TOKYO-Start Today Co. Ltd., a local apparel retailer, has signed with Prologis Inc. to lease more than 1.1. million square feet at a new distribution facility here. A statement by the company promises that Prologis Park Narashino 4, which seems to indicate the one building, will have earthquake-resistant technology.
Mike Yamada, president of Prologis Japan, said the tenant, which operates its sales through an Internet shopping portal, already operates a distribution hub at the adjacent Prologis Park Narashino 3. Both parks are about 10 miles from the Tokyo CBD. “"Demand for our facilities here has been exceptionally strong, and we expect healthy market conditions to persist for the foreseeable future given the rapid expansion in e-commerce and continued implementation of new business continuity plans,” he said in statement.
Construction will start in May and is expected to be completed by August 2013. The facility will incorporate seismic isolation technology, an earthquake alert system and an emergency power generator.
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