Research Boulevard

Rockville, Maryland

1701 & 1711 Research Boulevard

Overview

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.

Property Summary

Address:
1701 & 1711 Research Blvd
Rockville, MD 20850

Market:
Washington, DC

Year built:
1970

Rentable area:
280,000 Square Feet

Stories:
2

Average floor plate:
52,382 Square Feet

Parking:
3.5/1,000 Square Feet Parking Ratio