Lerner Announces PAE to Expand and Extend Lease in Tysons
TYSONS, Virginia (March 25, 2016) — Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers, has announced that PAE will expand and extend their lease for 36,421 square feet at 7799 Leesburg Pike in Tysons, Virginia.
7799 Leesburg Pike (7799LeesburgPike.com), a 360,000 square foot twin-office tower located at the intersection of the Capital Beltway and Leesburg Pike (Route 7) in Tysons, Virginia. Renovations are currently underway to dramatically update the property, including the onsite amenities, lobby and landscaping. These luxurious enhancements will elevate this centrally-located property to the top of its class, creating the ideal office environment for employees, clients and visitors.
The building offers highly visible signage opportunities, complimentary Metro shuttle service, first-class property management with 24-hour security, covered parking and convenient access to the best shopping and dining in the region. Interior improvements include a café with Wi-Fi, updated two-story lobby, tenant exclusive amenities such as a private health club and expansive terrace with fire pits. Renovations are scheduled for completion in June 2016.
“The renovations and enhancements at 7799 Leesburg Pike will elevate the experience for our tenants. We are thrilled that PAE has recognized this as they expand and extend their lease,” stated Mark D. Lerner, a principal of Lerner. “Tenants continue to seek out quality projects and we look forward to welcoming a new generation of tenancy to this strategically located office project,” he added.
Bob Shue and Jay Farmer of JLL represented PAE in the transaction. Lerner was represented by Brian F. Tucker and John B. Dragelin of Cushman & Wakefield’s Virginia office. Lease opportunities are currently available for suites from 3,979 square feet up to full floors of 18,117 square feet, with multiple floors available and prominent signage opportunities visible from the Capital Beltway and Tysons.
Founded by Theodore N. Lerner in 1952, Lerner Enterprises is a respected leader in Washington, D.C. area real estate development, investment and management. Headquartered in Rockville, Maryland, Lerner is one of the largest and most diversified private real estate developers in the region, with expertise in all phases of commercial real estate – including planning, development, construction, leasing, asset management and property management. Lerner has developed and managed more than 20 million square feet of commercial, retail, hospitality and residential real estate, including an award-winning office portfolio comprised of a wide range of landmark developments throughout the Washington metropolitan area. The office portfolio features such iconic properties as Washington Square, 20 M Street SE, Two White Flint North, The Corporate Office Park at Dulles Town Center and The Corporate Office Centre at Tysons II, among many others.
The company is also a pioneer in sustainable development, with a noteworthy LEED® Certified portfolio that includes Washington Square (LEED® Silver Certification), 2000 Tower Oaks Boulevard (Lerner’s Corporate Headquarters and the first LEED® Platinum office building in Maryland), and 1775 Tysons Boulevard (the first office building designed to achieve LEED® Platinum Certification in the Tysons market).
PAE offers support for the essential missions of a wide range of customers, including the U.S. government, its allied partners and international organizations. PAE’s current portfolio includes capabilities in aviation, capacity building and stabilization, critical infrastructure, expeditionary logistics, identity and information management solutions, integrated security solutions, test and training ranges and training solutions; and enterprise-level technology products and software. For more information on PAE, please visit pae.com.