Frontier Real Estate Investment Corp. To Acquire Retail Building in Harajuku

Frontier Real Estate Investment Corp. will acquire Jingumae 4-chome Building, a retail building in Jingumae 4-chome, Shibuya Ward, Tokyo, on July 30, 2026. The planned acquisition price is JPY 1.8 billion, and the agreement was signed June 23. The seller is LVC Fund No. 24 LLC.

The property is located a four-minute walk from Meiji-jingumae Harajuku Station and a nine-minute walk from Omotesando Station, slightly set back from Harajuku-dori Avenue. The surrounding area has a concentration of apparel stores, lifestyle goods stores, restaurants and cafes, and is an area with active foot traffic among younger shoppers and inbound visitors to Japan.

The building was completed in 2006 and has three floors above ground, with a Gross Floor Area of approximately 73 tsubo (approx. 2,600 sq. ft.). STUDIOUS WOMENS Omotesando, the women’s format of select shop STUDIOUS, occupies the property. Other stores under the same brand, including STUDIOUS Harajuku Flagship Store, are located nearby, and the property forms part of the brand’s area-based store rollout.

The seller, LVC Fund No. 24 LLC, is an SPC related to the No. 24 fund of LEVECHY, a real estate crowdfunding service. The fund raised capital in June 2025 for the property, with an assumed operating period of 12 months, while indicating that it would proceed with sale activities after the start of operations. The transaction represents an exit for the fund through a sale to a J-REIT.

Frontier Real Estate Investment Corp., a retail-focused REIT, owns nearby properties including Desigual Harajuku and Takeshita-dori Square. In this transaction, the REIT evaluated the property’s visibility from Harajuku-dori Avenue, pedestrian circulation and brand appeal through the use of its facade, and will add the property to its portfolio as an urban retail facility.

Key Facts

• Property Name: Jingumae 4-chome Building
• Buyer: Frontier Real Estate Investment Corp.
• Seller: LVC Fund No. 24 LLC
• Transaction Price: JPY 1.8 billion
• Appraised Value: JPY 1.89 billion, as of May 1, 2026, by Daiwa Real Estate Appraisal Co.
• Location: 4-27-2 Jingumae, Shibuya Ward, Tokyo
• Nearest Stations: Four-minute walk from Meiji-jingumae Harajuku Station on the Tokyo Metro Fukutoshin and Chiyoda lines; eight-minute walk from Harajuku Station on the JR Yamanote Line; nine-minute walk from Omotesando Station on the Tokyo Metro Ginza, Hanzomon and Chiyoda lines
• Scheduled Acquisition Date: July 30, 2026
• Completion: April 2006
• Number of Floors: 3F, steel-frame construction
• Area: Site Area: approximately 48 tsubo (approx. 1,700 sq. ft.); Gross Floor Area: approximately 73 tsubo (approx. 2,600 sq. ft.)
• Number of Tenants: 1
• Occupancy: 100%