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John Hancock Acquires Office Buildings in Three U.S. Cities

Dec. 19 (Bloomberg) -- John Hancock, the U.S. division of Canada’s Manulife Financial Corp., acquired office properties in New York, Chicago and near Boston for $618 million.

The properties at 100 William St. in New York, 200 S. Wacker in Chicago and Wellesley Office Park in Massachusetts bring the total market value of the firm’s global real estate portfolio to $10.4 billion, Boston-based John Hancock said today in a statement.

“These properties represent the type of high-quality assets we acquire in key markets as a priority for our strategic plan,” Ted Willcocks, global head of asset management for Manulife Real Estate, said in the statement. “The strong tenant rosters and superb locations make these excellent additions to our investment portfolio.”

Other U.S. markets where the company has properties include Washington, Atlanta, Los Angeles and San Francisco, according to the statement.

To contact the reporter on this story: Steven Crabill in New York at scrabill@bloomberg.net

To contact the editor responsible for this story: Peter Eichenbaum at peichenbaum@bloomberg.net

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