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19 Sep 11

Prologis leases 410,000 sq ft in Japan

Written by eyefortransport
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Prologis, Inc., has announced it has signed two leases totalling 410,200 sq ft in Prologis Park Kawajima, a multi-story speculative development near Tokyo, Japan. This new 1.55m sq ft facility, which integrates seismic resistance technology, is now 70% leased at completion.

The first lease comprises 327,200 sq ft with one of Prologis' largest global customers. The second lease includes an 83,000 sq ft expansion for Hitachi Collabonext Transport System Co., Ltd., a subsidiary of Hitachi Transport System, Ltd., a leading third-party logistics provider.

"Seeing significant demand for the remaining space in this facility makes us optimistic about the industrial real estate market in Japan," said Mike Yamada, Prologis' president for Japan. "Our customers continue to require modern facilities, built to higher seismic standards. Prologis anticipated this need, and we have been able to immediately fulfil our customers' requirements within our development portfolio."

 

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