MetLife Buys Retail Outlet In Florida - Quick Facts

(RTTNews) - Insurance provider MetLife, Inc (MET) Tuesday announced that it has acquired The Loop, a 435,000 square foot outdoor retail center in Kissimmee, Florida.

MetLife bought the complex from an institutional client of AEW Capital Management, a real estate investment management services company.

The company noted that Loop is located on nearly 57 acres at the intersection of Osceola Parkway and John Young Parkway, south of Orlando's central business district.

Built in 2005, the property is 99 percent leased and has 43 tenants, including CVS Caremark Corp., Kohl's Corp., Michaels Stores, Petco, Regal Cinemas and The Sports Authority.