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.