Development Meets Demand In Japan
The new facility, Prologis Park Kawajima 2, neighbors Prologis Park Kawajima, a 1.5 million square foot (144,200 square meter) fully leased development in the Kawajima Interchange Industrial Park, which opened in March 2009. Strategically located 28 miles (45 kilometers) northwest of Tokyo’s central business district, this location takes advantage of its connection to the Ken-O Expressway, which will form a full outer ring surrounding the Tokyo metropolitan area when complete in 2015. By planning ahead and securing this interchange property while the expressway is in development, Prologis is able to give customers easy access to both northern and western Japan as well as Tokyo itself. These two Prologis parks essentially turned the Saitama Ken-O submarket into a logistics hub.
The state-of-the-art Kawajima 2 facility will include a one megawatt rooftop solar installation, an emergency disaster alert mechanism and a groundwater remediation system. Adhering to high environmental design standards as a rule for all new development, Prologis also plans to obtain CASBEE Saitama “A” certification for the facility. Construction is expected to begin in April of this year and be complete in February 2014.
"We expect strong growth in demand for high-quality Class-A logistics facilities in the area due to the ongoing reconfiguration of the supply chain in Japan and the lack of supply," said Mike Yamada,president, Prologis Japan. "We look forward to developing a building that can serve this demand effectively and enhance our customers’ distribution efficiency in the region."