RCA in the commercial property press:


Intercontinental sells US office for $46.5m


Tuesday, December 02, 2008
Source: Private Equity Real Estate


Private Equity Real Estate reports: Intercontinental Real Estate Corporation has sold the Massachusetts office complex, the Centennial Corporate Center, for $46.5 million – four years after originally buying the building for $42.3 million, a 9 percent profit. The private equity real estate firm bought the property at 10 Centennial Drive, in Peabody, Massachusetts, through its $350 million Intercontinental Real Estate Investment Fund III in February 2004 from Principal Global Investors, according to sales data from Real Capital Analytics.


View the full article on Private Equity Real Estate: Intercontinental sells US office for $46.5m

Posted by: Nina Turner

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