The new facility will become Costco's main distribution hub forits locations throughout Japan.

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"Costco is a growing retailer in Japan, with strong brandrecognition and a track record of success in many locationsworldwide," says Mike Yamada, president of Japan for ProLogis, in astatement. "We are pleased the company has selected ProLogis as itsdistribution space provider in Ichikawa City and we look forward toan ongoing relationship with Costco." This is the first leasebetween ProLogis and Costco.

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The five-story, 1.3-million-square-foot ProLogis Parc Ichikawa Isits at the intersection of the Wangan expressway and Route 357.The property is no stranger to food-based retailers with leasesunderway from Food Service Network Co. Ltd., United Foods Co.Ltd.

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At the beginning of the year, Trancom Co. Ltd., a third-partylogistics provider, leased 93,000 square feet in the facility.Also, Yomiuri Information Service Inc. took 168,000 square feet inorder to provide space for the company's light assembly and paperadvertisement distribution.

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At the time of these transactions, Yamada says, "We continue toexperience strong interest for distribution space at ProLogis ParcIchikawa I. The facility is strategically located and offers a hostof sustainable features, which is becoming an important competitiveadvantage in today's market. We welcome our new customers to thepark and expect that it will provide value to their distributionnetworks."

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