Research Plaza, Rockville, MD
ROCKVILLE, MD—Rubenstein Partners, L.P. has acquired the227,000-square-foot Research Plaza office complex here for $38million, increasing its office portfolio in the Washington, DCmarket.
The Philadelphia-based real estate investment firm plans toundertake a capital improvement program at the complex that iscurrently 75% leased. The purchase of the Class A office propertyat 1445-1455 Research Blvd in Rockville, MD follows the company'ssale of a major office complex in the Bostonsuburb of Waltham, MA—CenterPoint—for $86 million toHilco Real Estate of Northbrook, IL.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
