Park Hotels Signs Lease at 1775 Tysons Boulevard in
Rockville, Maryland (August 4, 2017) — Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers, is pleased to announce that Park Hotels has signed a lease to locate its corporate headquarters in 1775 Tysons Boulevard in Tysons, Virginia. Park Hotels will occupy 31,000 square feet in the newest landmark office tower in Tysons II, the premier master-planned development in Northern Virginia.
1775 Tysons Boulevard is the newest addition to Lerner’s Tysons II master plan, representing the ultimate expression of innovation and sophistication. As the first building in Tysons to achieve LEED® Platinum certification, this pioneering landmark combines unparalleled sustainability with world-class amenities and cutting-edge design – creating a truly inspirational workplace.
"Lerner is thrilled to welcome Park Hotels to 1775 Tysons Boulevard. Park is a premier hospitality company, and it is the latest example of the many industry-leading companies that have chosen Tysons II over the years. We know that 1775 will serve the company well as the home for its corporate headquarters, with its healthy work environment, state-of-the-art amenities and the abundance of lifestyle attractions in Tysons II,” stated Mark D. Lerner, a principal of Lerner.
Ownership was represented by Brian F. Tucker and John B. Dragelin of JLL.
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, 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), 20 M Street (LEED® Gold – the first LEED® Certified office building in Washington), 2000 Tower Oaks Boulevard (Lerner’s corporate headquarters and the first LEED® Platinum office building in the Mid-Atlantic Region), and 1775 Tysons Boulevard (the first LEED® Platinum building in the Tysons market).
For more information, please visit Lerner.com or follow Lerner on Twitter @LernerDC.
About Park Hotels & Resorts
Park Hotels & Resorts Inc. (NYSE: PK) is one of the largest publicly traded lodging real estate investment trusts, with a diverse portfolio of market-leading hotels and resorts with significant underlying real estate value. Park’s portfolio currently consists of 67 premium-branded hotels and resorts with over 35,000 rooms located in prime U.S. and international markets with high barriers to entry.
For more information, visit www.pkhotelsandresorts.com.
Cheryl Garver | 301.692.2396 | CGarver@Lerner.com
Brian F. Tucker | 703.485.8883 | Brian.Tucker@am.jll.com