Boston company seeks to buy Marine Home Center

A Boston-based real estate company has expressed interest in acquiring Marine Home Center, the island's largest building-supply, housewares and home-furnishings business, the second such overture from an off-island group in five months.

Intercontinental Real Estate Corporation has sent Marine Home Center a letter of intent, Marine Home Center owner Denis Gazaille confirmed Tuesday, and both sides are exploring a potential deal, he said.

Intercontinental's chairman and CEO is Peter Palandjian, one of the investors in the Nantucket Dreamland Foundation, which purchased the historic Dreamland Theater last year.