SAN FRANCISCO—Prologis, Inc. has begun construction on an industrial complex in the Saitama Ken-O submarket of Tokyo.
Prologis Park Kawajima 2 is strategically located, adjacent to the Ken-O Expressway, and within 28 miles (45 kilometers) of Tokyo's central business district, will also give customers access to markets in Japan's northern region.
The state-of-the-art building will include a one megawatt solar system, an emergency disaster alert mechanism, and a groundwater remediation system. Prologis also plans to obtain CASBEE Saitama Class A certification for the facility — the highest possible ranking under the CASBEE rating system.
"We expect strong growth in demand for high-quality Class A logistics facilities in the area due to the ongoing reconfiguration of the supply chain in Japan and the lack of supply," said Mike Yamada, president, Prologis Japan. "We look forward to building a development that can serve this demand effectively and help our customers build more efficient distribution systems in the region."
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. Major Prologis customers, include: Hitachi Transport System, Panasonic Logistics, Sagawa Group, Nippon Express, Kirin Logistics, Tomy Company, Yamato Logistics, Costco, Daikin Industries, and Amazon Japan.
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