Location Iwatsuki, Saitama, Greater Tokyo Area
Type Completed Development
Asset Type Logistics & Distribution Facility
Land Area 15,648 m²
Gross Floor Area 29,965 m²
Completion November, 2014
Structure SRC
Closing December, 2013
Exit April, 2015

 

The Iwatsuki Logisitics Center is located in the Greater Tokyo sub-market of Iwatsuki/Saitama, a desirable infill logistics location situated on National Route 16 and approximately 35 kilometers from the Tokyo CBD, with good access to key transportation networks. The asset was completed in November 2014 and was leased to Bridgestone Logistics Co., Ltd.

The facility is almost 30,000m² in size; over three stories with docks on the front and lateral sides of the building; and modern logistics features such as international standard floor loads of 1.5t/m², ceiling clear heights of 6.0 meters, LED lighting throughout and air conditioning on warehouse floors 2 and 3. The facility has five 3.5 ton cargo elevators, one palette lifter and the truck courts have 11 meter spans which accommodate 3 trucks each, with a total of 45 bays.

UI successfully exited the asset in April 2015, exceeding pro-forma price and timing expectations with respect to the exit.