Transactions - MARCH 25, 2015

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Mitsubishi Estate sells another Tokyo office

by Andrea Waitrovich

Mitsubishi Estate has sold part of the Gran Tokyo South Tower to Goldman Sachs. Real Capital Analytics estimates the sales price to be ¥38.8 billion ($324 million).

The acquisition was for the floors 14 through 18. The 42-story CBD office tower totals 115,535 square feet. Major tenants include Recruit and Industrial Growth Platform.

Recently, Mitsubishi Estate sold a 5 percent partial interest in the 24-story Shiodome Building in Tokyo for ¥10.11 billion ($84.35 million) to Japan Real Estate Investment.

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