Office

JERSEY CITY, N.J. — Manulife Real Estate, the global real estate arm of Canada-based Manulife Financial Corp., has purchased 10 Exchange Place, a 30-story office tower in Jersey City. The property sold for a reported $285 million. The fully leased property has a tenant roster that includes ACE Insurance, Goldman Sachs and Amazon.com. Andrew Merin, David Bernhaut, Gary Gabriel, Kyle Schmidt and Brian Whitmer represented the seller, a client of Invesco, in the deal.

ROSELAND, N.J. — 56 at Roseland, a 433,945-square-foot office building at 56 Livingston Ave. in Roseland, has sold for $18.1 million. The property was acquired by a partnership between Mountain Development Corp. and Square Mile Capital Management. The vacant building includes more than $50 million of recent infrastructure investment by the previous owner, Merck & Co. Inc. The new owners retained Jones Lang LaSalle to lease the space.

PORT WAHINGTON, N.Y. — WAC Lighting Co. plans to move its headquarters from Garden City to a 145,000-square-foot building at 44 Harbor Park Dr. in Port Washington. WAC, a manufacturer of energy efficient lighting, purchased the building from Luxottica, an eyeglasses retailer and manufacturer, for $12.3 million. WAC plans to create 228 new jobs for the facility. Colliers International represented WAC in the transaction.