WASHINGTON, DC (July 30, 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 Cosmetic giant Sephora has signed a lease at Washington Square, the twelve-story, award-winning landmark office building located at 1050 Connecticut Avenue and L Street, NW. The 6,000 square foot store is slated to open this fall.
“Sephora is a visionary beauty-retail concept, and will be an exceptional complement to the retail collection at Washington Square,” stated Mark D. Lerner, a principal of Lerner. “Our tenants and surrounding neighbors will enjoy their offerings, and we are excited to welcome them to the property," he added.
Sephora joins many retail and dining options already at Washington Square, including Morton's – The Steakhouse, Starbucks, Men’s Warehouse, Leon, LouLou, and many others.
Mike Howard of Rappaport and Bobby Traynham of Rhino Realty represented Sephora in the transaction. Washington Square was represented by Lerner.
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® Gold 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® Gold 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 noteworthy LEED® Certified portfolio that includes Washington Square (LEED® Gold), 20 M Street (LEED® Gold – the first LEED® Certified office building in Washington), 2000 Tower Oaks Boulevard (Lerner’s corporate headquarters and the first LEED® Platinum office building in the Mid-Atlantic Region), 1775 Tysons Boulevard (the first LEED® Platinum building in the Tysons market) and 1725 Tysons Boulevard (designed to achieve LEED® Platinum, starting construction in fall 2020).
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.
Sephora is a leader in global prestige retail, teaching and inspiring clients to play in a world of beauty. Owned by LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury goods group, Sephora has earned its reputation as a beauty trailblazer with its expertise, innovation, and entrepreneurial spirit.
At Sephora, beauty is in our DNA. Our revolutionary beauty-retail concept, founded in France by Dominique Mandonnaud in 1970, is defined by its unique, open-sell environment with an ever-increasing assortment of products from carefully curated brands, featuring indie darlings, emerging favorites, trusted classics, and Sephora’s own, SEPHORA COLLECTION. Today, Sephora is not only the leading retailer of perfume and cosmetics stores in France, but also a powerful beauty presence in countries around the world thanks to its unparalleled assortment of prestige products in every category, unbiased service from experts, interactive shopping environment, and innovation.
Sephora believes every stroke, swipe and dab reveals possibility, and we share our client’s love for the confidence that our products, services, and expertise brings to their life every day. In every store, clients unlock their beauty potential at our Beauty, Skincare and Fragrance Studios through intuitive technology and guidance from the most knowledgeable and professional team of product consultants in the beauty industry.
For more information, visit Sephora.com.
Washington Square Office Leasing Contact:
Randy Harrell | 202.585.5556 | Randy.Harrell@cbre.com
Washington Square Retail Leasing Contact:
Gregory Hull | 301.692.2206 | GHull@Lerner.com
Washington Square Media Contact:
Lisa Wood | 301.692.2396 | LWood@Lerner.com