ProLogis to build 'ProLogis Parc Maishima II' in Japan
01 Feb '06
3 min read
ProLogis, a leading global provider of distribution facilities and services, has informed that it will build a major new distribution facility in Japan for Hitachi Transport System Ltd, a third-party logistics company and subsidiary of Hitachi, one of the world's largest providers of consumer electronics and other products and services.
The five-story facility -- ProLogis Parc Maishima II -- will be developed in Osaka and comprise 569,000 square feet. Completion is expected in the second half of 2006.
Mike Yamada, Managing Director of ProLogis in Japan, said, "ProLogis has developed a close relationship with Hitachi Transport since entering the Japanese market in 2001."
"Today, Hitachi leases more than 1.2 million square feet from us in multiple locations across the country. We're very pleased to announce this latest transaction, which underscores the value ProLogis can deliver to its strategic customers as they build, extend and streamline their logistics operations," he added.
Hitachi Transport currently leases from ProLogis in the following additional locations in Japan:
1. 801,000 square feet at ProLogis Parc Kazo outside Tokyo;
2. 199,000 square feet at ProLogis Parc Tomiya in the port city of Sendai;
3. 137,000 square feet at ProLogis Parc Narita II near Tokyo's Narita International Airport;
4. 87,000 square feet at ProLogis Parc Yokohama in the city of Yokohama.
The company also leases 176,000 square feet from ProLogis in Tijuana, Mexico.
marketing@alchempro.com
