Acquisition of Land for the 270 Brannan (Tentative Name) Office Building
Development Project and Establishment of a Branch in San Francisco

January 8, 2014
Mitsui Fudosan Co., Ltd.

Through its U.S. subsidiary Mitsui Fudosan America, Inc., Mitsui Fudosan Co., Ltd. has acquired land in San Francisco for the development of an office building complex tentatively named the 270 Brannan Development Project. At the same time, the Company established its third branch in the U.S. in San Francisco, after New York and Hawaii, to strengthen its platform in the West Coast for capturing and promoting business opportunities.

The tentatively named 270 Brannan Development Project is located in the heart of San Francisco’s SOMA (South of Market) district, which is in high demand these days from companies in the IT and other industries. The site is within walking distance from the Caltrain San Francisco Station, and is convenient for transportation with freeway ramps nearby. It is located in an excellent office environment, surrounded by the good residential neighborhoods of the South Beach district and featuring easy access to work, living and entertainment with many fine restaurants and bars nearby.

The development is a medium-sized office building complex with two wings, North and South, providing 181,461 square feet (approx. 16,858 m²) in rentable space. Plans call for the development of a “creative” office space sought by IT companies, with high ceilings, wide floor plates, and a courtyard to inspire intellectual creativity in employees. Construction of the project to commence in summer 2014 is scheduled for completion in fall 2015.

This project marks Mitsui Fudosan’s first collaboration with SKS Investments, a local developer with a superb track record in San Francisco.

The Mitsui Fudosan Group is aiming to build a high-quality business portfolio in Europe and North America, consisting mainly of the office building leasing business, and has positioned the overseas business as one of its growth areas. Apart from the 270 Brannan Development Project, the Group has an office building leasing business comprised of six properties in New York, Washington D.C., and San Francisco, and is developing residences for lease to individuals in New York. In Hawaii the Group operates a hotel business comprising two properties, including the Halekulani Hotel. Business development in Asia is centered on condominiums and retail properties, where demand is expanding as economies grow and urbanize. Mitsui Fudosan is planning to invest approximately 500 billion yen in overseas business by FY2017 in its Innovation 2017 long-term investment plan.

Perspective drawing of the exterior

Perspective drawing of the interior

Perspective drawing of the courtyard

Perspective drawing of an office floor

Perspective drawing of the roof deck

Perspective exterior drawing of the entrance

1. Property Overview

Property Name	270 Brannan Development Project (tentative name)
Location	270 Brannan Street, San Francisco, California
Structure	North wing 7 Floors, South wing 5 Floors
Site area	37,813 ft2 (approx. 3,513 m2)
Rentable space	181,461 ft2 (approx. 16,858 m2) Standard floor area: North wing 15,000 ft2 (1,393 m2), South wing 16,000 ft2 (1,486 m2)
Applications	Offices
Schedule	Construction start (planned) fall 2014 Completion (planned) fall 2015

2. San Francisco Branch Overview

Name	Mitsui Fudosan America, Inc. San Francisco Branch
Location	71 Stevenson Street, Suite 400 San Francisco, CALIFORNIA, 94105, USA
Representative	Branch Manager: Kenji Yamamoto
Opened	November 2013

3. Maps

Continental map

Local map

Click here to enlarge

Attachment 4. Business Development in the U.S.

Office Building Leasing Business

(1) 1251 Avenue of the Americas (completed 1972)

Location	1251 Avenue of the Americas, New York
Acquired	1986
Site area	99,359 ft2 (approx. 9,231 m2)
Rentable space	2,355,167 ft2 (approx. 218,802 m2)
Floors	54 above ground, 4 below ground
Applications	Offices and commercial facilities

(2)527 Madison Avenue (completed 1986)

Location	527 Madison Avenue, New York
Acquired	2008
Site area	11,650 ft2 (approx. 1,082 m2)
Rentable space	229,893 ft2 (approx. 21,358 m2)
Floors	26 above ground, 1 below ground
Applications	Offices and commercial facilities

(3) Homer Building (completed 1914)

Location	601 13th Street NW, Washington, D.C.
Acquired	2012
Site area	43,318 ft2 (approx. 4,024 m2)
Rentable space	421,901 ft2 (approx. 39,196 m2)
Floors	12 above ground, 5 below ground
Applications	Offices, commercial facilities and parking

(4)1200 17th Street Development Project (tentative name; completion planned fall 2014)

Location	1200 17th Street NW, Washington D.C
Acquired	2012
Site area	17,013 ft2 (approx. 1,581 m2)
Rentable space	168,757 ft2 (approx. 15,678 m2)
Floors	11 above ground, 2 below ground
Applications	Offices and commercial facilities

Residential Leasing Business

(1)160 Madison Project (tentative name; completion planned summer 2015)

Location	160 Madison Avenue, New York
Acquired	2013
Site area	21,500 ft2 (approx. 1,997 m2)
Rentable space	258,000 ft2 (approx. 23,969 m2)
Floors	42 above ground, 1 below ground
Application	Residential leasing

Hotel Business

(1)Halekulani Hotel

Location	2199 Kalia Road, Honolulu, Hawaii
Opened	1984 (renovated 2012)
Guestrooms	453

(2)Waikiki Parc Hotel

Location	2233 Halumoa Road, Honolulu, Hawaii
Opened	1987
Guestrooms	297

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