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Japan Real Estate Insights by estie
Japan Real Estate Insights by estie
Japan Real Estate Insights by estie
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Higashi Nihon Jutaku Sells Office Building in Shiba Daimon, Minato Ward

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Higashi Nihon Jutaku Sells Office Building in Shiba Daimon, Minato Ward

Arozee Co., Ltd., a real estate regeneration specialist, acquired the office and retail building Shiba Daimon F Building in Minato Ward’s Shiba Daimon 1-chome in September 2025. The seller was Higashi Nihon Jutaku Co., Ltd. Arozee focuses on acquiring aging properties and enhancing their asset value through redevelopment and repositioning strategies, and the acquisition is likely aimed at a future value-add program.

The property is a reinforced concrete structure with five above-ground floors and one basement level, completed in July 1984. It has a gross floor area of approximately 228 tsubo (approx. 8,100 sq. ft.). The building is located within a six-minute walk of both Daimon Station on the Toei Oedo and Asakusa lines and Onarimon Station on the Toei Mita Line. The ground floor is used for retail, while the upper floors are occupied as office space.

Office rents around Daimon Station have been on an upward trend. According to estie market research, asking rents for comparable buildings in the area—those with a gross floor area of 100 to 500 tsubo and completed before 1995—have risen from the JPY 18,000-per-tsubo range in 2020 to around JPY 22,000 per tsubo in 2025.

Arozee positions itself as a real estate company dedicated to “revitalizing aging buildings and transforming them into high-value assets.” The company is headquartered in Ginza, Chuo Ward. The seller, Higashi-Nihon Housing, was founded in 1972 and operates 36 offices across the Greater Tokyo area, with a core business in brokerage of UR (public housing) and public corporation properties. The company is also engaged in rental property management and had owned the subject property for approximately 25 years, having acquired it in June 2000.

Key Facts

  • Property Name: Shiba Daimon F Building

  • Buyer: Arozee Co., Ltd.

  • Seller: Higashi Nihon Jutaku

  • Location: 1-6-1 Shiba Daimon, Minato-ku, Tokyo

  • Nearest Stations:

    • Daimon Station (Toei Oedo Line / Toei Asakusa Line), 6-minute walk

    • Onarimon Station (Toei Mita Line), 6-minute walk

  • Completion: July 1984

  • Number of Floors: 5F / B1

  • Gross Floor Area: Approx. 228 tsubo (approx. 8,100 sq. ft.)

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