AMB Property Corporation(R) Leases 327,000 SF in Nagoya Development

"We are very pleased to welcome this important new customer to AMB Kasugai Distribution Center, which meets their needs for a strategic location and a highly functional facility," said Michael A. Evans, AMB's managing director, Asia. "This transaction is a prime example of the continued need for quality distribution and logistics facilities supporting Japan's ongoing reconfiguration to a modern supply chain."

"Japanet Takata, in line with its policy of keeping operations in-house, has decided to consolidate two existing logistics facilities into the highly efficient AMB Kasugai Distribution Center, which will enable us to handle twice our current sales volumes," said Akira Takata, Japanet Takata's president.

AMB Kasugai Distribution Center, a 986,000 square foot (91,600 square meter) multistory development, is located in the Akechi-Kasugai industrial area of Nagoya. Earlier this year, it was the first logistics facility to receive the highest ranking of certification by the Comprehensive Assessment System for Building Environmental Efficiency (CASBEE) for sustainable building design.

As of June 30, 2009, AMB's portfolio of operating and development properties in Asia totaled approximately 16.2 million square feet (1.5 million square meters), of which more than 10.5 million square feet (976,800 square meters) is located in Japan.