TCC, MetLife Launch Retail Development Plan

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DALLAS-In its first major move since its CB Richard Ellis merger, Trammell Crow Co. has inked a retail development deal with MetLife Inc. The program mimics initiatives that TCC has under way for office and industrial development with other partners.

Matt Khourie, president of Dallas-based TCC’s central operations and national leader of its retail development business, tells GlobeSt.com that both sides are kicking in equity to fund a co-investment program with no ceilings on the funding amount or build side. “We are committed to do as many good deals as we can find,” he says. “We didn’t want to be constrained by caps or ceilings.”