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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.

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