"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.

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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.

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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.

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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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