MetLife Offering $235 Million in Financing for Houston Office Building [Manufacturing Close – Up]

MetLife, Inc. announced, that through its real estate investments department, it has closed a $235 million loan secured by BG Group Place, for a partnership advised by Invesco Real Estate.

According to a release, the newly constructed BG Group Place is a 973,861 square foot high-rise office building in downtown Houston, Texas that is LEED Platinum certified.

"The BG Group Place investment aligns well with our overall commercial real estate strategy and allows MetLife to grow in a key market for us," said Robert Merck, senior managing director and head of real estate investments for MetLife. "We are confident that BG Group Place will prove to be a beneficial component of our Texas portfolio."

The transaction was led by Chad McKenney and John Hall from MetLife'sDallas regional office.

Metropolitan Life Insurance Company (MetLife) is a subsidiary of MetLife, Inc., a global provider of insurance, annuities and employee benefit programs, serving 90 million customers.

More information:

metlife.com/realestate

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