List Development Acquires Office Building Within Walking Distance of Shinjuku Station, Near Shinjuku Gyoen
List Development Co., Ltd. acquired the 'Nakanishi Building,' an office building near Shinjuku Station, on March 31, 2026. The company plans to increase the property's asset value through renovations.
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- 📰 Published: April 8, 2026 at 20:00
- 🔍 Collected: April 8, 2026 at 11:31
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List Development Co., Ltd. (President: Hiroyuki Kiuchi, Headquarters: Yokohama City, Kanagawa Prefecture; hereinafter 'LD'), a consolidated subsidiary of the comprehensive real estate company List Co., Ltd. (President: Naoyuki Kitami, Headquarters: Yokohama City, Kanagawa Prefecture), acquired the office building 'Nakanishi Building' (hereinafter 'the Property'), located within walking distance of Shinjuku Station, on March 31, 2026.
Background of the Acquisition
The Property features a highly convenient location accessible by multiple train lines, including a 7-minute walk from 'Shinjuku' Station on various JR lines, a 3-minute walk from 'Shinjuku Sanchome' Station, and a 4-minute walk from 'Yoyogi' Station. Shinjuku Station is a terminal station boasting the world's highest number of passengers, and the surrounding area has a concentration of companies in diverse industries, making it an area where stable office demand is expected.
Furthermore, the Property is a highly visible office building along Meiji-dori, located on the southeast side of Shinjuku Station. Given its location characteristics and convenience, we believe that stable tenant demand is expected to continue, and it will have an advantage in recruiting new tenants. We decided to acquire the Property because we judged that an improvement in asset value can be expected by implementing appropriate repair work on the existing building to achieve a value-up.
LD will continue to contribute to regional revitalization through our condominium sales and development business and our real estate solutions business, which maximizes the value of real estate.
[Nakanishi Building]
Address: 5-29-11 Sendagaya, Shibuya-ku, Tokyo
Access: 3-minute walk from 'Shinjuku Sanchome' Station (Tokyo Metro Marunouchi Line, Fukutoshin Line, Toei Shinjuku Line)
4-minute walk from 'Yoyogi' Station (JR Yamanote Line, Chuo/Sobu Line, Toei Oedo Line)
7-minute walk from 'Shinjuku' Station (Various JR Lines, Odakyu Odawara Line, Keio Line, Toei Shinjuku Line, Toei Oedo Line, Tokyo Metro Marunouchi Line)
Date Built: October 1988 (36 years old)
Scale/Structure: Steel-framed, steel-reinforced concrete flat roof, 15 floors above ground, 2 basement floors
Land Area: 237.76 sq m (71.92 tsubo)
Total Floor Area: 2,846.39 sq m (861.03 tsubo)
Lots: 29 office units, 28 parking spaces
[List Development Co., Ltd.]
Location: 4-47 Onoecho, Naka-ku, Yokohama City, Kanagawa Prefecture
Representative: Hiroyuki Kiuchi, President and Representative Director
Established: May 10, 1991
Business Overview: Planning, development, and sale of condominiums, detached houses, office buildings, and tenant buildings; buying, selling, and brokering of income-producing real estate; consulting on asset management; operations related to real estate property management
URL: https://listdevelopment.jp/
[List Co., Ltd.]
Location: LIST EAST BLD., 3-35 Onoecho, Naka-ku, Yokohama City, Kanagawa Prefecture
Representative: Naoyuki Kitami, President and Representative Director
Background of the Acquisition
The Property features a highly convenient location accessible by multiple train lines, including a 7-minute walk from 'Shinjuku' Station on various JR lines, a 3-minute walk from 'Shinjuku Sanchome' Station, and a 4-minute walk from 'Yoyogi' Station. Shinjuku Station is a terminal station boasting the world's highest number of passengers, and the surrounding area has a concentration of companies in diverse industries, making it an area where stable office demand is expected.
Furthermore, the Property is a highly visible office building along Meiji-dori, located on the southeast side of Shinjuku Station. Given its location characteristics and convenience, we believe that stable tenant demand is expected to continue, and it will have an advantage in recruiting new tenants. We decided to acquire the Property because we judged that an improvement in asset value can be expected by implementing appropriate repair work on the existing building to achieve a value-up.
LD will continue to contribute to regional revitalization through our condominium sales and development business and our real estate solutions business, which maximizes the value of real estate.
[Nakanishi Building]
Address: 5-29-11 Sendagaya, Shibuya-ku, Tokyo
Access: 3-minute walk from 'Shinjuku Sanchome' Station (Tokyo Metro Marunouchi Line, Fukutoshin Line, Toei Shinjuku Line)
4-minute walk from 'Yoyogi' Station (JR Yamanote Line, Chuo/Sobu Line, Toei Oedo Line)
7-minute walk from 'Shinjuku' Station (Various JR Lines, Odakyu Odawara Line, Keio Line, Toei Shinjuku Line, Toei Oedo Line, Tokyo Metro Marunouchi Line)
Date Built: October 1988 (36 years old)
Scale/Structure: Steel-framed, steel-reinforced concrete flat roof, 15 floors above ground, 2 basement floors
Land Area: 237.76 sq m (71.92 tsubo)
Total Floor Area: 2,846.39 sq m (861.03 tsubo)
Lots: 29 office units, 28 parking spaces
[List Development Co., Ltd.]
Location: 4-47 Onoecho, Naka-ku, Yokohama City, Kanagawa Prefecture
Representative: Hiroyuki Kiuchi, President and Representative Director
Established: May 10, 1991
Business Overview: Planning, development, and sale of condominiums, detached houses, office buildings, and tenant buildings; buying, selling, and brokering of income-producing real estate; consulting on asset management; operations related to real estate property management
URL: https://listdevelopment.jp/
[List Co., Ltd.]
Location: LIST EAST BLD., 3-35 Onoecho, Naka-ku, Yokohama City, Kanagawa Prefecture
Representative: Naoyuki Kitami, President and Representative Director