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NEW BRUNSWICK, N.J. — The Highlands at Plaza Square, a 415-unit, Class A apartment community located in downtown New Brunswick, has traded for $112.5 million. The buyer is an entity controlled by John Hancock Life Insurance Co. through its parent company, Manulife Financial Corp. The seller was a joint venture between Prudential Real Estate Investors, Roseland Property Co., Applied Development Co. and Matrix Development Group. The CB Richard Ellis team of Jeffrey Dunne, Kevin Walsh and Christopher Leonard represented the seller.