Intercontinental Real Estate Corp. has acquired an Arlington apartment complex, formerly home to Brigham’s Ice Cream headquarters, for $50.5 million.

The acquisition was led by Mike Keyes, director of acquisitions, and made on behalf of Intercontinental’s U.S. real estate fund.

Alta at Brigham Square, located at 30 Mill St., consists of 116 apartments built in January 2013. The property also includes 3,090 square feet of retail space and an above-ground parking structure. Units are comprised of 18 studios, 35 one-bedroom, and 63 two-bedroom layouts. Apartment amenities include stainless steel appliances, in-unit washer and dryer and walk-in bedroom closets. Community amenities include 24-hour on-site maintenance, outdoor lounge and resident storage options.

"[This] rental apartment investment presents every characteristic we seek in a ‘core’ investment: primary market, newly delivered high-quality construction, transit friendliness, a great school system, and very steady high occupancy rates," Intercontinental CEO Peter Palandjian said in a statement. "When we began to look at the deal, there was some sentimentality around buying what used to be the Brigham’s Ice Cream world headquarters. But in all seriousness, this investment is in our backyard, a marketplace which holds 50-plus years of experience for us."