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PNC Bank to Open New Office in 1750 Tysons Boulevard within The Corporate Office Centre At Tysons II

Tysons Corner, Virginia, October 16, 2012 - Lerner Enterprises, Washington, D.C.’s largest private real estate developer, is proud to announce that PNC Bank, one of the nation’s premier financial organizations, has signed a lease for 19,300 square feet on the third floor of 1750 Tysons Boulevard in Tysons Corner, Virginia.

“We are pleased to welcome PNC Bank as the newest premier tenant within 1750 Tysons Boulevard,” said Mark D. Lerner, a principal of Lerner Enterprises.  “As the best corporate location in Northern Virginia, The Corporate Office Centre at Tysons II continues to provide the very best in amenities for our tenants and will continue on that excellence in the future,” he added.

One of the premier office towers in Tysons Corner, 1750 Tysons Boulevard is a 405,000 rentable square foot, Class ‘A’ office building located within The Corporate Office Centre at Tysons II. The building features the world renowned Palm Restaurant and a climate controlled walkway connected to the premier shopping destination, Tysons Galleria, and The Ritz Carlton ● Tysons Corner.  The state-of-the-art building includes an advanced communication system, a granite-clad exterior, an on-site Concierge Service, a café, a fitness center and prestigious neighbors including Deloitte, J.P. Morgan, Alion, McGuire Woods, LLP, Greenburg Traurig, LLP, The Business Bank and Carr Workplaces.

Lerner was represented by Brian F. Tucker and John B. Dragelin of the Virginia office of Cushman & Wakefield.  PNC Bank was represented by Doug A. Eliot and James T. Palmer of Avison Young.

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 Metro 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 308,000 rentable square foot office tower; 1650 Tysons Boulevard, a 378,000 rentable 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.

Lerner will begin vertical construction on its newest development, 1775 Tysons Boulevard, a 477,000 square-foot state-of-the-art office tower planned for occupancy for early 2014.  The Kohn Pederson Fox Associates of New York designed building will be located one block from the new Tysons Corner Metro Station scheduled to open in late 2013.

About Lerner Enterprises

Celebrating 60 years in business, 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 has also commenced construction on Fallsgrove Plaza (FallsgroveOffice.com), a state of the art 110,000 square foot medical | office building to be located in Rockville, Maryland with occupancy projected for early 2014.