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Lerner Begins Vertical Construction of 1775 Tysons Boulevard; State-of-the-art Office Tower to Deliver Late 2015

Tysons, Virginia, January 24, 2014 – Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers, has begun vertical construction of 1775 Tysons Boulevard, an 18-story state-of-the-art office tower in The Corporate Office Centre at Tysons II in Tysons, Virginia.  The 476,000-square foot, Class ‘A’ office tower will deliver in late 2015.  The Whiting-Turner Contracting Company of Chantilly, Virginia is the general contractor for the project.

“We are excited to begin construction of 1775 Tysons Boulevard, as the iconic building symbolizes the new urban landscape of Tysons, Virginia,” stated Mark D. Lerner, a principal of Lerner.  “With the upcoming opening of the new Tysons Corner Silver Line Metro Station, we have received an elevated level of interest in our newest project within The Corporate Office Centre at Tysons II,” he added.

Designed by the internationally acclaimed architectural firm of Kohn Pederson Fox Associates of New York (KPF.com), 1775 Tysons Boulevard will be located a block from the new Tysons Corner Metro Station that is scheduled to open in the Spring of 2014.  The building will be connected via a climate controlled skywalk bridge over Tysons Boulevard that provides connectivity to the entire Tysons II development including The Corporate Office Centre at Tysons II;  Tysons Galleria, Washington’s premier luxury shopping and dining destination; and The Ritz-Carlton Hotel • Tysons Corner.

The building will be one of the most modern work places in Northern Virginia and in the Tysons district.  The green building standards will provide healthy indoor and outdoor environments to tenants while conserving natural resources and energy.  The state-of-the-art office tower is registered with the certification goal of LEED® Platinum – the first building within Tysons planned to do so.

‘GREEN’ BUILDING FEATURES AND OTHER PROJECT AMENITIES INCLUDE:

About The Corporate Office Centre at Tysons II

The Corporate Office Centre at Tysons II (Tysons2.com) is recognized as the most prestigious address in the Washington D.C. Metro region.  Tysons II is a master planned development containing high-end retail, office, hotel and residential projects.  Located where Chain Bridge Road meets International Drive, The Corporate Office Centre at Tysons II is at the footsteps of the new Tysons Corner Station, scheduled to open in late 2013.  Within the 117 acre development is Tysons Galleria, an 800,000 square foot luxury shopping destination featuring Neiman Marcus, Saks Fifth Avenue,  shops with the latest trends and numerous destination restaurants; 1600 Tysons Boulevard, a 295,000 square foot office tower; 1650 Tysons Boulevard, a 375,000 square foot office tower; 1750 Tysons Boulevard, a 385,000 square foot office tower; 1800 Tysons Boulevard, a 320,000 square foot office tower; and Lillian Court at Tysons II, a 286 unit award winning luxury condominium project all of which were originally developed by Lerner.  The Ritz-Carlton Hotel • Tysons Corner, which is also within The Corporate Office Centre at Tysons II, was previously named one of the top 50 hotels in the United States by Condé Naste Traveler Reader’s Choice Awards and offers elegant accommodations and superior personal service.

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 Corner, 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.

Lerner’s newest developments include:

FACTSHEET

1775 TYSONS BOULEVARD | THE CORPORATE OFFICE CENTRE AT TYSONS II

1775 Tysons Boulevard will be the fifth premier office tower within The Corporate Office Centre at Tysons II in Tysons, Virginia.  The 476,000 square-foot state-of-the-art 18-story office tower is designed for LEED® Platinum Certification and is located just outside Washington, D.C.

Construction Start:  January, 2014
Developer:  Lerner Enterprises, Rockville, Maryland
Architect:  Kohn Pederson Fox Associates PC, New York, New York
Contractor:  Whiting-Turner Contracting Company, Chantilly, Virginia
Office Leasing:  Brian F. Tucker, Cushman & Wakefield, Virginia Office, 703.847.2757
Retail Leasing:  William J. Winterburn, Lerner, 301.692.2286
Proposed Completion: Late 2015
Construction Cam:  http://oxblue.com/open/1775TysonsBoulevard
Building Renderings:  http://www.tysons2.com/1775.html

About 1775 Tysons Boulevard: 1775 Tysons Boulevard, a state-of-the-art 18-story, 476,000 sq. ft. world class office tower in The Corporate Office Centre at Tysons II, will be the fifth office building in this award-winning mixed-use development. Designed by the acclaimed architectural firm of Kohn Pedersen Fox Associates (KPF) of New York.  Location:  Highly visible Tysons Corner property with access to the Dulles Toll Road, the Capital Beltway and the regional road network.  The Tysons Corner Metro Station will be conveniently located within The Corporate Office Centre at Tysons II, providing convenient access to employees and guests. The development is also served by the regional bus system.  Features: Designed for LEED® Platinum Certification; 360º views; 30,000 net rentable square foot floor plates; 9’ – 0” finished ceilings; 2-story, light-filled lobby with ceremonial staircase and artistic water feature; state-of-the-art building systems; exclusive ground floor banking and retail opportunities that front on Tysons Boulevard; a planned fine dining restaurant; Concierge; Café; Fitness Center; Conference Center; 24-hour on-site security and property management; dedicated pedestrian areas featuring extensive landscaping and seating, including a 1-acre park situated at Tysons Boulevard & Galleria Drive; adjoining multi- level covered parking garage; enclosed climate controlled skywalk across Tysons Boulevard to The Ritz-Carlton Hotel, The Palm restaurant, Tysons Galleria shops and restaurants.  Located at the Capital Beltway and Route 123, Tysons II is a skillfully designed, multi-phased, mixed-use development featuring tree-lined roadways, pedestrian walkways, landscaped parks, and an upscale shopping mall. The development will ultimately include 6.8 million square feet of retail, office, hotel and residential components, served with luxury hotels with state-of-the-art meeting facilities, fine dining and day spa services.