CBRE Provides Full Support for “Arai Provance Urayasu”, Arai Provance's First Self-developed Multi-tenant Logistics Facility

Comprehensive services included large-scale logistics facility project management, property management, and leasing

CBRE (Japan Headquarters: Marunouchi, Chiyoda-ku, Tokyo) recently supported the development of a multi-tenant logistics facility for real estate company Arai Provance Co., Ltd. (hereinafter Arai Provance).

In July 2019 Arai Provance entrusted CBRE with advisory and project management work for their new logistics facility development. In October 2021, CBRE was also mandated with property management services. The new multi-tenant logistics facility named “Arai Provance Urayasu” (steel-frame, four stories above ground, total floor area 34,598 sqm) in Urayasu City, Chiba Prefecture, was completed on October 28, 2021. Upon its completion, the main tenant Nittsu NP Logistics Co.,Ltd. moved in and the facility officially started its operations.

CBRE contributed to the execution of this project by proposing a development plan tailored to the client’s needs, combining its expertise in market research, development, design, and construction, to secure a high and stable income as sought after by the client.

Yoshio Arai, President and CEO of Arai Provance, who oversaw the project, said, “This project was a very important initiative in determining the direction of our future business strategy as we changed the direction of our core business from metal processing industry to real estate – two very different industries. CBRE proposed a facility with the optimal balance of schedule and cost, quality and grade, while taking into account the anticipated rent for a facility located in the Tokyo Bay area. Thanks to CBRE, a leader in the logistics real estate industry, we were able to fully supervise the development of the facility and start operations on schedule in October 2021, for which we are extremely grateful.”

CBRE’s Hiroyuki Iwatani (Project Manager, Project Management) also commented, “In order to meet the client’s goal of building a versatile facility that can be stably owned long-term, we thoroughly analyzed tenant demand in close cooperation with the logistics facility leasing brokerage division. In particular, when formulating the basic development plan, we took into consideration numerous factors. First, a location that was not only convenient for deliveries in the city center, but also for deliveries from the wider Tokyo metropolitan area. Second, the employment environment - one which was close to a residential area and therefore easier to attract talent. And third, a property that could accommodate the highest level of facility specifications in the industry. In addition, we liaised with the construction company and the design office to incorporate a garden onsite. This peaceful and beautiful space was another solution that catered to the client's business strategy.”

Exterior (taken from the east side)

Inside view (roadway)

Exterior (bus waiting room at night)

Project Outline

For inquiries about CBRE’s real estate development support services
Hiroyuki Iwatani (First-class architect / first-class construction management engineer)
Project Manager, Project Management, CBRE K.K.
[email protected]
Tel. 070-1528-4652

About CBRE Project Management
CBRE Project Management provides solutions for on-time and on-budget construction, renovation, and relocation using various resourcing models and unmatched expertise in multiple facility types (office, hotels, logistics, production facilities, R&D and data centers) - with customized solutions to ensure predictable, reliable, and successful results for our clients’ various occupancies. We have a vast network of partners including designers and contractors and we work in a transparent and accountable manner, ensuring the highest level of confidentiality and integrity throughout the process.

For inquiries about CBRE’s Property Management services
Haruo Ishikawa
Senior Director, Property Management, CBRE K.K.
[email protected]
Tel. 03-5288-9457

About CBRE Property Management
CBRE’s property management team works together in all aspects of comprehensive real estate management to help you optimize your assets and portfolio. We will strive to maximize the asset value from both sides of the profit and assets of the real estate we have entrusted, taking advantage of the size and achievements of the team. We also provide strategic means and state-of-the-art solutions for real estate in diverse markets and extremely difficult environments.

For inquiries about the leasing of “Arai Provance Urayasu”
Masaki Nakamura
Associate Director, Advisory & Transaction Services | Industrial & Logistics, CBRE K.K.
[email protected]
Tel. 03-5288-9830

About CBRE Advisory & Transaction Services | Industrial & Logistics
Powered by robust data analytics and a deep understanding of the Japan industrial & logistics market, our professionals align real estate strategies with our clients’ business objectives to create outcomes that build business advantage. Operating under a global umbrella, we are able to leverage our expert knowledge of the local market with global best practice, providing us with a market leading platform to advise our clients.
Our clients consistently turn to CBRE for market trend analysis, deal flow intelligence and actionable insights that drive powerful outcomes. CBRE professionals deliver scalable solutions for clients across property sales and leasing, land sales, asset management, supply chain design and business case rationalization, including analyzing economics, labor and freight costs.

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