AMB fills out Tokyo industrial facility
Industrial real estate firm AMB Property Corp. said Monday it has fully leased AMB Funabashi Distribution Center 5, a 469,000-square-foot industrial development in Tokyo.
Atena Co. Ltd., a fulfillment and logistics company, has leased 306,000 square feet of the facility to serve as its main Kanto region distribution center. Logistics firm Kintetsu World Express has leased 83,000 square feet to serve the greater Tokyo Metropolitan area and KoKubu & Co. Ltd., a food products and consumer goods manufacturer, wholesaler and distributor, occupies the remaining 80,000 square feet of the building.
AMB Funabashi Distribution Center 5 is located in a prime infill distribution submarket of Tokyo, with access to Narita and Haneda airports, and to the Tokyo and Chiba ports in Japan’s largest harbor. The Funabashi submarket benefits from the area’s highway infrastructure, and is well suited to facilitate the efficient distribution and transportation of goods.
San Francisco-based AMB’s Japan portfolio totals more than 8 million square feet, and comprises operating and development real estate in Tokyo, Nagoya and Osaka. As of March 31, AMB owned, or had investments in, about 128.2 million square feet of industrial and office property in 40 markets within 13 countries.