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Project Profiles

1701 & 1711 Research Boulevard

Rockville, MD

PROPERTY SUMMARY

  • ADDRESS:1701 & 1711 Research Blvd Rockville, MD 20850 ‎
  • MARKET:Washington, DC
  • YEAR BUILT:1970
  • RENTABLE AREA:280,000 Square Feet
  • STORIES:2
  • AVG. FLOOR PLATE:52,382 Square Feet
  • PARKING:3.5/1,000 Square Feet Parking Ratio

In 2003 Moore purchased the 104,000 square foot headquarters of Banner Life Insurance Company on I-270 in Rockville, Maryland.

A sale-lease-back with Banner provided an attractive cash-on-cash return. Moore subdivided the land and designed a new Class A 176,000 square foot office building, bringing the total office area to 280,000 square feet on the original ground.

Speculative development of 1711 Research Boulevard was planned for 2005; however, Moore postponed construction due to an anticipated market weakening.

In 2011 Moore sold both properties to an investment firm.

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PROPERTY SUMMARY

  • ADDRESS:1701 & 1711 Research Blvd Rockville, MD 20850 ‎
  • MARKET:Washington, DC
  • YEAR BUILT:1970
  • RENTABLE AREA:280,000 Square Feet
  • STORIES:2
  • AVG.
    FLOOR PLATE:52,382 Square Feet
  • PARKING:3.5/1,000 Square Feet Parking Ratio