News & Press

Dulles, Virginia, July 5, 2005 - Lerner Enterprises of North Bethesda, Maryland, one of Washington, D.C.'s premier real estate developers, has announced that it has executed a long-term lease with Trex Company, Inc. for their 80,071 square feet national headquarters at 21000 Atlantic Boulevard in The Corporate Office Park at Dulles Town Center.  21000 Atlantic Boulevard, a winner of the Award of Excellence in the Annual Best of NAIOP Awards, is a seven story, Class "A" office building located at the intersection of Routes 7 and 28.  Lerner was represented in the transaction by Jeffrey K. Diamond and Brian F. Tucker of Diamond Property Company of McLean, Virginia.  Trex Company, Inc. was represented by Paul Darr and Dale Powell of Cassidy & Pinkard Companies.

Trex Company, Inc. (Trex.com) (NYSE: TWP) is the manufacturer of Trex® decking and railing, the leading brand of alternative decking lumber in North America.  A former division of Mobil Corporation, the company was formed by four Mobil executives in 1996 and went public in April 1999.

"The Corporate Office Park at Dulles Town Center is truly a gateway location, with easy access, major amenities and space for growth," said Robert Matheny, Chairman and CEO of Trex Company, Inc.  "Most importantly, access to the larger skilled professional labor pool and corporate services in this area will allow us to better support our continued growth as a company."

"We are excited about welcoming Trex Company as our lead office tenant at Dulles Town Center," stated Mark D. Lerner, a principal of Lerner Enterprises.  "We see this as a significant sign of Loudoun County's strength and look forward to further developing this mixed-use site where people can live, work and shop."

21000 Atlantic Boulevard is located within Dulles Town Center, a 554 acre mixed-use project now under development in Dulles, Loudoun County, Virginia.  The project will include:

In addition to 21000 Atlantic Boulevard, Lerner's current projects include:

Lerner Enterprises, founded in 1952 by Theodore N. Lerner, is Washington, D.C.'s largest private real estate developer and is involved in all phases of office, retail, hotel, sports & entertainment and residential real estate including planning, development, construction, leasing, and asset and property management.  Among its extensive office portfolio is The Corporate Office Park at Dulles Town Center, Flint Hill Office Park, 7799 Leesburg Pike, Vintage Park, Sterling Park Business Center, Beaumeade Corporate Park and 400 Army Navy Drive in Northern Virginia; White Flint North, Fallsgrove Village Office Center and Towne Plaza in suburban Maryland; Washington Square at 1050 Connecticut Avenue and 1133 Connecticut Avenue in downtown Washington, D. C.
Additional information on The Corporate Office Park at Dulles Town Center and Lerner Enterprises is available at
DullesTownCenter.com.

 

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