Breaking News

Tweet TWEET

Prologis Breaks Ground on a 795,000 Square Foot Development in Japan

     Prologis Breaks Ground on a 795,000 Square Foot Development in Japan

PR Newswire

SAN FRANCISCO, Jan. 16, 2013

SAN FRANCISCO, Jan. 16, 2013 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the
leading global owner, operator and developer of industrial real estate, today
announced commencement of a new development project totaling 795,000 square
feet (73,857 square meters) in Japan.

Prologis Park Kitamoto is strategically located in Saitama Ken-O Expressway, a
submarket of Tokyo. The facility, located within 29 miles (47 kilometers) of
Tokyo's central business district, will also give customers access to the
Sendai and Nagoya markets via the Ken-O Expressway. The four-story facility is
expected to be completed in early 2014.

"The Saitama Ken-O submarket has evolved into a prime distribution hub, in
part, due to Prologis' successful market entry at Prologis Park Kawajima,"
said Mike Yamada, president, Prologis Japan. "Demand for our industry-leading
facilities has been strong and we look forward to adding this state-of-the art
property to our portfolio."

Prologis is one of the leading providers of industrial real estate in Asia,
with approximately 21 million square feet (1.95 million square meters) of
logistics and distribution space in Japan. Major Prologis customers, include:
Hitachi Transport System, Panasonic Logistics, Sagawa Express Group, Nippon
Express, Kirin Logistics, Tomy Company, Yamato Logistics, Costco, Daikin
Industries, and Caterpillar Logistics Services, Inc.

About Prologis
Prologis, Inc. is the leading owner, operator and developer of industrial real
estate, focused on global and regional markets across the Americas, Europe and
Asia. As of Sept. 30, 2012, Prologis owned or had investments in, on a
consolidated basis or through unconsolidated joint ventures, properties and
development projects expected to total approximately 565 million square feet
(52.5 million square meters) in 21 countries. The company leases modern
distribution facilities to more than 4,500 customers, including manufacturers,
retailers, transportation companies, third-party logistics providers and other
enterprises.

SOURCE Prologis, Inc.

Website: http://www.prologis.com
Contact: Aki Tanizumi in Tokyo, +81 (3) 68609106, atanizumi@prologis.co.jp or
Atle Erlingsson +1-415-733-9495, aerlingsson@prologis.com or Tracy Ward,
+1-415-733-9565, tward@prologis.com, both in San Francisco
 
Press spacebar to pause and continue. Press esc to stop.