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ST. PAUL-Riverview at Upper Landing here in downtown St. Paul has traded hands. Intercontinental Real Estate Corp.’s US real estate investment fund purchased the 344-unit apartment building complex for $43.5 million from Prudential Real Estate Investors.

“The property’s unique location, luxury amenities and strong demographics make it an excellent addition to our portfolio,” says Thomas Taranto, Intercontinental’s director of acquisitions, asset and portfolio management, in a release.

The purchase of this four-year-old complex by the Boston-based company is the largest real estate transaction to take place here in 2009. Riverview at Upper Landing is located at 400 Spring St.

Stuart Co. has acted as the property’s manager under its previous ownership. According to marketing information on its website, a one bedroom, one bath unit has a rental rate between $965 and $1,160. The largest units, two bedrooms, den and two baths, rent between $1,860 and $2,100. The complex offers views of the Mississippi River, wireless internet access, a fitness center and tanning facility.

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