MetLife is an equity investor. Financial details were not disclosed.
Completion of Park Tower is scheduled for mid-2018 to coincide with the opening of the multi-billion-dollar Transbay redevelopment project located three blocks from San Francisco Bay.
"MetLife is excited to be involved in the Park Tower project in San Francisco as it fits our long-term strategy of developing core assets in markets with strong fundamentals," said Robert Merck, senior managing director and head of global real estate for MetLife. Construction of the 43-floor office tower will begin next month.
People:Robert Merck