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Manulife US REIT looks to whittle debt with deeply discounted New Jersey office sale

Singapore-based investor goes under contract to sell Secaucus building
Manulife US REIT has contracted to sell 500 Plaza Drive in Secaucus, New Jersey, for net proceeds of about $40 million. (CoStar)
Manulife US REIT has contracted to sell 500 Plaza Drive in Secaucus, New Jersey, for net proceeds of about $40 million. (CoStar)
CoStar News
February 20, 2025 | 6:01 P.M.

Singapore-based Manulife US Real Estate Investment Trust has agreed to sell its Secaucus, New Jersey, office building at a hefty discount to its purchase price.

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