HONOLULU, Hawaii (May 8, 2009)— NAI ChaneyBrooks has been designated exclusive leasing agent for AEON’s Lake Town Shopping Center located in the Tokyo suburb of Koshigaya, Japan. The Honolulu firm will also be representing more than 120 AEON shopping centers throughout Japan and China.

Lake Town is a super mega-mall, which opened in October of 2008. The retail complex is truly a giant by any standards: more than 560 specialty stores totaling 2.3 million square feet of retail space, employing more than 9 thousand employees, surrounded by a parking facility that accommodates 8,200 cars and 6,200 bicycles. Approximately 120,000 shoppers flock to Lake Town on any given weekend giving it the reputation of being “the Mall of Japan”. Brooks Brothers, Sports Authority, Starbucks, Krispy Kreme Doughnuts, Skechers, GAP, Kuaina Burger, and Build-a-Bear are some of the US retailers that are already operating and flourishing at Lake Town.

Steve Sombrero, president and owner of NAI ChaneyBrooks described the AEON assignment as a strategic extension of the firm’s reach into the Japan and Asian markets. Sombrero stated, “We are truly excited about this great opportunity to represent AEON at the International Council of Shopping Centers Convention in Las Vegas from May 17 to the 21, where we will officially kick-off our partnership with AEON. We have already lined up several major retailers seeking opportunities to enter the two key markets of Japan and China. Essentially, AEON offers the American retailer a quick and easy way to open multiple locations relying on retail analytics that can pinpoint precisely where a particular store should be located and positioned. As the US retail market continues to slow and shrink, the opportunity to expand into the dynamic markets of Japan and China is one that is readily embraced by retailers seeking growth opportunities. It is no secret that many retailers that enter the Hawaii retail market soon come to the realization that visitors from Asia, particularly Japan outspend all other visitors. We are obviously targeting retailers that understand this and are willing to take the next big step.”

About NAI ChaneyBrooks
NAI ChaneyBrooks has been active in the Hawaii commercial real estate market for over 50 years. In 1958, Aaron Chaney opened a one-room office called Aaron M. Chaney, Inc., Hawaii’s first independently-owned property management company. Today NAI ChaneyBrooks remains a diversified real estate firm in Hawaii and the Asia-Pacific, offering commercial property management as well as the sale and leasing of commercial, industrial, retail and investment properties. The company is a member of the NAI Global network of 8,000 commercial real estate professionals and 375 offices in over 55 countries and completes over $45 billion in annual transaction volume.

About AEON Co., Ltd.
AEON is Japan’s single-largest shopping mall developer and operator with total annual sales exceeding $47 billion. Established in 1758 by founder Sozaemon Okada, it is a multi-faceted retail network compromising of 169 group companies ranging from convenience stores, supermarkets, shopping malls and specialty stores. To learn more visit: http://www.aeon.info/en/