Hines has plans for the development of Namyang Logistics Center in South Korea.
The project represents the second cold-storage and third logistics development for Hines in the Asia Pacific region in the past six months.
The 460,000-square-foot, five-story logistics center is located in Hwaseong, a greater Seoul location between the Incheon Airport, Incheon Port and Pyeongtaek Port, which provides access to more than 20 million people within 30 miles. This multi-story center will target both cold and dry storage users, last-mile logistics providers and will feature market-leading clear heights of more than 30 feet, floor loads exceeding two tons, ample demising options and truck access to all levels of the building.
“Hwaseong is a strategic submarket for us as the fastest growing city in the Greater Seoul area, and this Hines quality development will give a superior advantage to our future tenants to better serve the region and meet consumer demand,” said Har
