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Petch Gibbons Assigned to Washington Square Leasing Team

Highly esteemed industry veteran adds high level of experience to brokerage effort

Washington, D.C., January 11, 2010 - Cushman & Wakefield today announced that its newly recruited Executive Director, Petch Gibbons, has joined the firm’s marketing team for Washington Square, a  12 story landmark office tower located in the heart of the Central Business District at 1050 Connecticut Avenue, Northwest, Washington, D.C.  Washington Square is a joint development of Lerner Enterprises and The Tower Companies, two of the largest owners and developers of Class ‘A’ office space in the Washington, D.C. area.

“We are delighted to have Petch on board with Cushman & Wakefield to support our marketing campaign for this world class property,” said Cushman & Wakefield’s Executive Director Brian F. Tucker who is leading the Washington Square account team. “Petch is an accomplished veteran who brings a high powered network of relationships to the table in addition to his executive level experience. He has already hit the ground running for our team.”

Washington Square is now undergoing a complete transformation internally and externally with a state-of-the-art-renovation including new architectural features and the use of cutting edge designs and technology.  The main entrance of the building will be accentuated with glass and stainless steel canopies with highly visible LED illumination. A modernized security infrastructure and visitor access system will be installed and dramatic new streetscape improvements are being added as part of the project which will include a flamed granite sidewalk pavers that wrap the entire building perimeter.

In addition, high definition audio visual displays and digital signage will be installed on the lobby level. Office elevator lobby renovations will include a full-height glass entry and marble flooring.  A concierge desk, touch screen directories, integrated high-def flat panel televisions and commissioned glass feature wall and artwork will adorn the public areas.

Renovations of the garage valet area and main parking level lobby entrance will create a functional and visitor friendly entrance to the building from the parking garage and also will include new marble floor and walls, new ceiling and lighting, a seating area and greenscape.

An innovative lighting design will feature energy efficient light fixtures, accent art lighting and perimeter cove lighting in the office lobby, atrium lobby and in the parking garage lobby.  New training equipment, flat panel monitors and eco-friendly enhancements will be added to the Washington Square Fitness Center.  On the Concourse level, a new decor, artwork, seating area and lighting enhancements are being added.

About Cushman & Wakefield, Inc.

Cushman & Wakefield is the world's largest privately-held commercial real estate services firm. Founded in 1917, it has 230 offices in 58 countries and 15,000 employees.  The firm represents a diverse customer base ranging from small businesses to Fortune 500 companies.  It offers a complete range of services within four primary disciplines: Transaction Services, including tenant and landlord representation in office, industrial and retail real estate; Capital Markets, including property sales, investment management, valuation services, investment banking, debt and equity financing; Client Solutions, including integrated real estate strategies for large corporations and property owners, and Consulting Services, including business and real estate consulting.  A recognized leader in global real estate research, the firm publishes a broad array of proprietary reports available on its online Knowledge Center at CushmanWakefield.com.

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 office, retail, hotel and residential real estate.  This includes planning, development, construction, leasing, 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 has several well-known developments including: 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; 20 M Street, SE (20MStreetSE.com) with LEEDŽ Gold Certification, Washington, DC; 1133 Connecticut Avenue, NW, Washington, DC; 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’s newest trophy office building, co-developed with The Tower Companies, 2000 Tower Oaks Boulevard (TowerOaks.com) in Rockville, MD, is the first multi-tenant commercial building in the Washington area with LEEDŽ Platinum Certification. The project was awarded the 2009 National Association of Industrial and Office Parks (NAIOP) Best Green Building of the Year, the 2009 Peerless Rockville Preservation Award, the first building in the State of Maryland to achieve “Designed to Earn Energy Star” by the American Institute of Architects and was certified as the first LEEDŽ Platinum office building in the State of Maryland and is eligible for Maryland Green Building Tax Credits.  Lerner’s new corporate headquarters, located in 2000 Tower Oaks Boulevard was recently certified LEEDŽ CI Gold by the United States Green Building Council (USGBC) and was awarded the Metro Washington Chapter of the Associated Builders and Contractors (ABC) 2009 ‘Excellence in Construction’ Award.

Lerner has been the recipient of numerous NAIOP and other industry awards (Lerner.com/Awards.html) in its 57-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.

About The Tower Companies

The Tower Companies (TowerCompanies.com), founded by Albert Abramson in 1947, is a family-owned real estate firm in Rockville, Maryland and the largest Green Builder in the Nation’s Capital.  It ranks #42 on the US Environmental Protection Agency (EPA) National Top 50 US Green Power Purchasers' List, is EPA-certified carbon neutral, and they developed, Blair Towns, (BlairTowns.com) the first US Green Building Council LEEDŽ-certified apartment complex in the country. The Tower Companies is a member of EPA’s Climate Leaders, Energy Star and Green Power Partnership programs.  Their award-winning portfolio includes 4.5 million square feet of office buildings, office parks, 1,400 apartments, regional malls, residential communities, lifestyle centers, and hotels within the DC area. Of this total, one million square feet are Green or sustainable projects, and another 2.5 million square feet are in the planning stages; 2000 Tower Oaks Boulevard, co-developed with Lerner Enterprises, (TowerOaks.com), is the first LEEDŽ Platinum-certified multi-tenant commercial building in the DC area, The Tower Building (TowerBuilding.com), an Energy Star building named 2003 Green Office Building of the Year by Apartment and Office Building Association (AOBA), is LEEDŽ Silver, 1050 K Street (1050KStreet.com) is LEEDŽ Gold and 1909 K Street, known as The Millennium Building (1909KStreet.com) is the only and first commercial multi-tenant building in DC to get LEEDŽ EB certified. Tower now has six LEEDŽ certified projects and over 25% of their staff are LEEDŽ Accredited Professionals.  Awards include 2009 National Association of Industrial and Office Parks (NAIOP) Best Green Building of the Year for 2000 Tower Oaks Boulevard, 2009 DC Mayor’s Environmental Excellence Awards, 2009 Circle of Excellence Smart CEO Awards, 2009 Peerless Rockville Preservation Awards, 2008 USGBC of the National Capital Area, Member Firm of the Year, 2008 Washington Business Journal Green Company of the Year, 2008 Washingtonian Magazine Corporate Green Award, 2007 DC Chamber of Commerce Corporation of the Year, 2006 and 2003 EPA Green Power Leadership Awards.