Washington, D.C., March 10, 2014 - Lerner Enterprises,
one of Washington, D.C.'s largest private real estate developers,
and The Tower Companies, the largest Green Builders in the nation’s
capital, both of Rockville, Maryland, are proud to announce that
Mercer, a global consulting leader in talent, health, retirement
and investments, will open a new 56,460 square foot office at Washington
Square, located at 1050 Connecticut Avenue, NW in Washington, DC.
Mercer will occupy the seventh floor of the twelve story award-winning
landmark office building located at Connecticut Avenue, L Street
and 18th Street, NW.
"We are pleased to welcome Mercer to Washington Square,"
stated Mark D. Lerner, a principal of Lerner, co-developer of Washington
Square. "Since it was built, Washington Square continues to
attract top tier tenants due to its Central Business District (CBD)
location, direct access to Metrorail and unparalleled architecture.
There is a lot of interest on the remaining available space, including
our new Ultimate Suites that are immediately available for occupancy,"
Mercer is a wholly owned subsidiary of Marsh & McClellan Companies
(NYSE: MMC), a global team of professional services companies offering
clients advice and solutions in the areas of risk, strategy, and
human capital. Mercer was represented by Randolph C. Harrell at
the Washington office of CB Richard Ellis and the landlord was represented
by Brian R. Raher of the Washington office and Brian F. Tucker of
the Virginia office of Cushman and Wakefield.
About Washington Square
Washington Square, located at 1050 Connecticut Avenue, NW, in the
heart of Washington, D.C.’s Central Business District, is
an award-winning 1,000,000 square foot landmark office building.
Washington Square recently completed a $14-million dollar renovation
inclusive of extensive exterior, lobby and atrium refurbishments.
The building perfectly blends business with pleasure with premier
office tenants such as the American Bar Association, Baker Hostetler,
Gibson, Dunn & Crutcher and premium retail choices including
The Art of Shaving, SARAR, Morton’s – The Steakhouse,
Au Bon Pain, Lou Lou Boutique, Starbucks, Victoria’s Secret
and others. The building recently added four luxurious Ultimate
Suites, which provide potential tenants a turn-key flexible office
space with high-end finishes. The suites feature premium wood, stone
and decorative accents and vary in size from 3,700 to 7,300 square
feet. The building is a co-development of Lerner Enterprises and
The Tower Companies, both of Rockville, Maryland. Washington Square
currently has 15,000 square feet up to 103,000 square feet available
on the fifth and sixth floors. Brian R. Raher of the Washington
office and Brian F. Tucker of the Virginia office of Cushman and
Wakefield handle the building’s office leasing. Lerner Enterprises
and The Tower Companies have collaborated on numerous landmark developments
for over 40 years including: White Flint Mall, Washington Square,
White Flint North, Beaumeade Corporate Park, Residence Inn –
Dulles Airport @ Dulles 28 Centre, 2000 Tower Oaks Boulevard, Dulles
28 Centre, and numerous other projects in the Washington, D.C. area.
About Lerner Enterprises
Lerner Enterprises (Lerner.com) of Rockville, Maryland, founded
by Theodore N. Lerner in 1952, is one of Washington, D.C.'s largest
private real estate developers and is involved in all phases of
commercial, residential, retail, hotel and mixed-use real estate.
This includes planning, development, construction, leasing and asset
and property management. Lerner has developed and currently manages
more than 20 million square feet of office buildings, retail centers
and residential communities. Lerner's office portfolio is comprised
of many well-known developments including: The Corporate Office
Centre at Tysons II (Tysons2.com), Tysons VA; 2000 Tower Oaks Boulevard
(TowerOaks.com) with LEED® Platinum Certification, Rockville,
MD; The Corporate Office Park at Dulles Town Center (DullesTownCenter.com),
Dulles, VA; Washington Square (WashingtonSquareDC.com), Washington,
D.C.; Fallsgrove Village Office Center (FallsgroveOffice.com), Rockville,
MD; White Flint North, North Bethesda, MD; 20 M Street, SE (20MStreetSE.com)
with LEED® Gold Certification, Washington, D.C.; 1133 Connecticut
Avenue, NW, Washington, D.C.; Flint Hill Park (FlintHillPark.com),
Fairfax, VA; and 7799 Leesburg Pike, Falls Church, VA, among many
others. 2000 Tower Oaks Boulevard, Lerner’s corporate headquarters,
was recently internationally recognized in the World’s Greenest
Book by Jerry Yudelson and Ulf Meyer.
Lerner’s newest developments include:
- The completion of a major interior and exterior renovation of
One Flint Hill (FlintHillPark.com),
a 132,000 square foot 6-story medical and commercial office building
within Flint Hill Park in Fairfax, Virginia.
- The construction of 1775 Tysons Boulevard, a LEED® Platinum
designed 476,000-square foot, Class ‘A’ office tower
that will deliver in late 2015 in Tysons, Virginia.
- The construction of Windmill Parc at Dulles Town Center (WindmillParcDTC.com),
a 437-unit luxury apartment home community in Dulles, Virginia.
Phase one of the project is scheduled to open in the fall of 2014.
- The construction of Fallsgrove Plaza (FallsgroveOffice.com),
a five-story state of the art Class ‘A’ 110,000 square
foot medical | office building located at 14995 Shady Grove Road
in Rockville, Maryland within the award-winning Fallsgrove master
planned community. The project is now ready for occupancy.
- The construction of Nokes Plaza at Dulles Town Center, a one-story
56,000 square foot retail | office | medical development.
Occupancy is scheduled for the fall of 2015.
About The Tower Companies
The Tower Companies is a family-owned, award winning real estate
development company founded by Albert Abramson in 1947. Tower
pioneered the building of USGBC LEED® certified residential
and commercial properties. Tower’s portfolio includes over
5 million square feet of office buildings, office parks, lifestyle
centers, regional malls, eco-progressive live-work-play communities
and hotels in the Washington, DC Area. Additionally, a 3.8 million
square feet Blair Master Plan redevelopment is in progress for
vibrant urban living in Downtown Silver Spring, MD, including
5 acres of public parks, and 5.4 million square feet White Flint
mixed-use lifestyle center redevelopment is in progress in North
Bethesda, MD. Among their signature properties are Blair Towns,
Washington Square, 2000 Tower Oaks Boulevard, River Creek Club
and Bethesda Place Office and Apartments. 90% of the company’s
properties are LEED® certified, 60% of its office building
portfolio is ENERGY STAR® certified and 100% GHG Building
Emissions are offset with wind power and carbon credit purchases.
The Tower Companies has received numerous awards and recognition
for their commitment to sustainability, energy independence and
building some of the healthiest buildings in the region by national
organizations, Federal and State agencies, including US Green
Building Council, Urban Land Institute, Harvard University, US
Department of Energy, US Environmental Protection Agency and State
of Maryland. In 2013, Tower became the first, two-time winner
of Washington, DC Mayor’s Sustainability Award and 2000
Tower Oaks Boulevard was internationally recognized in World’s
Greenest Building Book by Jerry Yudelson and Ulf Meyer. For more
information, please visit: TowerCompanies.com.
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