Rockville, Maryland (February 17, 2017) — Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers, is pleased to announce that Park Hotels & Resorts has signed a lease for 23,183 square feet at 1600 Tysons Boulevard in Tysons, Virginia.
1600 Tysons Boulevard is a 305,000 square foot, award-winning office tower in Tysons II – the premier master-planned development in Northern Virginia – and is located just two blocks from the Tysons Corner Metro Station. In addition to enjoying direct access to the Capital Beltway and Dulles Toll Road, the building is connected by a climate-controlled pedestrian skywalk to all of the developments in Tysons II, including Lerner's other trophy office buildings as well as Tysons Galleria, The Ritz-Carlton Hotel and a number of leading dining destinations.
"We are very pleased that Park Hotels chose Tysons II as the home for its new corporate headquarters. Park is a premier hospitality real estate company, and it is the latest example of the many industry-leading companies that have chosen to locate in Tysons II over the years,” stated Mark D. Lerner, a principal of Lerner.
Ownership was represented by Brian F. Tucker and John B. Dragelin of JLL. Park Hotels was represented by Daniel Evans of JLL.
Founded by Theodore N. Lerner in 1952, Lerner Enterprises is a respected leader in Washington, D.C. area real estate development, investment and management. Headquartered in Rockville, Maryland, Lerner is one of the largest and most diversified private real estate developers in the region, with expertise in all phases of commercial real estate – including planning, development, construction, leasing, asset management and property management. Lerner has developed and managed more than 20 million square feet of commercial, retail, hospitality and residential real estate, including an award-winning office portfolio comprised of a wide range of landmark developments throughout the Washington metropolitan area. The office portfolio features such iconic properties as Washington Square, 20 M Street, Two White Flint North, The Corporate Office Park at Dulles Town Center and The Corporate Office Centre at Tysons II, among many others.
The company is also a pioneer in sustainable development, with a noteworthy LEED® Certified portfolio that includes Washington Square (LEED® Silver), 20 M Street (LEED® Gold – the first LEED® Certified office building in Washington), 2000 Tower Oaks Boulevard (Lerner’s corporate headquarters and the first LEED® Platinum office building in the Mid-Atlantic Region), and 1775 Tysons Boulevard (the first LEED® Platinum building in the Tysons market).
For more information, please visit Lerner.com or follow Lerner on Twitter @LernerDC.
About Park Hotels & Resorts
Park Hotels & Resorts Inc. (NYSE: PK) is one of the largest publicly traded lodging real estate investment trusts with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. The Company’s portfolio currently consists of 67 premium-branded hotels and resorts with over 35,000 rooms located in prime U.S. and international markets with high barriers to entry.
For more information, please visit PkHotelsandResorts.com
Cheryl Garver | 301.692.2396 | CGarver@Lerner.com
Brian F. Tucker | 703.485.8883 | Brian.Tucker@am.jll.com