JERSEY CITY AND BEYOND — NJBiz reported Tuesday that 10 Exchange Place in Jersey City, a 30-story office building that is fully leased, was sold by a client of the investment firm Invesco for $285 million to a financial company from Canada. Cushman and Wakefield announced the deal on Tuesday.
NJBiz notes, “The deal marks the fourth sale this year of a Jersey City office tower and the third valued at more than $200 million, following the sales of 70 and 90 Hudson St., 2 Journal Square and Newport Tower.”
The buyer is Manulife Real Estate, part of Manulife Financial Corp.
A source said that Jersey City’s “high-quality inventory and its connection to Manhattan” has kept interest in that city’s waterfront high.