MetLife, Inc. is breaking ground in Cary, NC, in the Research Triangle area for global operations and technology center.
The new Global Technology Center (GTO), which will house technology infrastructure, was part of an announcement by the state in March 2013 that MetLife intends to create 2,600 jobs in North Carolina by the end of 2015, the largest jobs announcement in recent state history.
Several insurance companies, including MetLife and State Farm, are consolidating their offices into lower-cost areas
like Texas, Arizona and North Carolina.
Construction on the technology hub is slated for completion in 2015, with MetLife targeting LEED (Leadership in Energy and Environmental Design) Gold certification.
Highwoods Properties (NYSE:HIW
) is developing the project on existing Highwoods-owned land. The campus will consist of two 213,500-square-foot office buildings with structured parking on 26.5 acres fronting the 520-acre Lake Crabtree, which is adjacent to I-40 and the nearby Raleigh-Durham International Airport.
The campus will feature an amphitheater, patio and places to engage in activities such as basketball and volleyball.
MetLife’s entry into the Research Triangle area, coupled with its new U.S. retail headquarters in Charlotte, represents a $125.5 million investment in North Carolina -- on top of the $1.2 billion in insurance funds that MetLife has invested in North Carolina housing, agriculture, commercial real estate
, health care and utilities.
"North Carolina welcomes MetLife with open arms," said Governor McCrory. "MetLife is a strong corporate partner to add to the Triangle’s expanding tech-sector and push for continued economic growth of our state."
Over the next 18 months, more than 1,000 positions will open in engineering, development, app maintenance, IT risk/security and tech support.