Thomas Taranto, head of asset and portfolio management at locally based Intercontinental, tells GlobeSt.com that the firm has put 226 Causeway St. in the city's North End on the market and expects to close on the sale of the 190,000-sf office and retail asset within the next few weeks. Taranto says the office portion of the property is about 90% leased although the first floor retail space remains vacant. Intercontinental, which has owned that building for about six years, sold off the residential floors in that property about two years ago, he notes.

The sale would be the second in Boston this month for Intercontinental, which last week sold off One Washington Mall, a 16-story, 156,000-sf office building for $33.5 million. Locally based Saracen Properties partnered with AEW Capital Management LP, also of Boston, on the acquisition. The joint venture buyers plan to spend several million dollars to renovate that building, which currently has 60,000 sf of vacant space.

Intercontinental also recently acquired four apartment properties in Maryland and Virginia in a joint venture arrangement with Sawyer Realty Holdings LLC, of College Park, MD. Those properties, which total 1,111 units, were acquired for an undisclosed price and are each about 96% leased.