Prologis Park Tsukuba 2, located in the greater Tokyo market, is a four-story 110,800 square meter distribution facility completed in September 2020. The facility is a build-to-suit for a leading e-commerce company in Japan that specializes in fashion.
The fashion retailer has been a Prologis customer since 2012, and Prologis Park Tsukuba 2 is the sixth project Prologis has completed for them, and the third build-to-suit completed for them in Tsukuba.
Tsukuba city was a new and untested market for Prologis when we first looked into the area in 2016. However, we felt it was ideal for the retailer’s e-commerce operations since the prospected development site was located near residential areas and train stations, allowing the company to source workers for fulfillment. The site is also close to major highways, making it ideal for on-time product delivery.
After Prologis Park Tsukuba 1-A and 1-B were developed, the retailer was highly satisfied with the Tsukuba market and the facilities, and decided to expand in the area. Now that Prologis Park Tsukuba 2 is completed, the company will strategically leverage the three buildings, serving as their core fulfillment centers. Prologis managed to further strengthen our relationship with our customer while testing a new market.
After the success of the retailer’s build-to-suit, Prologis decided to take a step further. Having established Tsukuba as a growing market, we determined to start developing our first multi-tenant in the area, Prologis Park Tsukuba 3.
