ProLogis Lands Second Project in Hiroshima

(Read more on the industrial market.)

HIROSHIMA, JAPAN-Continuing to invest in the island nation’s industrial network, ProLogis has unveiled plans to construct a 154,000-sf warehouse in a major distribution hub on a fast-track basis. To be completed by year’s end, the property is being developed on behalf of SRI Logistics, a subsidiary of Sumitomo Rubber Industries.

“Like other leading companies here, [Sumitomo] is finding ways to create value by optimizing its logistics network and outsourcing real estate,” says Mike Yamada, co-president of Japan for ProLogis, in a release. “We’re extremely pleased to be serving as their distribution facilities provider in the Hiroshima market, and we look forward to broadening our relationship through continued participation in this strategically important business initiative.”