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Lerner Signs Systems Planning and Analysis, Inc. at 20 M Street; Building Now at Over 97% Leased

Washington, D.C., December 8, 2010 - Lerner Enterprises (Lerner.com) of Rockville, Maryland, Washington, D.C.’s largest private real estate developer, announced that it has secured a lease with Systems Planning and Analysis, Inc. (SPA.com), a national defense and homeland security contractor.  The office building located in Southeast Washington, D.C. is now over 97% leased.

Systems Planning and Analysis, Inc. will occupy 20,044 square-feet on the eighth floor of the building and is projected to occupy their space in March 2011 and joins other offices nationwide.

Systems Planning and Analysis, Inc. was represented by Robert Shue, Stephen J. Burman and Danny Sheridan of the McLean, Va. and Washington, D.C. office of Jones Lang LaSalle (JonesLangLaSalle.com) while Lerner was represented by Brian R. Raher and Josh Kreider of the Washington, D.C. office of Cushman & Wakefield (CushmanWakefield.com).

Co-tenants within the office building include the Bureau of Land Management and Booz|Allen|Hamilton that will both begin occupancy in January of 2011, and The Columbia Group who is projected to begin occupancy in March of 2011.

20 M Street, the first office building in Washington, D.C. to achieve LEEDŽ Gold certification for Core and Shell, is located at the intersection of M and Half Streets in the Southeast Washington Capitol Riverfront District (CapitolRiverfront.org; JDLand.com).  20 M Street is situated directly across from the newly expanded Navy Yard Metro Station and two blocks from Nationals Park, home of the Washington Nationals Baseball Club (Nationals.com).

20 M Street was the first building designed and developed by Lerner under its Green Initiative Program that, in addition to building state-of-the-art environmental friendly buildings, focuses great attention on utilizing energy and resource conservation, while preserving a healthy environment for tenants and visitors alike.  The building’s environmental benefits include roofing designed to reduce heat island effects, plumbing designed to reduce water consumption, water reclamation for the building’s landscape, reduced energy consumption through high efficiency HVAC systems, maximized use of recycled materials, humidification controls to ensure optimum tenant comfort and proximity to Metro that encourages the use of public transportation.

For more information on 20 M Street, please visit: 20MStreetSE.com.

About Systems Planning & Analysis, Inc. (SPA)

SPA is a professional services company with more than 500 employees providing management and technical services in the key areas of operations analysis, systems engineering, acquisition support and executive decision support to customers throughout the Departments of Defense, Homeland Security and Energy.  SPA employees are located in Alexandria and Norfolk, Virginia; Washington, D.C. and San Diego, California.  The company was named as one of the 50 Best Places to Work in Washington by the Washington Business Journal in 2008, 2009 and 2010, and the Washingtonian Magazine in 2009.   Also in 2009 and 2010, SPA was selected as a finalist for the Greater Washington Government Contractor of the Year award.

About Lerner Enterprises

Lerner Enterprises (Lerner.com) of Rockville, Maryland, founded by Theodore N. Lerner in 1952, is Washington, D.C.'s largest private real estate developer and is involved in all phases of commercial, residential, retail, hotel and mixed-use real estate.  This includes planning, development, construction, leasing, asset and property management.  Lerner has developed and currently manages more than 15 million square feet of office buildings, retail centers and residential communities.  Lerner's office portfolio is comprised of many  well-known developments including: 2000 Tower Oaks Boulevard (TowerOaks.com) with LEEDŽ Platinum Certification, Rockville, Md.; The Corporate Office Park at Dulles Town Center (DullesTownCenter.com), Dulles, Va.; The Corporate Office Centre at Tysons II (Tysons2.com), McLean, Va.; Fallsgrove Village Office Center (FallsgroveVillageCtr.com), Rockville, Md.; White Flint North, North Bethesda, Md.; Washington Square, (WashingtonSquareDC.com) currently under a multi-million dollar renovation, Washington, D.C.; 1133 Connecticut Avenue, NW, Washington, D.C.; Flint Hill Office Park (FlintHillOfficePark.com), Fairfax, Va.; 7799 Leesburg Pike, Falls Church, Va.; and 400 Army Navy Drive, Arlington, Va., among many others.

Lerner has been the recipient of numerous NAIOP and other industry awards (Lerner.com/Awards.html) in its 58-year history including the Honor Award for Design Excellence in the Fairfax County 2009 Exceptional Design Awards Program for 1800 Tysons Boulevard in The Corporate Office Centre at Tysons II.

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