ProLogis Leases 250,000 Square Feet in Japan
October 06 2009 - 7:00AM
PR Newswire (US)
- Nipro Corporation Will Occupy Development Portfolio Space at
ProLogis Parc Osaka II, Bringing Building to 96 Percent Occupancy -
OSAKA, Japan, Oct. 6 /PRNewswire-FirstCall/ -- ProLogis (NYSE:PLD),
a leading global provider of distribution facilities, announced
today it has leased 250,000 square feet (23,300 square meters) of
newly developed distribution space in Japan during the third
quarter to Nipro Corporation, a leading global manufacturer and
distributor of medical equipment, pharmaceuticals and glass
products. Nipro will occupy the space at ProLogis Parc Osaka II,
located near the Port of Osaka. The new customer will use the space
for light assembly and distribution of its products throughout
western Japan. This lease brings ProLogis Parc Osaka II to 96
percent occupancy. "We are very pleased to sign our first lease
agreement with Nipro, a well-established and highly respected
Japanese company," said Mike Yamada, ProLogis president of Japan.
"The customer is headquartered in Osaka and required new
distribution space to consolidate and expand its existing
facilities in the same area in order to support its growing
business. ProLogis Parc Osaka II is a good fit for Nipro due to its
strategic location near the Port of Osaka and the building's many
modern amenities." ProLogis Parc Osaka II is an eight-story,
1.4-million-square-foot (132,000-square-meter) distribution
facility. The building incorporates a number of sustainable
features including two, four-kilowatt wind turbines, wall-surface
greenery and a state-of-the-art, pre-cast concrete seismic
isolation system. ProLogis is one of the largest providers of
distribution space in Japan with approximately 8.5 million square
feet (794,000 square meters) completed and under development, as
well as 98 acres (39.7 hectares) of land available for future
development. Major ProLogis customers in Japan include Kirin
Logistics, Yamato Logistics, Konoike Transport, Costco, Daikin
Industries, Sanyo Electric Logistics and Kintetsu World Express.
About ProLogis ProLogis is a leading global provider of
distribution facilities, with more than 475 million square feet of
industrial space (44 million square meters) in markets across North
America, Europe and Asia. The company leases its industrial
facilities to more than 4,500 customers, including 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: Investors,
Melissa Marsden, +1-303-567-5622, , or Media, Mo Sheahan,
+1-303-567-5434, , 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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