(Read more on the industrial market.)
HIROSHIMA, JAPAN-Continuing to invest in the island nation'sindustrial network, ProLogis has unveiled plans to construct a154,000-sf warehouse in a major distribution hub on a fast-trackbasis. To be completed by year's end, the property is beingdeveloped on behalf of SRI Logistics, a subsidiary of SumitomoRubber Industries.
"Like other leading companies here, [Sumitomo] is finding waysto create value by optimizing its logistics network and outsourcingreal estate," says Mike Yamada, co-president of Japan for ProLogis,in a release. "We're extremely pleased to be serving as theirdistribution facilities provider in the Hiroshima market, and welook forward to broadening our relationship through continuedparticipation in this strategically important businessinitiative."
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