(Read more on the industrial market.)
TOKYO-Headlined by a 305,000-sf commitment, AMB Property Corp.has fully leased a 470,000-sf industrial building underconstruction in an infill submarket near the city's air and seadistribution networks. The AMB Funabashi Distribution Center filledup one year ahead of projections, according to Guy Jaquier,president of the REIT's Asia and European divisions.
"In Japan, we see strong leasing momentum on newer, largerfloor-plate development projects," says Jaquier, who oversees AMB'seight-million-sf portfolio here. The brisk pace in populating thenewest facility also reflects tenant demand for state-of-the-artdistribution space in superior Japanese submarkets, addedJaquier.
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