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Washington's Leading Private Real Estate Developer Aggressively Continues Its Green Initiative

North Bethesda, Maryland, February 1, 2007 – Lerner Enterprises, Washington D.C.’s largest private real estate developer, is pleased to announce the further expansion of the company’s Green Initiative Program by purchasing wind power for Dulles 28 Centre, a 300,000 sq. ft. retail center now under construction, in addition to the Residence Inn - Dulles Airport at Dulles 28 Centre, a 157 room hotel, both located in Dulles, Loudoun County, Virginia.  Lerner is quickly becoming one of the leaders in eco-friendly building efforts by purchasing wind energy, designing new development projects to meet the stringent LEED™ certification standards, and implementing energy conservation efforts throughout its portfolio of office, residential, retail, entertainment and hospitality assets.

“We created the Green Initiative Program with the trust that everyone within our organization will do their part to conserve natural resources and protect the environment,” stated Mark D. Lerner, Principal of Lerner Enterprises.  “We want to make a positive impact on the environment through changes in our business practice in both new projects and our existing portfolio.  This is a business priority that we are undertaking and encourage other developers to follow”, he added.

Lerner previously announced that two of its newest developments, 2000 Tower Oaks Boulevard (a joint development with The Tower Companies of North Bethesda, MD) in Rockville, Maryland, and 20 M Street in Southeast Washington D.C., were designed and have applied for the prestigious LEED™ Gold Certification.  The LEED™ (Leadership in Energy and Environmental Design) Green Building Rating System® is administered by the U.S. Green Building Council, a nonprofit coalition of building industry leaders.  LEED™ emphasizes the most comprehensive state of the art strategies for sustainable site development, water savings, energy efficiency, materials selection and indoor environmental quality.  2000 Tower Oaks Boulevard will serve as Lerner’s new corporate headquarters in Fall 2008, and 20 M Street, located two blocks from the new ballpark for the Washington Nationals, will be delivered this Spring.  Lerner and The Tower Companies also announced recently the purchase of wind power to provide 100% of the energy needs to Washington Square, a million square foot Class A trophy office building located at 1050 Connecticut Avenue, NW in Washington D.C.’s Central Business District.

About Lerner Enterprises


Lerner Enterprises of North Bethesda, MD, founded by Theodore N. Lerner in 1952, is Washington, DC's largest private real estate developer and is involved in all phases of office, retail and residential real estate including planning, development, construction, leasing, asset management and property management.  Lerner's office portfolio has several well-known developments including: The Corporate Office Centre at Tysons II, McLean, VA; The Corporate Office Park At Dulles Town Center, Dulles, VA; Washington Square at 1050 Connecticut Avenue, 1133 Connecticut Avenue, NW and 20 M Street, SE in Washington, DC; Flint Hill Office Park, Fairfax, VA; White Flint North, North Bethesda, MD; 7799 Leesburg Pike, Tysons Corner, VA; Sterling Park Technology Center, Sterling, VA and  400 Army Navy Drive, Arlington, VA, among others.  The Lerner Family recently became owners of the Washington Nationals Baseball Club (Nationals.com).