Fukuoka REIT Sells 22% Stake in Tenjin North Front Building to ORIX JREIT for JPY 1.4B

Fukuoka REIT Corporation announced on August 28, 2025, that it has transferred a 22% quasi-co-ownership interest in the trust beneficiary rights of the Tenjin North Front Building, an office property located in Chuo Ward, Fukuoka City, to ORIX JREIT Inc. for JPY 1.397 billion.

This is the third transaction in a six-phase divestment plan totaling JPY 6.35 billion.

The property is a mid-sized office building completed in January 2010, located about a four-minute walk from Tenjin Station on the Fukuoka City Subway Airport Line. The building rises eight stories above ground with a gross floor area of approx. 2,315 tsubo (approx. 76,500 sq. ft.) and standard floor plates of approx. 212 tsubo (approx. 7,000 sq. ft.).

Key Facts

• Property Name: Tenjin North Front Building

• Buyer: ORIX JREIT Inc.

• Seller: Fukuoka REIT Corporation

• Transaction Price: JPY 1.397 billion

• Location: 4-20 Tenjin 4-chome, Chuo-ku, Fukuoka City, Fukuoka Prefecture

• Nearest Station: Tenjin Station (Fukuoka City Subway Airport Line), 4 minutes on foot

• Completion: January 2010

• Number of Floors: 8F

• Gross Floor Area: approx. 2,315 tsubo (approx. 76,500 sq. ft.)