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Lerner Announces Capital One To Open 136,000 Square Foot Office In 1750 Tysons Boulevard At Tysons II


Tysons, Virginia, April 24, 2015 - Lerner Enterprises, one of Washington, D.C.'s largest private real estate developers based in Rockville, Maryland, is pleased to announce that Capital One has signed a lease for 136,000 square feet at 1750 Tysons Boulevard in The Corporate Office Centre at Tysons II in Tysons, Virginia. Capital One anticipates opening their offices in late 2015 and will occupy six full floors in the 18-story Class 'A' office tower.

"We are pleased to welcome Capital One to Tysons II and are honored to add a Fortune 200 firm to our growing tenant roster," stated Mark D. Lerner, a principal of Lerner and developer of Tysons II. "Capital One has consistently been ranked as one of the best companies to work for and their many employees will enjoy the on-site Metro Station and a direct connection to the amenity laden Tysons Galleria and Ritz-Carlton Hotel. The Corporate Office Centre at Tysons II continues to solidify its position as the iconic business address of Northern Virginia," he added.

Headquartered in McLean, Virginia, Capital One Financial Corporation (NYSE: COF) is a Fortune 200 company that is one of the most widely recognized brands in America, offering a broad array of financial products and services to consumers, small businesses and commercial clients.

Capital One was represented by Jeffrey M. Roman and John DiCamillo of CBRE. Tysons II and Lerner were represented by Brian F. Tucker, Moe H. Hamilton, and John B. Dragelin of Cushman & Wakefield's Virginia office.

The Corporate Office Centre at Tysons II has leasing opportunities with flexible floor plans from 2,500 square feet up to multi-floor opportunities to accommodate tenants interested in Class 'A' office space footsteps from world-class shopping at Tysons Galleria and the Tysons Corner Metro Silver Line Station. Among its numerous dining choices, Tysons II is home to the Palm Restaurant, the newly opened Founding Farmers Tysons, Jose Andres' America Eats Tavern and a future white table cloth restaurant at 1775 Tysons Boulevard.

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 footsteps from the on-site Tysons Corner Metro Station. Within the 117 acre development is Tysons Galleria, an 800,000 square foot luxury shopping destination featuring Neiman Marcus, Saks Fifth Avenue, dozens of boutique shops offering the latest fashion trends and numerous destination restaurants; 1600 Tysons Boulevard, a LEED® Certified 305,000 square foot office tower; 1650 Tysons Boulevard, a 395,000 square foot office tower; 1750 Tysons Boulevard, a 405,000 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 the projects were originally developed by Lerner. The Ritz-Carlton Hotel • Tysons Corner, also within The Corporate Office Centre at Tysons II, was previously named one of the top 50 hotels in the United States by Conde Nast Traveler Readers' Choice Awards and offers elegant accommodations and superior personal service.

1775 Tysons Boulevard, a 476,000 square foot 18-story state-of-the-art office tower currently under construction, is the newest addition within The Corporate Office Centre at Tysons II. 1775 Tysons Boulevard is registered with the certification goal of LEED® Platinum – the first building in Tysons planned to do so – and is slated for completion in late 2015.

About Lerner

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 highly 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 company is also a pioneer in sustainable development, with a noteworthy LEED® Certified portfolio that includes the first LEED® Platinum office building in the entire Mid-Atlantic Region (2000 Tower Oaks Boulevard, Lerner's corporate headquarters) and the first office building designed to achieve LEED® Platinum Certification in the Tysons market of Greater Washington (1775 Tysons Boulevard). Follow Lerner on Twitter @LernerDC.