Lerner Begins Pre-Leasing Fallsgrove Plaza Proposed 5-story Mixed-use Class 'A' Medical Office Building Across from Shady Grove Adventist Hospital
Rockville, Maryland, October 26, 2011 - Lerner Enterprises, Washington, D.C.’s largest private real estate developer, is proud to announce that it has begun pre-leasing Fallsgrove Plaza, a planned state-of-the-art five-story 110,000 square-foot Class ‘A’ medical | office building located at the intersection of Shady Grove and Blackwell Roads within the Life Science Corridor of Rockville, Montgomery County, Maryland. Fallsgrove Plaza is designed for LEEDŽ Gold certification.
Lawrence E. Thau of CB Richard Ellis and Nicholas M. Zuppas and David A. Gittleson of Gittleson Zuppas Commercial Realty Inc. will be responsible for office | medical leasing services for Fallsgrove Plaza. Lerner will provide retail leasing services for the project.
“CB Richard Ellis along with Gittleson Zuppas Commercial Realty, are proud to represent Lerner Enterprises on their newest office building in the award-winning development of Fallsgrove,” stated Lawrence E. Thau of CB Richard Ellis. “With its premium location, amenities and features, Fallsgrove Plaza will be unlike any other medical office building available in the market,” he added.
The new building will be within walking distance to the award-winning Fallsgrove Village Center, a community shopping center featuring Safeway plus 30 shops and restaurants, the award-wining 100% leased Class ‘A’ Fallsgrove Village Office Center, the new Fallsgrove HiltonŽ Garden Inn and Fallsgrove Homewood Suites hotels and across from Shady Grove Adventist Hospital and the Johns Hopkins Life Sciences Center.
About the Fallsgrove Development
The Fallsgrove master-planned development is a 257-acre master-planned community located on the former Thomas Farm in Rockville, Maryland. Within the development is Fallsgrove Village Center which includes 150,000 square feet of retail space, residential dwellings that include single-family homes, town-homes, courtyard homes and low-to-mid ride multifamily units, the Fallsgrove HiltonŽ Garden Inn and Fallsgrove Homewood Suites hotels, and over 850,000 square feet of office space. Lerner is the developer for the retail, office and hotel components of the development.
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 LEEDŽ 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 (FallsgroveVillageCtr.com), Rockville, MD; White Flint North, North Bethesda, MD; 20 M Street, SE (20MStreetSE.com) with LEEDŽ 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 Green Initiative and development is 1775 Tysons Boulevard (Tysons2.com), an 18-story 476,000 square-foot Class ‘A’ office tower currently under construction and has the certification goal of LEEDŽ Platinum – the first building and development in Tysons Corner, Virginia to do so. The building will be Lerner’s fifth office building within the award-winning mixed-use The Corporate Office Centre at Tysons II development and will be footsteps from the new Tysons I & II Metro Station scheduled to open in 2014. Occupancy is projected for the first quarter of 2014.