Washington, DC, October 7, 2003 – CB Richard Ellis (CBRE) has been named exclusive leasing agent for the Fallsgrove Office Projects located in Rockville, Maryland. The leasing assignment includes Fallsgrove Village Office Center, and existing award-winning 75,000 sq.ft. three-story Class 'A' office building located at 14955 Shady Grove Road, as well as two additional buildings - Fallsgrove Corporate Center at 1900 Research Boulevard and Fallsgrove Executive Plaza at Shady Grove and Blackwell Roads - totaling more than 440,000 sq.ft. that are scheduled to be built under the Fallsgrove master plan. Fallsgrove Office Projects are part of a thriving mixed-used development created by Lerner Enterprises that offers commercial, retail, dining and neighborhood services.
Larry Thau, David Machlin and Betsy Schuman are the leasing agents on the project.
"For more than 50 years, Lerner Enterprises has been developing premier office, retail and residential complexes and Fallsgrove Village Office Center continues this tradition of excellence," said Larry Thau, Executive Director of CBRE's Bethesda office. "Its close proximity to Shady Grove Adventist Hospital in the heart of the Montgomery County's life sciences and technology corridor plus first-class amenities in the Fallsgrove Village Shopping Center make Fallsgrove a prime choice for business."
Fallsgrove Village Office Center officially opened in early 2003. In January 2003, Adventist Healthcare signed a 10-year, 10,995 sq.ft. lease in the building and has since expanded by an additional 11,673 sq.ft. Other tenants of the building include Dr. Michael S. Morris, Washington Fertility Center, Northern Virginia Reproductive Laboratory, Inc. and Annandale Surgical Center, P.C. CBRE will work with Lerner Enterprises to lease out the remaining 44,000 sq.ft.
"Fallsgrove offers an outstanding place for business. We've created an exciting urban style environment with suburban comforts. We are proud to have CBRE as our leasing partner," said Mark D. Lerner, a Principal of Lerner Enterprises.
CB Richard Ellis
Headquartered in Los Angeles, CB Richard Ellis is the world's leading commercial real estate services firm. With approximately 14,000 employees, the company serves real estate owners, investors and occupiers through more than 250 offices worldwide. The company's core services include property sales, leasing and management; corporate services; facilities and project management; mortgage banking; investment management; capital markets; appraisal and valuation; research; and consulting. For more information, visit the company's web site at cbre.com
Lerner Enterprises of North Bethesda, Maryland, founded by Theodore N. Lerner in 1952, is one of the Washington, D.C's largest real estate developers and is involved in all phases of office, retail and residential real estate including planning, development, construction, leasing, asset management and property management. The company's retail portfolio includes regional malls Dulles Town Center in Dulles, VA and White Flint in North Bethesda, MD and neighborhood centers Annapolis Harbour Center, Annapolis, MD, North Point Village Center, Reston, VA, The Spectrum at Reston Town Center, Reston, VA and Towne Plaza in Rockville, MD. Lerner's office portfolio includes The Corporate Office Centre at Tysons II, The Corporate Office Park at Dulles Town Center, Washington Square at Connecticut Avenue and L Street, N.W., White Flint North and 7799 Leesburg Pike among others. Additional information on Fallsgrove Village Office Center is available at: