ITOCHU announces the completion of I MISSIONS PARK Noda and I Missions Park MISSIONS PARK Sakai, Large-Scale Multi-Tenanted Logistics Centers
August 1, 2016
ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that work on the I MISSIONS PARK Noda (Location: Noda City, Chiba) was completed on February 28, 2016, and that work on the I MISSIONS PARK Sakai (Location: Sakai City, Osaka) concluded on June 24, 2016. ITOCHU is now actively seeking tenants to lease these properties, which are large-scale multi-tenant logistics centers developed as part of ITOCHU’s initiatives announced on September 9, 2014 to accelerate the development and increase asset value in the logistics and real estate areas in Japan. Encouraged by the many inquiries it has received from customers, ITOCHU is aiming to operate these properties at full capacity as soon as possible.
The I MISSIONS PARK Noda offers excellent access to the Kashiwa Interchange (approx. 11 km from the center) on the Joban Expressway, making it conveniently located for distribution to the Tokyo metropolitan area and a large portion of eastern Japan.
The I MISSIONS PARK Sakai is located in the Osaka Bay area, an ideal location for logistic facilities, and offers outstanding access to the Sanbo IC (approx. 1.5 km from the center) and Hanshin Expressway, allowing for local deliveries to Osaka City and Sakai City as well as deliveries to the greater Kinki area.
The two properties, both of which have four floors above ground, are logistics facilities for multiple tenants equipped with loading bays for trucks and ramp ways. They are not only designed to address the diverse needs of many industries, but feature an environmentally friendly design and are equipped with green parking lots and solar power generation facilities. In addition, the I MISSIONS PARK Sakai uses LED lighting throughout the entire building.
ITOCHU has set out a policy of actively developing multi-tenanted logistics centers like these two properties to address the future needs of customers and changes in the supply chain. It is currently working on a new property in Tsukubamirai City, Ibaraki Prefecture (Floor area: 27,000 m2, Completion: Spring 2017). It has also started development in Adachi Ward, Tokyo (Floor area: 28,000 m2, Completion: Spring 2018). The accumulation of logistics and real estate towards the formation of a logistics and real estate REIT is already expected to reach a total project amount of 15 billion yen. Moving forward, we intend to accelerate investment.
Outline of buildings
|Name||I MISSIONS PARK Noda (2-1, 2-chome Izumi, Noda City, Chiba)|
|Site area||Approx. 31,000 m2|
|Floor area||Approx. 74,000 m2|
|Name||I MISSIONS PARK Sakai
(No. 175, 1-chome, Yawatamachi, Chikkou, Sakai Ward, Sakai City, Osaka)
|Site area||Approx. 54,000 m2|
|Floor area||Approx. 125,000 m2|
Photo of completed I MISSIONS PARK Noda
Photo of completed I MISSIONS PARK Sakai
Artist’s impression of the loading bay of I MISSIONS PARK Sakai