The deal valued Meguro Gajoen at JPY130bn ($1.25bn), people familiar with the matter told Bloomberg.
Earlier this year it was reported that Sindapore’s sovereign wealth fund GIC showed interest in Meguro Gajoen, but pulled out due to a legal dispute over its land assets.
Meguro Gajoen has five buildings with a total space of 150,000 square metres and a 37,000 plot of land.
Lone Star’s other recent deals include the sale of its stake in Düsseldorfer Hypothekenbank to a group of buyers including investment manager Attestor Capital and veteran investor Patrick Bettscheider.
Lone Star held a $7.2bn final close of its ninth distressed real estate fund earlier this month.
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