"Hitachi Transport System is one of our largest customers inboth Japan and across the globe," said Mike Yamada, co-presidentfor ProLogis in Japan, in a statement. He said the agreement is the15th lease between the two companies.


Hitachi is operating the build-to-suit as a regionaldistribution center for the Aeon Group, a Japan-based provider ofretail and financial services. The company operates 11,000 retailstores throughout Asia, including the Jusco, MaxValu and Ministopchains.


The new facility is part of the 18-acre ProLogis Parc Kiyama, inKiyama City. ProLogis broke ground on it this week and expects tocomplete it by the end of this year or early next year.


Japan is not the only Asian country in which ProLogis isexpanding. Last week it acquired facilities in three South Koreancities for $86.3 million, bringing its holdings in that country tofour-million sf. The Denver-based company owns 526.3 million sf ofindustrial facilities around the globe.

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