Prologis, Inc. announced commencement of a new development project totaling 795,000 square feet (73,857 square meters) in Japan. Prologis Park Kitamoto is strategically located in Saitama Ken-O Expressway, a submarket of Tokyo. The facility, located within 29 miles (47 kilometers) of Tokyo's central business district, will also give customers access to the Sendai and Nagoya markets via the Ken-O Expressway.

The four-story facility is expected to be completed in early 2014.