Washington, DC (January 10, 2019) — Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers, and The Tower Companies, the largest Green Builder in the nation's capital, both of Rockville, Maryland, are pleased to announce that Financial Integrity Network has signed a 12,020 square foot lease at Washington Square, the twelve-story, award-winning landmark office building located at 1050 Connecticut Avenue and L Street, NW.
“We are excited to welcome Financial Integrity Network to Washington Square and the Nation's Capital,” stated Mark D. Lerner, a principal of Lerner. “Financial Integrity Network will benefit from the property’s superb location and vast onsite amenities," he added.
Financial Integrity Network joins many office tenants already at Washington Square, including the American Bar Association, Baker Hostetler, Gibson Dunn, Manatt and Mercer. The building is also home to a multitude of onsite amenities, as well as Morton's – The Steakhouse, Starbucks, Victoria's Secret, The Art of Shaving, and many others.
Nick Gregorios of Avison Young and Sam Abramson of Cresa represented Financial Integrity Network in the transaction. Washington Square, Lerner Enterprises and The Tower Companies were represented jointly by Brian F. Tucker of JLL and Brian Raher and Michael Katcher 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 a 1,000,000 square foot LEED® Silver office building. As an iconic commercial building in the heart of Washington’s Central Business District, Washington Square is an exceptional example of urban placemaking.
In addition to trophy office space that is home to a number of leading businesses, this newly-renovated LEED® Silver landmark offers nearly 100,000 square feet of prime retail and dining space, as well as its own U.S. Post Office and direct onsite access to the Farragut North Metro Station. Even as the city’s commercial market has undergone a dramatic transformation, Washington Square endures as a paragon of quality and timeless design that continues to define the Washington skyline.
Washington Square's recent renovation included extensive exterior, lobby, atrium and building system upgrades. The building features premier office tenants such as the American Bar Association, Baker Hostetler, Gibson, Dunn & Crutcher, and premium retail choices including Morton's - The Steakhouse, Victoria's Secret, Starbucks, Men's Wearhouse, The Art of Shaving, Sarar, Lou Lou Boutique, and many others. The building is home to four luxurious Ultimate Suites, which provide potential tenants a turn-key flexible office with high-end finishes. The suites feature premium wood, stone and decorative accents and vary in size up to 7,300± square feet. The building is a co-development of Lerner and The Tower Companies, both of Rockville, Maryland. Lerner and Tower have collaborated on numerous landmark developments for over 40 years, including: Washington Square, White Flint, 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.
For more information, visit Lerner.com/WashingtonSquare.
Founded by Theodore N. Lerner in 1952, Lerner Enterprises is a respected leader in Washington, D.C. area real estate development, investment and management. Headquartered in Rockville, Maryland, Lerner is one of the largest and most diversified private real estate companies in the region, with expertise in all phases of commercial real estate – including planning, development, construction, leasing, asset management and property management. Lerner has developed and managed more than 20 million square feet of commercial, retail, hospitality and residential real estate throughout the Washington metropolitan area. The award-winning office portfolio features such iconic properties as Washington Square, 20 M Street SE, Two White Flint North, The Corporate Office Park at Dulles Town Center and The Corporate Office Centre at Tysons II, among many others.
The company is also a pioneer in sustainable development, with a notable LEED® Certified portfolio that includes Washington Square (LEED® Silver Certification), 20 M Street (LEED® Gold Certification), 2000 Tower Oaks Boulevard (Lerner’s Corporate Headquarters and the first LEED® Platinum office building in the entire Mid-Atlantic Region), and 1775 Tysons Boulevard (the first office building to achieve LEED® Platinum Certification in the Tysons market).
For more information, visit Lerner.com or follow Lerner on Twitter @LernerDC.
About The Tower Companies
For three generations, the family-owned Tower Companies has maintained a commitment to responsible development and continues to envision a world where buildings inspire and enrich the lives of their occupants and create positive social change. The sustainable building leader owns, develops, and manages over 5 million square feet in the Washington, D.C. metropolitan area consisting of office buildings, office parks, lifestyle centers, regional malls, eco-progressive live-work-play communities and hotels, with an additional 8 million square feet in the development pipeline. In 2004, The Tower Companies was the first, in the United States, to LEED® certified a multi-family community, and since then, 95% of commercial and multi-family residential properties are LEED® certified and 85% are ENERGY STAR® certified. In addition, Tower publically reports GHG emissions to The Climate Registry and offsets 100% by purchasing renewable energy and carbon credits. Looking to the future, through a partnership with the Department of Energy, The Tower Companies has pledged to reduce energy and water consumption by 20% by 2020. The Tower Companies has been acknowledged as an international authority in the industry, and has been recognized for its commitment to sustainability and energy independence by numerous national organizations and federal agencies, including US Green Building Council, US Department of Energy (DOE) and the US Environmental Protection Agency and more.
For more information, visit TowerCompanies.com.
About Financial Integrity Network
Financial Integrity Network (FIN) is a premier strategic advisory firm dedicated to helping its clients strengthen the financial integrity needed to succeed in today’s global security environment.
FIN delivers an array of strategic, advisory, and technical services to a diverse and select group of governments, financial institutions, and sectoral clients. We help to design and implement best-in-class strategies, policies, and controls to protect against the full range of illicit financing threats. Our clients share our commitment to keeping money launderers, sanctions targets, corrupt officials, terrorist networks, and weapons proliferators out of the global financial system. We harness information and leverage relationships with collective security stakeholders to identify and disrupt illicit actors around the world.
For more information on Financial Integrity Network, visit https://www.financialintegritynetwork.net/
Lisa B. Wood | 301.692.2396 | LWood@Lerner.com
Brian F. Tucker | 703.485.8883 | Brian.Tucker@am.jll.com