X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

TOKYO-Chelsea Japan Co., the outlet division of Simon Property Group, has opened the fourth phase of Sano Premium Outlets, near Tokyo, Japan. The 73,000-sf expansion brings the property to 393,000 square feet, containing 175 retail and restaurant tenants.

“Our philosophy has always been to expand where there’s success,” says a spokeswoman for Chelsea Property Group. “Tokyo is a huge market for us, and Sano has been a wonderful project.”

Located at the intersection of the Tohoku Expressway and Route 50, about 50 miles north of Central Tokyo, the center opened in 2003. It was expanded in July 2004, and again in 2006. Tenants include Armani, Coach, Cole Haan, Furla, Harrods, Lanvin, Nine West, OshKosh B’Gosh, Theory, Tumi and Wedgewood. New or upsizing tenants in the new phase include Escada, Etro, Gap, Gucci, Katharine Hamnett, Levi’s, Ralph Lauren, Salvatore Ferragamo, Seiko, Sergio Rossi, Under Armour and Yves Saint Laurent.

Approximately 14 million people live within a 90-minute drive of Sano in an area ranging from north Tokyo to north Tochigi. The Nikko area also attracts approximately 6.5 million visitors annually.

Sano is one of six Chelsea outlets operating in Japan, which as a group posted same store sales of $791 per square foot in 2007. The seventh, Sendai-Izumi Premium Outlets in Sendai City, opens in October, and Ami Premium Outlets will open in 2009. Chelsea Japan Co. is a joint venture of Simon Property Group, Mitsubishi Estate Co. Ltd. and Sojitz Corp.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.