ATLANTA–(BUSINESS WIRE)–MetLife Investment Management (MIM), MetLife Inc.’s (NYSE: MET)
institutional asset management business, in partnership with Granite
Properties, a commercial real estate investment, development and
management company, today announced that global investment management
company, Invesco, will become the anchor tenant of the future Midtown
Union development in Atlanta, Georgia.
Midtown Union, a major mixed-use property development spanning 8.5 acres
in Atlanta at the gateway to Midtown at 17th Street and West
Peachtree Street, is expected to welcome Invesco once the office
component of the development is completed in 2022. Covering
approximately 606,000 square feet of LEED Certified Class A office
space, the 26-story office development designed by Cooper Carry is the
first phase of a multi-phase development in this prime midtown Atlanta
location. Granite will also serve as development partner for the project.
Robert Merck, senior managing director and global head of real estate
and agriculture, MetLife Investment Management, said: “We’re excited
that Invesco has chosen Midtown Union to expand its global headquarters
and play an even larger role in the local Atlanta community. Midtown
Union, once complete, will offer a range of attractive amenities and
further cement the area as one of the most desirable local precincts for
growing companies in Atlanta.”
“Granite is excited to partner and develop this project with MetLife
Investment Management and Invesco. Midtown Union is an innovative and
sustainable mixed-use development offering a high-quality work
environment with unique experiences and modern amenities, including a
roof deck, customer lounge and fitness center to foster a vibrant,
collaborative and productive office community,” said John Robbins,
senior managing director of Granite Atlanta.
JLL is working with MetLife Investment Management and Granite Properties
on the transaction, with CBRE representing Invesco.
MetLife Investment Management has a strong track record in build-to-core
real estate developments across all property sectors. Other notable
projects developed or in development include Park Tower in San Francisco
(in partnership with The John Buck Company and Golub & Company), Binary
Towers in Seattle (with Trammell Crow Company) and Park District in
Dallas (with Trammell Crow Company).
Granite is an established investor and developer across the U.S., with a
focus on high-quality build-to-core projects. Granite is currently
working on mixed-use development projects valued at over $1 billion in
Atlanta, Boston, Dallas, Houston and Nashville. Over the years, Granite
has owned or co-developed over 2 million square feet in Atlanta,
including 100 City View, Piedmont Center 5-8, Glenlake I and III,
Cumberland Office Park, Parkside Terrace, COMPLEX and Inland Tract,
among others.
About MetLife Investment Management
MetLife Investment Management, MetLife, Inc.’s institutional asset
management business, is a global fixed income and real estate manager
providing differentiated investment solutions to institutional investors
worldwide. MetLife Investment Management provides institutional
investors including corporate and government pension plans, insurance
companies and other financial institutions with long-term public and
private investment and financing solutions. MetLife Investment
Management leverages a disciplined credit research and underwriting
process to provide institutional investors with asset origination and
acquisition opportunities and proprietary risk management analytics
across public fixed income strategies, private placements, and
commercial real estate debt and equity investing, among others. For more
information, visit https://investments.metlife.com.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates
(“MetLife”), is one of the world’s leading financial services companies,
providing insurance, annuities, employee benefits and asset management
to help its individual and institutional customers navigate their
changing world. Founded in 1868, MetLife has operations in more than 40
countries and holds leading market positions in the United States,
Japan, Latin America, Asia, Europe and the Middle East. For more
information, visit www.metlife.com.
About Granite Properties
Granite Properties is a privately held commercial real estate
investment, development and management company founded in 1991, with
offices in Dallas, Houston, Atlanta, Denver and Southern California. It
has completed more than $7 billion in real estate transactions and more
than 27.1 million square feet of real estate development and
acquisitions. Granite focuses on creating extraordinary customer
experiences in each building through mixed-use environments rich in
amenities and customer-centric service to help people flourish. Granite,
a NREI Top Office Owner, has been named as one of FORTUNE’s Best
Workplaces for seven consecutive years. For more information, visit www.graniteprop.com.
Cautionary Statement on Forward-Looking Statements
and Non-GAAP Financial Information
This press release may contain or refer to forward-looking statements.
Forward-looking statements give expectations or forecasts of the future
using terms such as “anticipate,” “estimate,” “expect,” “project,”
“intend,” “plan,” “believe,” “will,” and other terms tied to future
periods. Results could differ materially from those expressed or
implied in the forward-looking statements. Forward-looking
statements are based on assumptions and expectations. They involve risks
and uncertainties, including the “Risk Factors” MetLife, Inc. describes
in its U.S. Securities and Exchange Commission filings. The company has
no obligation to correct or update any forward-looking statement. Parts
of this press release may include additional information on
forward-looking statements.
Contacts
James Murphy
MetLife Investment Management
(973) 355-4673
