Staff
Manulife Financial’s U.S. division, John Hancock, has acquired three office properties totalling US$618 million ($659.2 million) in New York, Chicago and Boston.
“We are constantly assessing opportunities to grow our real estate investment portfolio,” says Kevin Adolphe, president and CEO of Manulife Real Estate. “We’ve done just that yet again with these three excellent properties that align nicely with our strategy of investing in core and diverse markets.”
Following are the buildings that were purchased:
- 100 William Street, a 422,000-square-foot 21-storey office building in New York’s financial district;
- 200 South Wacker, a 754,750-square-foot 40-storey office building in the Chicago central business district; and
- Wellesley Office Park, a 650,000-square-foot office park located in Greater Metropolitan Boston.
With these new acquisitions, the Manulife’s global real estate portfolio now represents a market value of US$10.4 billion ($10.7 billion) with properties totalling more than 39 million square feet.
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