Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TOKYO-Locally based Nippon Express Company Ltd. has preleased a 221,500-sf distribution facility that will be developed near here by San Francisco-based AMB Property Corp. Nippon Express is Japan’s largest freight forwarder.

The industrial logistics facility is located in Kashiwa, Japan, approximately 23 miles (37 kilometers) from central Tokyo. The property sits adjacent to the Kashiwa Interchange, which provides direct access to central Tokyo via the Joban Expressway and to Narita International Airport via Route No. 16. Construction is expected to begin in first quarter 2006. Completion is projected for the fourth quarter of 2006.

AMB Property Corporation has about 3.6 million sf of distribution facilities in Japan and 118 million sf worlwide. In addition to its first foray into Kashiwa, Nippon Express leases four AMB properties in North America.

Earlier this year, the AMB formed AMB Japan Fund I LP, a joint venture with 13 institutional investors, in which the company retained a 20% interest. The 13 institutional investors have committed $436 million (Yen 49.5 billion) for the remaining interest. AMB contributed to the fund $106.9 million in operating properties, consisting of six industrial buildings, aggregating approximately 900,000 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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.