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Joint Venture Pays $14.4 Million for Regency Pines

Lexington Realty Trust Sells Cary Office Building
By Deeyna Velasquez
May 9, 2014 | 5:58 P.M.

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.

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