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July 10, 2014 at 08:45 AM
MetLife announced today that it will soon break ground on a 3 million square foot industrial park at a cost of $110 million. Named the “Lambert Farms Distribution Center,” the distribution space will be set up to accommodate up to two 1.5 million square foot facilities.
The site will be located in Henry County, Georgia, 25 miles from downtown Atlanta. The project is expected to create 1,200 full-time construction jobs for a warehouse that will feature LEED certified buildings.
“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,” said 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.”
