{"id":1004083463,"date":"2013-09-11T14:53:55","date_gmt":"2013-09-11T22:53:55","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=179255"},"modified":"2022-12-06T01:51:44","modified_gmt":"2022-12-06T09:51:44","slug":"highwoods-to-develop-metlifes-global-technology-and-operations-hub-in-cary","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/highwoods-to-develop-metlifes-global-technology-and-operations-hub-in-cary\/","title":{"rendered":"Highwoods to Develop MetLife\u2019s Global Technology and Operations Hub in Cary"},"content":{"rendered":"

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\"\"<\/a>by Adriana Pop, Associate Editor <\/span><\/em><\/p>\n

Raleigh-based Highwoods Properties has unveiled its plans to develop a $110 million office park for MetLife on Weston Parkway in Cary.<\/span><\/p>\n

Called Weston Lakefront, the 100 percent pre-leased build-to-suit campus along the shores of Lake Crabtree will initially include two, 213,500-square-foot, LEED-certified office buildings with structured parking. The facilities will be located on 26.5 acres of a 40-acre site Highwoods owns near the Raleigh-Durham International Airport. The remaining 13.5 acres of waterfront land will be pre-graded to accommodate a third potential building, the company announced.<\/span><\/p>\n

“We are very pleased to have been selected by MetLife to build a campus for their new southeastern-based, global technology hub, which will initially house 1,200 new MetLife employees. This represents entirely new absorption for the market and is a true testament to the strong technology-oriented employment pool that continues to attract companies to migrate to the greater Triangle area. MetLife has been a long-term, highly regarded Highwoods customer in a number of our other markets, and we genuinely appreciate their continued confidence in our team and brand,” Ed Fritsch, president and CEO of Highwoods Properties said in a news release. <\/span><\/p>\n

In March, MetLife announced it would be opening two new hub campuses in Cary and Charlotte that would create 2,600 new jobs in North Carolina. <\/span><\/p>\n

Construction on the Weston Lakefront project is expected to begin this fall and be complete in 2015. Meanwhile, the New York-based life insurance giant is using the 116,300-square-foot Danbury Building at the Imperial Center office park in Durham to accommodate its growth.<\/span><\/p>\n

Photo credits: wikimapia.org<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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