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Totals

Total Square Footage 825,000

General

Established 1970
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The Mori Trust Group originated in the Mori Group, which was founded by Taikichiro Mori, and has been in business over 60 years. Current Chairman and CEO Akira Mori, the third son of the founder, created the Mori Trust Group, a major developer in Japan. Since then, the Group has been engaged in the businesses of real estate development, hotels and resorts, and investment. In June 2016, Miwako Date, the granddaughter of Taikichiro Mori and the daughter of Akira Mori, became President and Chief Executive Officer to take over operations. Date formulated the medium- and long-term vision and has pushed forward with the Group’s diverse operations.

Updates

10 St. James Avenue & 75 Arlington Street
- Sep 13, 2019

$24.75M Interior Reno Permit Pulled for 10 St. James Ave A permit valued at $24.75M has been pulled for interior renovations of the 3-5 & 7-9th floors at 10 St. James Avenue in Back Bay by Columbia Construction. Work calls for drywall, framing along with new glass, glazing, and finishes. The project will also include new install and relocation of electrical, plumbing, and fire alarm systems along with an interconnecting staircase. Tokyo, Japan-based real estate developer and investor Mori Trust acquired the property at 10 St. James Avenue & 75 Arlington Street for $673 million in January of 2017.   


10 St. James Avenue & 75 Arlington Street
- Jan 05, 2017

Japanese investor acquires 825,000 square foot Back Bay office property for $673 million Tokyo, Japan-based real estate developer and investor Mori Trust has closed on the acquisition of the 825,000 square foot Back Bay office property at 10 St. James Avenue & 75 Arlington Street for $673 million, or approximately $816 per square foot, as recorded in the Suffolk County Registry of Deeds. Seller Liberty Mutual Insurance acquired the property 11 years ago in January 2006 for $481.5 million, or approximately $584 per square foot. 10 St. James Avenue & 75 Arlington Street is Mori’s first United States acquisition. Mori is reportedly looking to expand its’ East Coast portfolio, also eyeing major cities such as New York and Washington, D.C., and has devoted a budget of $100 to $200 billion yen (about $863 million to $1.731 billion) to the effort.


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Projects

10 St. James Avenue & 75 Arlington Street