List Development Acquires Office Building in the Shinjuku–Yoyogi Area

List Development, a consolidated subsidiary of List, acquired the office building Nakanishi Building in Sendagaya 5-chome, Shibuya Ward, on March 31, 2026. The property offers strong transit access, located a three-minute walk from Shinjuku-sanchome Station, a four-minute walk from Yoyogi Station, and a seven-minute walk from Shinjuku Station, providing access to multiple rail lines. It is also close to Shinjuku Gyoen.

The property is a 15-story office building with two basement levels, built with steel and steel-reinforced concrete construction, and was completed in October 1988. It has a Gross Floor Area of approximately 861 tsubo (approx. 30,620 sq. ft.) and a site area of approximately 72 tsubo (approx. 2,561 sq. ft.). The building comprises 29 office units and 28 parking spaces. Situated along Meiji-dori on the southeast side of Shinjuku Station, it is a highly visible office asset. List Development plans to carry out repair work on the existing building to enhance its value.

Around Shinjuku Station, large-scale redevelopment based on the Shinjuku Grand Terminal concept is underway. The West Exit district is scheduled for completion in fiscal 2029, while the Southwest Exit South district is scheduled for completion in fiscal 2028.

Key Facts

• Property Name:

  Nakanishi Building

• Buyer:

  List Development Co., Ltd.

• Seller:

  Undisclosed

• Acquisition Price:

  Undisclosed

• Location:

  5-29-11 Sendagaya, Shibuya-ku, Tokyo

• Nearest Stations:

  3-minute walk from Shinjuku-sanchome Station on the Tokyo Metro Marunouchi Line, Fukutoshin Line, and Toei Shinjuku Line; 4-minute walk from Yoyogi Station on the JR Yamanote Line, JR Chuo-Sobu Line, and Toei Oedo Line; 7-minute walk from Shinjuku Station on the JR lines, Odakyu Odawara Line, Keio Line, Toei Shinjuku Line, Toei Oedo Line, and Tokyo Metro Marunouchi Line

• Completion:

  October 1988

• Number of Floors:

  15F / B2

• Structure:

  Steel / Steel-Reinforced Concrete

• Area:

  Gross Floor Area approx. 861 tsubo (approx. 30,620 sq. ft.); Site area approx. 72 tsubo (approx. 2,561 sq. ft.)

• Number of Units:

  29 office units, 28 parking spaces