Altus Realty Acquires Research Boulevard Office Building In Rockville, Md For $25.5M

The office property located at 1500 & 1550 Research Boulevard in Rockville, Md was recently sold in a transaction. The property spans approximately 90,000 square feet and was sold at a price of $25,500,000. This equates to a price per square foot of $283.

Summary of transation details

• Property Type: Office
• Transaction Amount: $25,500,000
• Address: 1500 & 1550 Research Boulevard, Rockville, Md
• Market: Rockville, Md

The buyer of this property was Altus Realty, while Westat acted as the seller. The deal was facilitated by CBRE brokers Tommy Cleaver, Dan Grimes, and Stuart Kenny.