two 1.5 million-square-footfacilities.

“The Lambert Farms development in the Atlanta area shows thatMetLife is further diversifying its real estateequity holdings by adding a high quality industrial asset to ourportfolio,” says Robert Merck, senior managingdirector and global head of real estate for MetLife. “Nationally,we think the long-term growth factors forindustrial markets in core cities are verypositive, and we are excited to have an experienced partner withnational reach in Panattoni Development.”

Lambert Farms Distribution Center will offer up to 3 millionsquare feet of quality distribution space and may accommodate up totwo 1.5 million square foot industrialfacilities.