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March 23, 2018
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AMB Property Corp Leases 157k sf in Tokyo


AMB Property Corporation, a leading owner, operator and developer of global industrial real estate, today announced that it has leased approximately 157,200 square feet (14,600 square meters) at its AMB Tsurumi Distribution Center development in Tokyo, bringing the more than 687,400 square foot (63,850 square meter) facility to 93 percent leased.

AMB Tsurumi Distribution Center is a strategically-located multi-story facility situated on Tokyo Bay proximate to the ports of Yokohama and Kawasaki, Haneda Airport and major highways. The project was awarded an "A" ranking for an existing building by (CASBEE) Comprehensive Assessment System for Building Environmental Efficiency.

"Our development in Tokyo was designed and located to facilitate the rapid movement of goods and to reduce our customers' operational costs," said Michael A. Evans, AMB's managing director of Asia. "AMB partnered with our new customer to ensure their space requirements were met as they continue to enhance efficiencies in their distribution logistics network."

As of September 30, 2009, AMB's portfolio of operating and development properties in Asia totaled more than 16.1 million square feet (1.5 million square meters) of operating and under development properties, of which more than 10.5 million square feet (977,300 square meters) is located in Japan.

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