General Services Administration Leases Space at 20 M Street
Washington, D.C., August 13 , 2009 – Lerner Enterprises of Rockville, Maryland, Washington, D.C.’s largest private real estate developer, has announced that it has secured a 10-year lease agreement with the General Services Administration (GSA) for 94,435 rentable square feet on behalf of the Bureau of Land Management at 20 M Street, SE in Washington, DC. The Bureau of Land Management will be located on floors two through six of the building and is expected to begin occupancy in the first quarter of 2010.
20 M Street is a 190,600 square foot Class ‘A’ office building located in the Southeast Washington Capitol Riverfront District (CapitolRiverfront.org) located at the intersection of M and Half Streets. 20 M Street is situated directly across from the newly expanded Navy Yard Metro Station and two blocks from Nationals Park, the new home of the Washington Nationals Baseball Club.
20 M Street was awarded a LEEDŽ Gold certification, the first office building in the city to achieve this certification level for Core and Shell. 20 M Street was the first building designed and developed by Lerner under its Green Initiative Program that, in addition to building state-of-the-art environmental friendly buildings, focuses great attention on utilizing energy and resource conservation, while preserving a healthy environment for tenants and visitors alike. The building’s environmental benefits include roofing designed to reduce heat island effects, plumbing designed to reduce water consumption, water reclamation for the building’s landscape, reduced energy consumption through high efficiency HVAC systems, maximized use of recycled materials, humidification controls to ensure optimum tenant comfort and proximity to Metro that encourages the use of public transportation.
Lerner was represented by Brian R. Raher of the Washington, DC office Cushman & Wakefield and the General Services Administration was represented by the Washington, DC office of Studley.
For more information on 20 M Street, please visit: 20MStreetSE.com.
For more information on the General Services Administration, please visit: GSA.gov.
For more information on the Bureau of Land Management, please visit: BLM.gov.
About Lerner Enterprises
Lerner Enterprises 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 office, retail, hotel and residential real estate. This includes planning, development, construction, leasing, 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 has several well-known developments including: The Corporate Office Park at Dulles Town Center, Dulles, VA; The Corporate Office Centre at Tysons II, McLean, VA; 2000 Tower Oaks Boulevard, Rockville, MD (LEEDŽ Platinum Certification); Fallsgrove Village Office Center, Rockville, MD; White Flint North, North Bethesda, MD (Headquarters of the United States Nuclear Regulatory Commission); Washington Square at 1050 Connecticut Avenue, NW and 1133 Connecticut Avenue, NW in Washington, DC; Flint Hill Office Park, Fairfax, VA; 7799 Leesburg Pike, Falls Church, VA; and 400 Army Navy Drive, Arlington, VA, among many others.
Recent awards include the 2009 National Association of Industrial and Office Parks (NAIOP) Best Green Building of the Year for 2000 Tower Oaks Boulevard (LEEDŽ Platinum Certification), the 2009 Peerless Rockville Preservation Award and the Honor Award for Design Excellence in the Fairfax County 2009 Exceptional Design Awards Program for 1800 Tysons Boulevard in The Corporate Office Centre at Tysons II. NAIOP awards have also been awarded for Fallsgrove Village Office Center; 1650, 1750 and 1800 Tysons Boulevard; and 21000 Atlantic Boulevard in The Corporate Office Park at Dulles Town Center.
In addition, 2000 Tower Oaks Boulevard was recently certified as one of the first LEEDŽ Platinum office buildings in the State of Maryland. The project qualifies for Maryland Green Building Tax Credits of over $1.6 million.