MetLife Investment Management & Granite Properties Announce Partnership to Develop Midtown Union in Atlanta, GA with Invesco ...
May 30 2019 - 12:52PM
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.
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James MurphyMetLife Investment Management(973) 355-4673
MetLife (NYSE:MET)
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