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Joint Venture Pays $14.4 Million for Regency Pines

Lexington Realty Trust Sells Cary Office Building
May 9, 2014
Intercontinental Real Estate Corp., a Boston-based investment advisor firm, in partnership with North Carolina real estate firm Spectrum Properties, acquired the four-story Regency Pines office building in Cary, NC from Lexington Realty Trust for $14.4 million, or about $115 per square foot.

The 124,944-square-foot building delivered in 1999 at 200 Lucent Lane in greater Raleigh's Regency Park.

Neither side used external representation.

Please see CoStar COMP #301586 for more information.

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