"Our philosophy has always been to expand where there's success," says a spokeswoman for Chelsea Property Group. "Tokyo is a huge market for us, and Sano has been a wonderful project."
Located at the intersection of the Tohoku Expressway and Route 50, about 50 miles north of Central Tokyo, the center opened in 2003. It was expanded in July 2004, and again in 2006. Tenants include Armani, Coach, Cole Haan, Furla, Harrods, Lanvin, Nine West, OshKosh B'Gosh, Theory, Tumi and Wedgewood. New or upsizing tenants in the new phase include Escada, Etro, Gap, Gucci, Katharine Hamnett, Levi's, Ralph Lauren, Salvatore Ferragamo, Seiko, Sergio Rossi, Under Armour and Yves Saint Laurent.
Approximately 14 million people live within a 90-minute drive of Sano in an area ranging from north Tokyo to north Tochigi. The Nikko area also attracts approximately 6.5 million visitors annually.
Sano is one of six Chelsea outlets operating in Japan, which as a group posted same store sales of $791 per square foot in 2007. The seventh, Sendai-Izumi Premium Outlets in Sendai City, opens in October, and Ami Premium Outlets will open in 2009. Chelsea Japan Co. is a joint venture of Simon Property Group, Mitsubishi Estate Co. Ltd. and Sojitz Corp.
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