Announced details
Logistics warehouse development, logistics, distribution and long-haul transportation in the US Midwest
The Company invested in this project through its US subsidiary, Keihanshin Building America Co., Ltd. Trammell Crow Company and CBRE K.K. are promoting the project, while the Company and NIPPON STEEL KOWA REAL ESTATE CO., LTD. are jointly investing in it.
Trammell Crow Company Established in 1948. A commercial real estate developer based in Dallas, Texas, United States. It has developed or acquired approximately 3,000 buildings with a total area of approximately 65 million m². A subsidiary of CBRE Group, Inc. It has approximately 465 employees at 26 locations in the United States and Europe. / シービーアールイー株式会社 The Japanese subsidiary of the CBRE Group, based in Chiyoda-ku, Tokyo. It provides commercial real estate brokerage, property management, real estate appraisal, consulting and other services. It has approximately 1,800 employees at 8 locations in Japan, including subsidiaries. / 日鉄興和不動産株式会社 Established in 1997, with a founding date of 1952. A comprehensive real estate developer based in Minato-ku, Tokyo. It operates the LOGIFRONT logistics facility brand and has developed and operated 18 projects in Japan.
143rd St., Plainfield, IL (Plainfield, Illinois, United States)
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | Logistics warehouse development business |
| Counterparty | Trammell Crow Company, シービーアールイー株式会社, 日鉄興和不動産株式会社 |
| Counterparty overview | Trammell Crow Company Established in 1948. A commercial real estate developer based in Dallas, Texas, United States. It has developed or acquired approximately 3,000 buildings with a total area of approximately 65 million m². A subsidiary of CBRE Group, Inc. It has approximately 465 employees at 26 locations in the United States and Europe. / シービーアールイー株式会社 The Japanese subsidiary of the CBRE Group, based in Chiyoda-ku, Tokyo. It provides commercial real estate brokerage, property management, real estate appraisal, consulting and other services. It has approximately 1,800 employees at 8 locations in Japan, including subsidiaries. / 日鉄興和不動産株式会社 Established in 1997, with a founding date of 1952. A comprehensive real estate developer based in Minato-ku, Tokyo. It operates the LOGIFRONT logistics facility brand and has developed and operated 18 projects in Japan. |
| Relationship with the Company | The Company invested in this project through its US subsidiary, Keihanshin Building America Co., Ltd. Trammell Crow Company and CBRE K.K. are promoting the project, while the Company and NIPPON STEEL KOWA REAL ESTATE CO., LTD. are jointly investing in it. |
| Launch date | Scheduled completion: June 2027 |
| Applicable area | Logistics warehouse development, logistics, distribution and long-haul transportation in the US Midwest |
| Location | 143rd St., Plainfield, IL (Plainfield, Illinois, United States) |
| Location scale | Site area: approximately 188,000 m², or approximately 57,000 tsubo. Total floor area: approximately 73,000 m², or approximately 22,200 tsubo. Single-story steel-frame building. |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company aims to shift to an earnings structure that balances stability and growth by investing in overseas real estate expected to offer growth potential, in line with its long-term management plan. It also aims to expand its US business by accumulating expertise and knowledge in logistics warehouse development in the United States.