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Mori Hills REIT buys Tokyo office for $744m

August 6, 2014


Andrea Waitrovich
Japanese developer Mori Building has sold its headquarters, the Ark Hills South Tower in Tokyo, ¥76.6 billion, or ¥197,515 per square foot ($744.4 million/$1,919 per square foot). Mori Hills REIT was the buyer of the 387,820-square-foot, 20-story office.

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