Tokyo
CBRE Supports Junkudo Bookstore's Fukuoka Relocation
CBRE brokered the lease for the Fukuoka branch of Junkudo Bookstore Co., Ltd. which opened on August 7, 2020.
March 11, 2021
CBRE (Japan Headquarters: Marunouchi, Chiyoda-ku, Tokyo) brokered the lease for the Fukuoka branch of Junkudo Bookstore Co., Ltd. (Headquarters: Marunouchi, Chuo-ku, Tokyo; hereinafter Junkudo Bookstore) which opened on August 7, 2020.
In April 2020, CBRE was commissioned by Junkudo Bookstore to broker a lease agreement for the relocation of their Fukuoka store. With the completion of this project, Junkudo Bookstore opened a flagship store spanning over the first three floors of "Tenjin Nishi-Dori Square" along Tenjin Nishi-Dori.
Ikuhiro Nomura, executive officer of Junkudo Bookstore, who oversaw the project, said, "We had been looking for a new place space as Tenjin MMT building, where we had been located for about 20 years, was scheduled for redevelopment, but the tight market conditions made this very challenging. As we were navigating this situation, CBRE's retail broker introduced us to a property that fit our needs, and we were able to open the new store in about a months’ time since the previous store closing."
Noriaki Ogata (Senior Consultant, Advisory & Transaction Services | Retail, Fukuoka Branch, CBRE) added, "This was a challenging project due to its specific timeframe and the impact of the Tenjin Big Bang plan. Nevertheless, by leveraging CBRE’s strong network of building owners, we were able to attain details on and propose a suitable property that was not yet on the market. We will use this experience to continue to support and provide the highest level of solutions for our clients."
Project Outline
CBRE Department Involved:
Advisory & Transaction Services | Retail, Fukuoka branch
Company Name:
Maruzen Junkudo Bookstore Co., Ltd.
Facility Name:
Junkudo Bookstore Fukuoka Store
Address:
Fukuoka Tenjin Nishi-dori Square 1-3F, 1-15-1 Daimyo, Chuo-ku, Fukuoka-shi, Japan
Opening Date:
August 7, 2020
Scale:
Total approximately 720 tsubo
(Books 620 tsubo, stationery 75 tsubo, gallery 15 tsubo)
Collection of Books:
About 550,000 books
Products Sold:
Books, magazines, stationery
Entrusted Business:
Approach to owners associated with store openings, and facility leasing brokerage business
For inquiries about CBRE's Retail Services in Fukuoka
CBRE K.K. Fukuoka Branch Office, Advisory and Transaction Services | Retail
Noriaki Ogata <[email protected]>
CBRE Fukuoka Office
Fukuoka Center Building 6F, 2-2-1 Hakata-ekimae, Hakata-ku, Fukuoka-shi, Fukuoka 812-0011
TEL +81-92-472-1711
Disclaimer:
Neither CBRE nor its affiliated companies make any warranties or claims on the implied accuracy of the information contained herein.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com or our Japan office website at www.cbre.co.jp/en.
Official X account for Japan: @cbrejapan