#Japan #Tokyo #CBRE #Nittetsu Kowa #Trammell Crow

Nittetsu Kowa's Expansion in Global Logistics

Nittetsu Kowa Real Estate Co., Ltd., based in Minato, Tokyo, is broadening its horizons by participating in a logistics facility development project in Plainfield, Illinois. This project is a collaboration with Trammell Crow Company, a prominent developer from Dallas, Texas, and CBRE Group, Inc., a major real estate services firm in Japan. This marks Nittetsu Kowa's third foray into international logistics, following its initial projects in Chicago and Atlanta.

Project Overview

The logistics facility being developed is strategically located in the Chicago metropolitan area, renowned for its critical infrastructure that connects major cities on both the East and West coasts through Interstate Highways and freight rail systems. Chicago O'Hare International Airport serves as a gateway for air cargo in the region, making this area a logistics hub with the highest storage volume in the Midwest, amounting to approximately 1.4 billion square feet.

The proposed facility is set just southwest of the Chicago CBD, within an area experiencing a surge of logistics developments, the Far South West Suburbs. Its positioning provides excellent access to Interstate Highways I-55 and I-80, making it ideal for companies requiring storage and distribution centers for e-commerce and consumer goods.

Project Details

• - Location: 26220 W 143rd Street, Plainfield, IL
• - Site Area: Approximately 188,300 square meters (about 56,900 tsubo)
• - Total Floor Area: Approximately 73,200 square meters (about 22,100 tsubo)
• - Structure: Steel framework, one floor
• - Construction Period: May 2026 - June 2027 (Projected)
• - Builder: FCL Builders, LLC

_Note: The details provided are subject to change._

Nittetsu Kowa's Logistics Business

Since launching the Logistics Business Division in April 2018, Nittetsu Kowa has developed 23 logistics facilities under its flagship brand, LOGIFRONT. The company focuses on the needs of customers, providing innovative logistics spaces such as LOGIFRONT Koshigaya I and LOGIFRONT Amagasaki II. With its flagship property MFLP - LOGIFRONT Tokyo Itabashi completed in September 2024, Nittetsu Kowa aims to continue exploring various industrial real estate opportunities including warehouses with cranes, hazardous material storage, refrigerated warehouses, R&D facilities, and data centers.

Monitoring market trends closely, Nittetsu Kowa is committed to identifying high-quality business opportunities domestically and overseas, enhancing its logistics service prowess.

Nittetsu Kowa's International Ventures

Leveraging experience from its core businesses—office buildings, residential projects, and logistics development—Nittetsu Kowa is expanding internationally through joint ventures, such as the logistics facilities and multifamily homes. The company strives to secure stable revenues and long-term growth by adapting its investment approach to regional characteristics and market conditions.

Partner Companies

Trammell Crow Company: Established in 1948, this leading American developer has a portfolio exceeding 3,000 properties valued at around $90 billion, covering over 700 million square feet. A subsidiary of the CBRE Group since 2006, they operate 26 locations across the U.S. and Europe.

CBRE Group, Inc.: As the largest full-service commercial real estate services firm worldwide, CBRE has been a total solutions provider for corporate real estate in Japan since 1970, offering services such as leasing, sales, advisory functions, and property management.

Keihanshin Building Co., Ltd.: In operation since 1948, this firm offers diverse facilities including data centers and commercial properties, actively pursuing investments in U.S. real estate while adapting to future trends.

Through these collaborations, Nittetsu Kowa aims to contribute to innovative logistics solutions in the global marketplace.