Lerner Announces Morgan Stanley and Charles Schwab Lease Renewals at 1650 Tysons Boulevard
TYSONS, Virginia (May 10, 2016) — Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers, is pleased to announce that Morgan Stanley has renewed its lease for 33,172 square feet and Charles Schwab has renewed and expanded its lease for 13,926 square feet at 1650 Tysons Boulevard. The building is located in the heart of Lerner's renowned master-planned development, The Corporate Office Centre at Tysons II, located in Fairfax County in Northern Virginia.
"We are very pleased to extend our relationships with Morgan Stanley and Charles Schwab at 1650 Tysons Boulevard," stated Mark D. Lerner, a principal of Lerner. "Both companies are leaders in the financial services industry and have been long-time tenants in Tysons II. We are thrilled that they will continue to enjoy this amenity-rich destination, with its unmatched accessibility and world-class facilities – all of which are located just footsteps from the newly-opened Tysons Corner Metro Station. The Corporate Office Centre at Tysons II continues to solidify its position as the iconic business address of Northern Virginia," he added.
Charles Schwab was represented by Brian Murphy and Shannon Murphy of CBRE, and Morgan Stanley was represented by Jude Collins of Cushman & Wakefield. Tysons II and Lerner were represented by Brian F. Tucker, Moe H. Hamilton, and John B. Dragelin of the Virginia office of Cushman & Wakefield.
The Corporate Office Centre at Tysons II has leasing opportunities with flexible floor plans and rate structures to accommodate a broad range of tenants seeking Class 'A' office space moments from world-class shopping at Tysons Galleria and the Tysons Corner Metro Station. Among its numerous dining choices, Tysons II is home to the Palm Restaurant, Founding Farmers Tysons, America Eats Tavern by José Andrés and a future signature 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 commercial 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 are Tysons Galleria (an 800,000 square foot luxury shopping destination featuring Neiman Marcus, Saks Fifth Avenue, dozens of boutique shops and numerous destination restaurants), 1600 Tysons Boulevard (a 305,000 square foot LEED® Silver office tower), 1650 Tysons Boulevard (a 395,000 square foot office tower), 1750 Tysons Boulevard (a 405,000 square foot office tower), 1775 Tysons Boulevard (a 476,000 square foot office tower designed for LEED® Platinum), 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 these projects were originally developed by Lerner. Also within Tysons II is The Ritz-Carlton Tysons, which was previously named one of the Top 50 Hotels in the United States by Condé Nast Traveler Readers’ Choice Awards and offers elegant accommodations and superior personal service.
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 companies 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 throughout the Washington metropolitan area. The award-winning 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 notable LEED® Certified portfolio that includes Washington Square (LEED® Silver Certification), 20 M Street (LEED® Gold Certification), 2000 Tower Oaks Boulevard (Lerner’s Corporate Headquarters and the first LEED® Platinum office building in the entire Mid-Atlantic Region), and 1775 Tysons Boulevard (the first office building designed to achieve LEED® Platinum Certification in the Tysons market).
For more information, visit Lerner.com or follow Lerner on Twitter @LernerDC.
About Morgan Stanley
Morgan Stanley (NYSE: MS) is a leading global financial services firm that provides investment banking, securities, wealth management and investment management services. With offices in more than 43 countries, the Firm’s employees serve a worldwide clientele of corporations, governments, institutions and individuals. For more information about Morgan Stanley, please visit morganstanley.com.
About Charles Schwab
The Charles Schwab Corporation (NYSE:SCHW) is a leading provider of financial services, with more than 325 offices and 9.9 million active brokerage accounts, 1.5 million corporate retirement plan participants, 1.0 million banking accounts, and $2.56 trillion in client assets as of March 31, 2016. Through its operating subsidiaries, the company provides a full range of wealth management, securities brokerage, banking, money management, custody, and financial advisory services to individual investors and independent investment advisors. More information is available at schwab.com and aboutschwab.com.
Eugene Buot | 301.692.2253 | EBuot@Lerner.com
Brian F. Tucker | 703.847.2757 | Brian.Tucker@cushwake.com