SECAUCUS, NJ—Manulife US REIT, a Singapore-listed real estate investment trust, has acquired 500 Plaza Drive, the world headquarters of Quest and The Children's Place, in Secaucus, New Jersey, for $115 million.
CBRE Institutional Properties announced represented a venture between Marcus Partners and a global institutional partner in the sale. The CBRE team was led by Jeffrey Dunne, Travis Langer and Jeremy Neuer, and also identified the buyer.
“The newly redeveloped 500 Plaza offers tenants and visitors alike an exceptional work environment, providing both the convenience and amenities demanded by premier organizations and their employees. Today the property is a unique headquarters-quality facility and we are proud to continue providing property management services under Manulife US REIT's capable new ownership,” says Paul Marcus, CEO of Marcus Partners.
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