MetLife Brings 3 MSF Industrial Park to Metro Atlanta
- Jul 11, 2014
A new large-scale Class A industrial distribution park called Lambert Farms Distribution Center is coming to Henry County, bringing about 1,200 full-time construction jobs to the area. MetLife, Inc.’s joint venture with Newport Beach, Calif.-based Panattoni Development Company will carry out the project. MetLife is majority partner and the privately held California developer will be the managing member.
MetLife is a global provider of insurance, annuities and employee benefit programs. Through its subsidiaries and affiliates, the company holds market positions in the United States, Japan, Latin America, Asia, Europe, the Middle East and Africa.
With plans to be built on a 183 acre King Mill Road site, Lambert Farms Distribution Center will have 3 million square feet of space to offer and will be able to accommodate up to two 1.5 million square-foot distribution facilities. The location is about 15 miles south of the Hartsfield-Jackson International Airport and 25 miles from the Perimeter. According to a written announcement by MetLife, the development costs will total around $110 million. The plans include LEED certified buildings, 36-foot clear heights and up to 240-foot truck court depths.
In addition to the warehouse project on King Mill Road, MetLife and Panattoni are laying the groundwork for eight other facilities. Totaling nearly 6 million square feet on 356 acres, the industrial facilities will be located in Seattle, Chicago, the Inland Empire market of California and in the Northeast Atlanta submarket.
Lambert Farms Distribution Center is scheduled to complete in about three years.
Photo credits: MetLife, Inc.