Transaction marks largest ever single-asset logistics acquisition in Fukuoka, demonstrating Kyushu’s emergence as a major regional investment market in Asia
Heitman LLC, a global real estate investment management firm, has announced the acquisition of the Tosu Central Distribution Center (Tosu Central DC), located within one of Kyushu’s most prominent logistics hubs. The transaction represents the largest single-asset logistics acquisition ever completed in the greater Fukuoka market, underscoring Kyushu’s growing importance as a regional investment destination in Asia.The investment was executed on behalf of Heitman-managed funds in partnership with strategic capital partners Mitsubishi HC Capital Realty Inc. and SMFL MIRAI Partners Company, Limited, a subsidiary of Sumitomo Mitsui Finance and Leasing Company.
Tosu Central DC is a modern logistics facility offering approximately 17,676 tsubo (628,968 square feet) of leasable space across two wings. The property is designed for high operational efficiency, featuring pillarless truck berths that enable side-by-side loading and reduce vehicle waiting times. It is certified CASBEE A and incorporates strong sustainability credentials, including more than 6,200 rooftop solar panels expected to generate over 4.4 million kWh of renewable energy annually.
The acquisition leverages Heitman’s global expertise in real estate sourcing and value creation, combined with the local equity and debt capital markets capabilities of Mitsubishi HC Capital Realty and SMFL MIRAI Partners.
According to Heitman, Tosu benefits from advanced manufacturing growth and expanding distribution activity across Kyushu. The firm believes the asset is well positioned to serve a broad tenant base as operations in the region continue to scale.
The distribution center is strategically located just 2.3 kilometers from the Tosu Interchange, where the Kyushu, Nagasaki, and Oita expressways converge, providing direct access to the entire Kyushu region. Its proximity to the Amagi Railway further enhances workforce accessibility and operational convenience for tenants.
Industry leaders note that the Tosu and greater Fukuoka markets have rapidly evolved into core logistics hubs, supported by more than ¥6 trillion in semiconductor-related capital investment over the past four years. Fukuoka also continues to rank among Japan’s fastest-growing cities, driven by infrastructure development and steady population growth.
The acquisition aligns with Heitman’s broader expansion strategy in Japan, where the firm continues to build exposure across logistics, residential, self-storage, and office assets. Most recently, Heitman also completed the acquisition of a nine-asset residential portfolio in Fukuoka, reinforcing its long-term commitment to the Japanese real estate market.
ABOUT HEITMAN:
Heitman is a global real estate investment management firm with $48 billion in assets under management as of September 30, 2025. Founded in 1966 and globally headquartered in Chicago, with European headquarters in London, Heitman has 10 offices worldwide and is an active participant in the global real estate property and capital markets. Heitman makes real estate investments through private equity, debt, and publicly traded real estate securities.