1701 & 1711 Research Boulevard
- ADDRESS:1701 & 1711 Research Blvd Rockville, MD 20850
- MARKET:Washington, DC
- YEAR BUILT:1970
- RENTABLE AREA:280,000 Square Feet
- 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.