Regus Renews Lease and Expands at Washington Square
Washington, D.C., March 19, 2015 - Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers, and The Tower Companies, the largest Green Builders in the nation’s capital, both of Rockville, Maryland, are pleased to announce that Regus has renewed their lease and expanded to 34,489 square feet at Washington Square, the twelve story LEED® Silver award-winning landmark office building located at 1050 Connecticut Avenue, L Street and 18th Street, NW.
“We are pleased to extend our relationship with our long-term tenant Regus in our trophy office building in the heart of the nation’s capital,” stated Mark D. Lerner, a principal of Lerner, co-developer and co-owner of Washington Square. “With its timeless design, world-class amenities, and a location three blocks from the White House and the World Bank, Washington Square maintains its position as one of Washington’s most desired office properties,” he added.
Regus (http://www.regus.com) is a global workplace provider with more than 2,000 business centers in 104 countries and provides convenient, high-quality, full serviced spaces for people to work, whether for a few minutes or a few years.
Regus was represented by Kevin S. Brant of JLL. Lerner and The Tower Companies were represented by Brian R. Raher, Brian F. Tucker and Michael B. Katcher of Cushman & Wakefield. Retail leasing at Washington Square is represented by William J. Winterburn, Vice President of Retail Leasing for Lerner.
Class ‘A’ office space up to 37,500 square feet and a few remaining Ultimate Suites starting at 3,737 square feet are available within the iconic award-winning Washington Square office building.
About Washington Square
Washington Square (WashingtonSquareDC.com), located at 1050 Connecticut Avenue, NW, in the heart of Washington, D.C.'s Central Business District, is an award-winning 1,000,000 square foot landmark office building. Washington Square's recent renovation included extensive exterior, lobby, atrium and building system upgrades. The building perfectly blends business with pleasure with premier office tenants such as the American Bar Association, Baker Hostetler, Gibson, Dunn& Crutcher, and premium retail choices including The Art of Shaving, Sarar, Morton's - The Steakhouse, Au Bon Pain, Lou Lou Boutique, Starbucks, Victoria's Secret and many others. The building is home to four luxurious Ultimate Suites, which provide potential tenants a turn-key flexible office with high-end finishes. The suites feature premium wood, stone and decorative accents and vary in size up to 7,300± square feet. The building is a co-development of Lerner and The Tower Companies, both of Rockville, Maryland. Lerner and Tower have collaborated on numerous landmark developments for over 40 years including: White Flint, Washington Square, White Flint North, Beaumeade Corporate Park, Residence Inn – Dulles Airport @ Dulles 28 Centre, 2000 Tower Oaks Boulevard, Dulles 28 Centre, and numerous other projects in the Washington, D.C. area.
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).
About The Tower Companies
The Tower Companies is a family-owned, award-winning real estate
development company founded by Albert Abramson in 1947. Tower has
pioneered the building of USGBC LEED® certified residential
and commercial properties and its portfolio includes over 5 million
square feet of office buildings, office parks, lifestyle centers,
regional malls, eco-progressive live-work-play communities and hotels
in the Washington, DC Area. Additionally, a 3.8 million square foot
Blair Master Plan redevelopment is in progress for vibrant urban
living in Downtown Silver Spring, MD, including five acres of public
parks, and a 5.4 million square foot White Flint mixed-use redevelopment
is in progress in North Bethesda, MD. The Tower Companies is proud
to be a Carbon Neutral organization. For more information on The
Tower Companies, please visit TowerCompanies.com.