ProLogis Pre-Leases 190,000 Square Feet at ProLogis Parc Zama I
December 15 2008 - 7:00AM
PR Newswire (US)
TOKYO, Dec. 15 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD), a
leading global provider of distribution facilities, announced today
that it has pre- leased approximately 190,000 square feet (17,600
square meters) near Tokyo to Arata Co., Ltd., a wholesale
distributor and third-party logistics provider. Arata will occupy
the space at ProLogis Parc Zama I, a five-story distribution
facility totaling more than 1.2 million square feet (113,000 square
meters) currently under construction in the city of Zama, near
Tokyo. Construction commenced in April 2008 and Arata is expected
to occupy the space upon completion in June of 2009. "Arata is a
valued customer and we are pleased to have been selected as their
distribution space provider in Zama," said Mike Yamada,
co-President of ProLogis in Japan. "This is our second lease with
the company; Arata currently occupies approximately 129,000 square
feet (12,000 square meters) at ProLogis Parc Funabashi in the city
of Funabashi, near Tokyo." The city of Zama is a central logistics
hub in Japan's Kanagawa Prefecture, providing convenient access to
the greater Tokyo and greater Nagoya areas. ProLogis Parc Zama I is
strategically located 25 miles from downtown Tokyo along Route 246,
a major north-south highway, and the Tomei Expressway, a high-speed
motorway that connects to Tokyo, Nagoya and Osaka. The park also is
near a commuter train station, which provides access to the area's
well-qualified workforce. "Because of ProLogis Parc Zama I's
location and many sustainable features -- including a photovoltaic
system, a seismic isolation system and rainwater recycling system
-- we are in discussions with several additional customers for
distribution space at the facility. We expect to have the majority
of the building leased prior to its opening," added Yamada.
ProLogis' Japan portfolio totals 38.2 million square feet (3.5
million square meters) of industrial space owned, managed or under
development. Major customers in the country include DHL, Nippon
Express, Panasonic Logistics, Askul, Hitachi Transport System,
Seiyu/Wal-Mart, Yamato Logistics, FedEx and Nikon. About ProLogis
ProLogis is the world's largest owner, manager and developer of
distribution facilities, with operations in 136 markets across
North America, Europe and Asia. The company has $40.8 billion of
assets owned, managed and under development, comprising 548 million
square feet (51 million square meters) in 2,898 facilities as of
September 30, 2008. ProLogis' customers include manufacturers,
retailers, transportation companies, third-party logistics
providers and other enterprises with large-scale distribution
needs. For additional information about the company, go to
http://www.prologis.com/. DATASOURCE: ProLogis CONTACT: Media, Mo
Sheahan, +1-303-567-5434, , or Investors, Melissa Marsden,
+1-303-567-5622, , both of ProLogis; or Suzanne Dawson of Linden
Alschuler & Kaplan, Inc., +1-212-329-1420, , for ProLogis Web
site: http://www.prologis.com/
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