Lerner Enterprises Developing Three Projects in the 270 Corridor

ROCKVILLE, MD-One of three class A office projects is slated for ground-breaking at the Fallsgrove project, according to Grubb & Ellis. Lerner Enterprises will soon break ground on a 208,000-sf office complex here, say officials of the DC-based real estate developer. The Fallsgrove Corporate Center, slated for construction at 1900 Research Boulevard and West Gude Drive, will be an eight-story class A office building with world-class appointments. Due for completion in spring 2002, Peter Hill-Byrne of Grubb & Ellis says that, depending on market strength and tenant requirements, the space will rent in the range of $33 per sf to $35 per sf.

The center is one of three class A office projects Lerner is developing at Fallsgrove. Lerner will also develop Fallsgrove Executive Plaza, a 230,000-sf office building and a mixed-use project known as the Fallsgrove Village Center, which will contain an integrated 75,000-sf office building. Both sites have major frontage along heavily trafficked Shady Grove Road and are suitable for corporate headquarters.

Each of these buildings will be located in the newly planned 257-acre mixed-use development in the 270 corridor. The Fallsgrove master plan includes more than 850,000 sf of office and R&D space, a mix of over 1,350 residential units and 150,000 sf of retail and restaurant space.

Fallsgrove Corporate Center, designed by Weihe Design Group, includes a two-story entry wrapped in glass and steel, a lobby with granite and terrazzo flooring and custom wood wall panels. The exterior will be wrapped in bands of architectural precast concrete and glass articulated facades. Amenities will include a circular drop off plaza in front of the building, a lighted and covered walkway connecting the parking garage to the building, a cafe and newsstand and a fitness center.