From the Wires
Prologis Leases More Than 1.1 Million Square Feet in Three Japan Development Projects
By: PR Newswire
Nov. 15, 2012 07:00 PM
TOKYO, Nov. 15, 2012 /PRNewswire/ -- Prologis, Inc. (NYSE: PLD), the leading global owner, operator and developer of industrial real estate, today announced four new lease agreements totaling approximately 1.1 million square feet (104,269 square meters) in its Japan development portfolio. The transactions include:
"These four transactions, all with long-term customers, speak to the strength of our customer relationships and our ability to leverage our unmatched platform to meet their requirements," said Mike Yamada, president, Prologis Japan. "We continue to see very strong demand in the Japanese market and look forward to supporting the ongoing success of our customers."
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 as of September 30, 2012. Major Prologis customers in Japan include: Panasonic Logistics, Sagawa Express Group, Nippon Express, Kirin Logistics, Tomy Company, Yamato Logistics, Costco, Daikin Industries, and Caterpillar Logistics Services, Inc.
SOURCE Prologis, Inc.
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