ATLANTA—MetLife is working with Panattoni Development to build a massive $110 million industrial distribution park on 183 acres near Atlanta. Dubbed Lambert Farms Distribution Center, the industrial project will offer up to 3 million square feet of distribution space and could make room for up to two 1.5 million-square-foot facilities.
“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,” says 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.”
Lambert Farms Distribution Center will offer up to 3 million square feet of quality distribution space and may accommodate up to two 1.5 million square foot industrial facilities.
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