North Bethesda, Maryland, June 19, 2001 - Lerner Enterprises announced today that Safeway Food & Drug will anchor its new FALLSGROVE VILLAGE CENTER, part of the new and exciting Fallsgrove mixed use development in Rockville, Maryland. The retail center will accommodate over forty retail stores, restaurants, banks, and a variety of neighborhood retail services. The Safeway will be one of the brand new prototype stores with 57,000 square feet and will anchor this project which is scheduled to open Spring 2002.
Fallsgrove Village Center is a retail/office project located at the main entrance to the Fallsgrove development fronting Shady Grove road at Fallsgrove Boulevard/Medical Center Way directly across from the Shady Grove Medical Complex. The project includes a 150,000 square foot community retail center and a 75,000 square foot Class "A" three story Office Building. The project was designed by Bignell, Watkins, Hasser Architects of Annapolis, Maryland.
Also being developed by Lerner Enterprises within the Fallsgrove development is Fallsgrove Corporate Center, a 208,000 square foot Class "A" Office Building and Fallsgrove Executive Plaza, a 240,000 square foot Class "A" space on Shady Grove Road.
Fallsgrove is a 257 acre mixed-use master planned development on the former Thomas Farm site in Rockville, (Montgomery County) Maryland. It is located at the confluence of Shady Grove Road, Darnestown Road and Key West Avenue. Fallsgrove will include 950,000 square feet of office and research & development space, 1,530 residential units and 150,000 square feet of retail and restaurant space.
Lerner Enterprises is a real estate development, management and leasing company based in North Bethesda, Maryland. For leasing information on retail opportunities call William J. Winterburn at Lerner Corporation 301.984.1500 (Ext. 263) or e-mail email@example.com and for office opportunities, call Peter Hill-Byrne at Grubb&Ellis 301.530.8200 or e-mail firstname.lastname@example.org.
Lerner Enterprises, founded by Theodore N. Lerner, is one of Washington, DC's largest real estate developers and is involved in all phases of commercial and residential real estate including planning, development, construction, leasing, asset and property management.
The company's regional mall portfolio also includes White Flint in North Bethesda, Maryland and Landover Mall in Landover, Maryland. Lerner was also the original developer of Tysons Corner Center and Tysons II Galleria in McLean, Virginia and Wheaton Plaza in Wheaton, Maryland.
Lerner Enterprises' retail portfolio also includes a diverse mix of shopping center around Washington, DC area. These include North Point Village Center and The Spectrum at Reston Town Center in Reston, Virginia, Annapolis Harbour Center in Annapolis, Maryland, Summit Centre in Alexandria, Virginia and Towne Plaza in Rockville, Maryland.
Additional information is available on the following Internet sites:
Lerner Enterprises - Lerner.com
Fallsgrove Corporate Center - FallsgroveOffice.com