Tysons, Virginia, March 18, 2015 - Lerner Enterprises, one of Washington, D.C.’s largest private real estate developers based in Rockville, Maryland, is pleased to announce that M&T Bank has renewed their lease and expanded to 19,100 square feet at 7799 Leesburg Pike in Tysons, Virginia.
“We are pleased to extend and expand upon our relationship with M&T Bank at 7799 Leesburg Pike,” stated Mark D. Lerner, a principal of Lerner. “With a location minutes from Tysons Corner Center and accessibility from the Capital Beltway and Leesburg Pike, 7799 Leesburg Pike is ideally situated for corporations and associations seeking modern space in the new Tysons, Virginia,” he added.
M&T is a financial holding company headquartered in Buffalo, New York. M&T Bank, M&T’s principal banking subsidiary, operates banking office in New York, Pennsylvania, Maryland, Virginia, West Virginia, Delaware and the District of Columbia.
M&T Bank (http://www.mtb.com) was represented by Susan Kay, Bernard F. McKeever, and Phil M. McCarthy of Transwestern in the transaction. Leasing at 7799 Leesburg Pike is represented by Brian F. Tucker and John B. Dragelin in the Virginia office of Cushman & Wakefield.
7799 Leesburg Pike is a 360,000 square-foot Class ‘A’ twin-office tower development located at the intersection of the Capital Beltway and Leesburg Pike (Route 7) in Tysons, Virginia. The two office buildings feature covered parking and provide spectacular views of the Tysons skyline and Northern Virginia.
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).