MetLife Investment Management, The John Buck Company and Golub & Company Announce Facebook Lease of Park Tower in San Francisco
May 21 2018 - 3:00PM
Business Wire
MetLife Investment Management, MetLife Inc.’s (NYSE: MET)
institutional asset management platform, in partnership with The
John Buck Company and Golub & Company, today announced that
Facebook, Inc. has signed a long-term lease for all of Park Tower
at Transbay, one of San Francisco’s newest Class A office
buildings.
Construction of Park Tower will be completed by the end of this
year. The 43-story, 764,700 square foot building will comprise
755,900 square feet of LEED Gold office space that was designed to
attract, retain and help develop San Francisco’s technology
workforce.
Joel Redmon, San Francisco-based managing director for MetLife
Investment Management’s real estate business, said: “We’re pleased
to welcome Facebook to Park Tower. We’ve worked hard to design an
office of the future that will facilitate technological innovation
and provide a great foundation for Facebook’s future success. Park
Tower is the ideal combination of location, iconic design, and
stunning views of San Francisco Bay from 70 percent of the floors.
The project also features approximately 26,000 square feet of
outdoor and open space including 14 sky decks.”
Ben Kochalski, principal at The John Buck Company, added: “Park
Tower will provide tenants with an opportunity to build a truly
vibrant community workspace within one of San Francisco’s most
exciting new neighborhoods. It is fitting that a dynamic global
company so focused on building communities and bringing the world
together will call Park Tower home.”
The John Buck Company, co-owner of Park Tower, also acted as
MetLife Investment Management’s development partner. JLL
represented the owners in the lease agreement, while architecture
firms Goettsch Partners and Solomon Cordwell Buenz designed the
project.
About MetLife Investment
Management
MetLife Investment Management (“MIM”), MetLife, Inc.’s
institutional asset management platform, 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. With
operations in the Americas, Asia and the Europe, Middle East &
Africa (EMEA) regions, MetLife Investment Management manages assets
for third-party institutional investors, separate accounts and
MetLife, Inc.’s general account. 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 traditional fixed income strategies, commercial real estate
debt and equity investing, agricultural financing, and private
placements, among others. For more information, visit
www.metlife.com/investments.
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 The John Buck Company
Founded in 1981, The John Buck Company (JBC) has an established
track record and reputation as a premier, vertically-integrated
real estate investment, development and operating company focused
on major U.S. urban markets. Since inception, JBC has made
principal investments in assets comprising more than $6.7 billion
of gross value and acquired, developed, or redeveloped over 42
million square feet of office, multifamily, residential and
mixed-use properties. For more information, visit www.tjbc.com.
About Golub & Company LLC
Since its founding more than 55 years ago, with three
generations of professionals working in the business, Golub &
Company has built a strong reputation as a trusted co-investor and
developer with its many institutional and private capital partners.
It’s a reputation based on track record; Golub and its affiliates
have owned, leased or managed more than 50 million square feet of
commercial, mixed-use and multifamily real estate properties
(inclusive of 45,000 residential units), valued in excess of $10
billion located across the United States and
internationally. Access more information by visiting
www.golubandcompany.com.
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MetLife Investment ManagementJames Murphy, 973-355-4673
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