Mercer Consulting Leases 56,000 Square Feet at Washington Square

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,” he added.

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.