AMB Property Corp. said Wednesday that it entered the Beijing market with the acquisition of three buildings totaling about 306,000 square feet.

The buildings are part of the Beijing Airport Logistics Park, which is adjacent to Beijing Capital International Airport

"China's continued increase in both production levels and demand for consumer goods creates sustained requirements for logistics space," said Hamid Moghadam, AMB's (NYSE: AMB) chairman & CEO.

Industrial output was up 16 percent over a year ago for the 12 months that ended June 30, and retail sales were up 23 percent over the same period. Beijing's new airport has seen a 30 percent jump in cargo volume during the first four months of this year vs. a year ago.

Reflecting the strong demand for space to facilitate air cargo shipping, AMB signed two leases with two Fortune Global 500 companies for a total of 90,000 square feet before the acquisition closed. That's in addition to an existing tenant occupying 125,000 square feet. AMB did not identify the companies leasing space.

At the end of June, AMB's presence in China totaled approximately 2.3 million square feet of operating and under-development properties. In addition to Beijing Capital International Airport, AMB owns air cargo facilities in Asia at airports in Tokyo, Singapore and Seoul.