GEICO continues to liquidate its real estate portfolio in Montgomery County. After selling off its main headquarters campus in Friendship Heights, the insurance firm has now placed a claims center warehouse property in Rockville on the market. 2800 Tower Oaks Boulevard is a vintage 1976 industrial building complete with midcentury modern GEICO logo. It is well placed near Interstate 270 for use as a distribution center or warehouse. But in the moribund Montgomery County economy, it's more likely to end up as yet another cookie cutter townhome development. The asking price for this gem is not provided in the online listing.
No more townhomes!!!
ReplyDeleteWhy do you hate property rights
DeleteThis “affordable housing crisis” is nothing more than a politicized obsession to hurt the economy and the quality of life.
ReplyDeleteWhat is a “claims center warehouse”? And what qualifies this property as a “gem”?
ReplyDeleteLocation. Its front door is the 270 access to northbound and the northbound exit to tower oaks. Long ago insurance companies would buy parts and ship them for jobs because they would get sweat heart deals straight from the manufactor of parts, this acted as storage and shipping out, then it just became mobile claims and the real estate hasnt been needed in forever.
DeleteHey, people need to live somewhere
ReplyDeleteHow about at your house?
DeleteAre you against property rights that would allow the seller of the Geico warehouse to sell the land to a developer to decide what to do with this land? Not sure how your question is relevant. I already live in my house and a developer built it and I purchased it. That’s how business works.
DeleteWould it be housing for all of the people who crossed the border illegally? I might be against that.
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