Washington, D.C., March 6, 2012 - Lerner Enterprises, Washington, D.C.’s largest private real estate developer, and The Tower Companies, the largest Green Builders in the nation’s capital, both of Rockville, Maryland, announced today that the American Bar Association (ABA) will lease 61,000 square feet at Washington Square, located at 1050 Connecticut Avenue at L Street, NW. The new offices, scheduled for occupancy in June 2013, will act as the ABA’s new national headquarters. Washington Square (WashingtonSquareDC.com) was originally developed by Lerner and Tower in 1982 and recently completed a major $14 million dollar common area renovation.
The American Bar Association (AmericanBar.org) is the largest voluntary professional association in the world. With nearly 400,000 members, the ABA provides law school accreditation, continuing legal education, information about the law, programs to assist lawyers and judges in their work, and initiatives to improve the legal system for the public.
“We are delighted to have the American Bar Association as our newest prestigious tenant,” stated Mark D. Lerner, a principal of Lerner. “With its premium location just footsteps from the most successful law firms in the country, Washington Square continues to be one of the most desired office buildings in all of Washington, D.C.,” he added.
The ABA was represented by Arthur G. Greenberg, John J. Goodman and Bie Chu Lee of the Washington, D.C. office of Studley and Washington Square was represented by Brian F. Tucker and Brian R. Raher of Cushman and Wakefield. Lerner and Tower recently announced the expansions and long term extensions of two of Washington Square’s distinguished law firms Baker Hostetler and Gibson, Dunn & Crutcher. Gibson recently expanded their offices to 205,000 square feet and Baker Hostetler expanded to 100,000 in 2011.
Washington Square currently has 23,000 square feet on the 10th floor and 20,000 square feet on the 12th floor available for immediate occupancy and 170,000 square feet available for occupancy beginning in January 2013.
|Lerner Enterprises and The Tower Companies have collaborated on numerous landmark developments for over 40 years including: White Flint Mall, Washington Square, White Flint North, Beaumeade Corporate Park, Residence Inn by Marriott – Dulles Airport @ Dulles 28 Centre, 2000 Tower Oaks Boulevard, Dulles 28 Centre, and numerous other projects in the Washington, D.C. area.
|About Lerner Enterprises
|Lerner Enterprises (Lerner.com) of Rockville, Maryland, founded by Theodore N. Lerner in 1952, is Washington, D.C.'s largest private real estate developer and is involved in all phases of commercial, residential, retail, hotel and mixed-use real estate. This includes planning, development, construction, leasing, asset and property management. Lerner has developed and currently manages more than 15 million square feet of office buildings, retail centers and residential communities. Lerner's office portfolio is comprised of many well-known developments including: 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.; The Corporate Office Centre at Tysons II (Tysons2.com), Tysons Corner, VA; 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 Office Park (FlintHillOfficePark.com), Fairfax, VA; 7799 Leesburg Pike, Falls Church, VA, among many others.
Lerner’s newest office developments include 1775 Tysons Boulevard (Tysons2.com), an 18-story, 476,000 square-foot Class ‘A’ office tower that is currently under construction, is footsteps from the Tysons I and Tysons II Metro Station and has the certification goal of LEED® Platinum – the first office building development in Tysons Corner, Virginia to do so; and Fallsgrove Plaza (FallsgroveOffice.com), a planned state-of-the-art five-story 110,000 square-foot Class ‘A’ medical office building with a LEED® Gold certification goal. The project is located on Shady Grove and Blackwell Roads in Rockville, Maryland within the Life Science Corridor of Montgomery County, Maryland.
About The Tower Companies
The Tower Companies (TowerCompanies.com) is a closely held, award winning real estate Development Company founded by Albert Abramson in 1947, ranks #16 on the 2012 EPA Green Power Purchasers List; received the “2010 Awards of Excellence Development Company of the Year,” by Multi Housing News for their corporate green initiatives. Tower is EPA certified carbon-neutral and a member of ENERGY STAR and Green Power Partnership Leadership programs. Tower is also the first Real Estate Development Company to become Climate Registered with The Climate Registry. Tower has developed 4.5 million square feet of office buildings, office parks, 1,400 apartments, regional malls, residential communities, lifestyle centers, and hotels within the D.C. area. Of this total, 1.5 million square feet are LEED® certified sustainable buildings and another 3 million square feet are in the planning stages. Three of the eleven certified properties are Platinum.
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