WASHINGTON, D.C. – HFF announced it has closed the sale of 1701 and 1711 Research Boulevard (top left photo), a 104,703-square-foot office building and 177,000-square-foot development parcel in Rockville, Maryland.
HFF marketed the property on behalf of Moore & Associates, Inc. BioMed Realty Trust, Inc. purchased the property for $17.5 million.
1701 and 1711 Research Boulevard are situated on 13.3 acres immediately west of and visible from Interstate 270 about 15 miles northwest of Washington, D.C. in Rockville.
The HFF team representing Moore & Associates, Inc. was led by senior managing directors Jim Meisel (middle right photo) and Dek Potts.(botom left photo)Moore & Associates, Inc. is an owner-managed, full-service commercial real estate investment, development and management firm serving affiliated and independent clients throughout the Washington, D.C. and Austin, Texas metropolitan areas.
BioMed Realty Trust (NYSE: BMR) is a real estate investment trust (REIT) focused on Providing Real Estate to the Life Science Industry®. BioMed acquires, develops, owns and operates laboratory and office space designed to effectively support the demanding needs of a wide range of pharmaceutical, biotechnology and research institutions.
Contacts:
James A. Meisel, HFF Senior Managing Director, (202) 533-2500, jmeisel@hfflp.com
Stephen ‘Dek’ Potts Jr., HFF Senior Managing Director, (202) 533 2500, dpotts@hfflp.com
Kristen M. Murphy, HFF Associate Director, Marketing, (713) 852-3500
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