Fukuoka REIT Corporation (TSE:8968) agreed to acquire Tenjin Nishi-dori Center building from DKD Co., Ltd. for ¥2.6 billion on January 29, 2013. The transaction will be funded by Fukuoka REIT using own capital and loan of ¥2.5 billion. The agreement is expected to be signed and transaction is expected to close on February 1, 2013.

Japan Real Estate Institute acted as appraiser for the property. Fukuoka Jisho Co., Ltd acted as sales agent for the deal and will be paid a brokerage fee of ¥78 million.