Japan Retail Fund Investment Corporation (TSE:8953) agreed to acquire West Side Tenjin from Sohgoh Real Estate Co. Ltd. for ¥4.9 billion on January 23, 2017. The contract for the acquisition is expected to be signed on January 31, 2017. The consideration will be funded from cash on hand and will be paid in full at closing. The property will be renamed as G-Bldg. Tenjin Nishi-dori 01. The property reported annual rent of ¥235 million. The transaction is expected to close on April 5, 2017. Haseko Real Estate Inc. acted as broker in the transaction. CBRE K.K acted as appraiser for the property.