CBRE Forms Third Co-Investment Program for Japanese Partners in US Logistics Facilities

CBRE K.K. (Headquarters: Chiyoda-ku, Tokyo, President and COO Takashi Tsuji, hereinafter CBRE) has announced the formation of the third program in the "US Industrial Venture (UIV)" series, which provides Japanese companies with investment opportunities in US logistics facility development. This program follows the first program formed in 2024 and the second program formed in 2025, and is part of a strategic investment program continuously promoted by the CBRE Group. ■ Overview of this Program and Target Project Nippon Steel Kowa Real Estate Co., Ltd. (Minato-ku, Tokyo) and Keihanshin Building Co., Ltd. (Chuo-ku, Osaka) invested in this program. The target project for investment, "Plainfield Business Park, Phase II," is a large-scale logistics facility development undertaken by US-based Trammell Crow Company (TCC) in Plainfield, Chicago, Illinois. This project is the second phase of the Plainfield Business Park, located adjacent to the property invested in under the first program, and will further enhance the presence of the series in the Chicago metropolitan area. ■ Locational Advantages: "Chicago Metropolitan Area," the Largest Logistics Hub in the US The Chicago metropolitan area is the largest logistics hub in the United States, boasting the nation's No. 1 logistics warehouse area (approximately 1.4 billion square feet). Wide-area Access: The investment target property is in close proximity to Interstates 55 and 80. It can meet a wide range of needs, from long-distance domestic transportation to distribution within the metropolitan area. High Growth Potential: The "Far Southwest Suburbs" submarket, where the investment target property is located, is growing as a distribution hub against the backdrop of reasonable rent levels, excellent transportation convenience, and an abundant workforce. ■ One-Stop Support Utilizing CBRE Group's Strengths In this program, CBRE's Investment Banking and Asset Management divisions collaborate, and the investment is implemented through a US Limited Partnership (LP). Furthermore, by partnering with TCC, a top-tier developer in the US under the CBRE Group umbrella, CBRE provides one-stop support for Japanese companies investing in US real estate. Due to structural changes such as supply chain restructuring and the expansion of e-commerce demand, the US logistics facility sector is expected to see sustained growth going forward. By integrating TCC's advanced development expertise with CBRE Asset Management's operational capabilities, CBRE will continuously create opportunities for Japanese partners to strategically enter the growing US market and generate stable returns. ◆ Land for This Target Project (Surrounding Aerial View) US Chicago Plainfield Logistics Facility Development Project Phase II Project Name: Plainfield Business Park, Phase II Location: 143rd Street, Plainfield, IL (Chicago, Illinois, USA) Land Area: Approximately 188,000 sqm Total Floor Area: Approximately 73,000 sqm Structure: Steel-framed, single-story Use: Logistics facility Scheduled Construction Period: Start in May 2026, completion in June 2027 Investors: Nippon Steel Kowa Real Estate Co., Ltd. Keihanshin Building Co., Ltd. (In no particular order, investment through US corporations) Partner: Trammell Crow Company (TCC) TCC is a wholly owned subsidiary of the CBRE Group (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, Texas, USA, and a global real estate developer. Since its founding in 1948, it has developed and acquired over 3,000 buildings totaling more than 700 million square feet (approximately 65 million square meters) and valued at $90 billion. As of March 31, 2026, TCC has $19.4 billion of projects underway and a pipeline of $10.1 billion. With approximately 465 employees across 26 locations in the US and Europe, it provides services to users and investors in office, logistics and industrial, healthcare, life sciences, data centers, mixed-use, and other sectors. Through its wholly owned residential subsidiary, High Street Residential, it also engages in multi-family (apartment) development. www.TrammellCrow.com CBRE's Role: Entrusted with discretionary investment management business as the asset manager of UIV Providing investors and companies aiming to expand investments in the US with opportunities to utilize TCC's development capabilities and platform Selection of investment target sectors, cities, locations, and subsectors, and project due