Marimo Acquires “M.BALANCE+ IKEBUKURO SOUTH” in Tokyo’s Toshima Ward

Marimo Co., Ltd., a Hiroshima-based residential developer best known for its nationwide condominium brand “Polestar,” has acquired M.BALANCE+ IKEBUKURO SOUTH in Toshima Ward, Tokyo, from LEVECHY Inc. In addition to its for-sale condominium business, Marimo is also active in income-producing real estate and has been steadily expanding its acquisition activity in the Greater Tokyo area.

The acquired asset is a mixed-use building primarily comprising office space. Completed in 1990, the reinforced concrete structure rises five stories above ground with one basement level and has a gross floor area of approximately 242 tsubo (approx. 8,660 sq. ft.). The property is located a seven-minute walk from the east exit of Ikebukuro Station. The Minami-Ikebukuro area, close to Sunshine City, is characterized by a balance of vibrant commercial activity and the calm of surrounding residential neighborhoods.

In the Ikebukuro Station area, vacancy rates for small- to mid-scale office buildings—those completed before 1995 with gross floor areas between 100 and 500 tsubo—within a 10-minute walk of the station have tightened to the low-1% range as of December 2025. Vacancy had hovered around 3% in the first half of 2023, but since then supply–demand conditions have tightened, available leasing inventory has continued to decline, and average asking rents have been holding at around JPY 16,000 per tsubo (based on editorial analysis using estie market research data).

Key Facts

• Property Name: M.BALANCE+ IKEBUKURO SOUTH (formerly Ikebukuro Joli Marie Building)

• Buyer: Marimo Co., Ltd.

• Seller: LEVECHY Inc.

• Location: 2-5-2 Minami-Ikebukuro, Toshima-ku, Tokyo

• Access:

  • 2-minute walk from Toden Arakawa Line “Toden-Zoshigaya” Station

  • 7-minute walk from JR Yamanote Line “Ikebukuro” Station

• Completion: July 1990

• Number of Floors: 5F / B1

• Gross Floor Area: Approx. 242 tsubo (approx. 8,660 sq. ft.)