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The acquisition includes three buildings totaling 300,000 square feet. Which it said are fully leased to three separate leading Japanese companies. The properties are located in Akishima City, a logistics hub roughly fifty kilometers from Tokyo's central business district.
ProLogis said that it acquired the portfolio from "a major real estate company in Japan" that invests in residential, commercial and office markets.
The company's Japan portfolio totals 37.1 million square feet of industrial space owned, managed or under development. ProLogis' major customers in the country include DHL, Nippon Express, Panasonic Logistics, Askul, Sanyo Electric Logistics, Seiyu/Wal-Mart, Yamato Logistics, FedEx and Nikon.
Denver-based ProLogis is an owner, manager and developer of distribution facilities with operations in 132 markets across North America, Europe and Asia. The company owned, managed or had under development $542.3 million square feet in 2,884 properties as of June 30.
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