Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DENVER-ProLogis, one of the nation’s largest industrial real estate investment trusts, enters the Japanese market by signing a 20-year lease with DHL Japan Inc. for a 196,000-sf build-to-suit distribution center. The center is in Shinkiba.

DHL Worldwide Express is one of the world’s largest air express service companies, serving more than 85,000 destinations in 228 countries and territories.

It will be DHL’s largest distribution facility in Asia, serving as a hub for the company’s East Japan operations. The location provides easy access to both Tokyo and Narita airports.

DHL Worldwide Express is the world’s leading air express service company, linking more than 85,000 destinations in 228 countries and territories.

“Our agreement with DHL in Japan exemplifies ProLogis’ growth strategy fromday one,” says K. Dane Brooksher, chairman and CEO of ProLogis. ”We want to be positioned to provide distribution solutions to our customers in key global logistics markets. We build long-term relationships with customers with an aim toward expanding those relationships over time.”

The Japanese industrial market is a natural extension for ProLogis, says Stuart Gibson, vice president and country manager of ProLogis Japan. He adds there is a trend in Japan to build larger, more efficient distribution facilities.

Tatsuo Yaguchi, DHL’s operation director, says DHL and ProLogis have a long-standing partnership in many other parts of the world.

”ProLogis is our natural partner of choice to develop a distribution hub for our Japanese operations,” he says.

ProLogis is the world’s largest provider of distribution facilities and services, with 1,700 distribution facilities owned, operating or under development throughout North America, Europe and now Asia. Its total portfolio is 196.9 million sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.