Sumitomo Realty & Development Acquires NX Higashi-Shimbashi Office Building from Nippon Express

Sumitomo Realty & Development acquired the NX Higashi-Shimbashi Building, a small office property in Minato-ku, Tokyo, from Nippon Express in June 2025.

The property, completed in 1983, is a four-story steel-frame building with a gross floor area of about 144 tsubo (approx. 4,760 sq. ft.). It is a two-minute walk from JR, Tokyo Metro and Toei Asakusa Line Shimbashi Station, and a four-minute walk from Toei Oedo Line Shiodome Station.

The Shimbashi office market within a five-minute walk from the station remains strong. After exceeding 7% in 2022, the vacancy rate has since improved to around 2.1% across all grades, according to ”estie market research”.

In its 10th Medium-Term Business Plan announced in March 2025, Sumitomo Realty set an accelerated target for achieving operating profit, underpinned by the recovery of its core office leasing business, and has been ramping up its investment activities.

Key Facts

• Property Name: NX Higashi-Shimbashi Building

• Seller: Nippon Express Co., Ltd.

• Buyer: Sumitomo Realty & Development Co., Ltd.

• Transaction Price: Not disclosed

• Location: 1-2-8 Higashi-Shimbashi, Minato-ku, Tokyo

• Nearest Station: Shimbashi Station (JR, Tokyo Metro, Toei Asakusa Line) – 2 min walk / Shiodome Station (Toei Oedo Line) – 4 min walk

• Completion: October 20, 1983

• Number of Floors: 4F

• Gross Floor Area: approx. 144 tsubo (approx. 4,760 sq. ft.)