TOKYO—LaSalle Investment Management Inc. and sovereign-wealth fund China Investment Corp. have partnered to buy the Meguro Gajoen commercial complex in west-central Tokyo for about $1.2 billion (¥140B), according to reports in the Wall Street Journal, and other news outlets.
Meguro Gajoen, is an office building that is home to Amazon.com's Japan headquarters, also includes a wedding hall that built in the 1930s.The property changed hands just last August. Japanese developer Mori Trust Co paid about $1.1 billion then to acquire it from US investment fund Lone Star.
Reuters was unable to confirm the sale. The Wall Street Journal attributed its information to unnamed sources.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
