CUBE KAWASAKI BUILDING

  • The building was formerly a data center of IBM, acquired in December 2002 in a sale and lease back transaction with IBM.
  • IBM was able to execute a phased withdrawal.
  • APL converted the building to a multi-tenant office building.
  • Successful exit through sale.

Strengths / Highlights

  • Converted the data center to multi-tenant office building.
  • Leased former IBM space in time for a fiscal year end sale.

Acquisition Date

December 2002

Location

Kanagawa

Property Type

Office

Property Size

41,294 sqm

Image #2 courtesy of MCUBS MidCity Investment Corporation