Press Release

East Medina Road Disposition

East Medina building

Intercontinental Real Estate Corporation Announces the Sale of 2201 East Medina Road, Tucson, AZ

Boston, MA, November 15, 2018 – Intercontinental Real Estate Corporation (“Intercontinental”) a national real estate investment, development, and management firm headquartered in Boston, MA, announced the disposition of 2201 East Medina Road, located in Tucson, Arizona. The sale was made on behalf of Intercontinental’s U.S. Real Estate Investment Fund, LLC (“US REIF”).

2201 East Medina Road is a 153,500 square foot industrial building. Built in 1977 with additions and renovations in 1980, the property is in close proximity to the Interstate 10 and Interstate 19 Freeways, offering efficient transportation and accessibility for companies seeking to distribute or service Tucson, Southern Arizona, Sonora, Mexico and the Southwest Region of the United States.

“We are very pleased with the activity and entire sale process. This sale represented another strong exit for our team,” commented Chairman and CEO, Peter Palandjian.