Founded by Theodore N. Lerner in 1952, Lerner is one of Washington’s largest and most respected real estate development and management companies. Based in Rockville, MD, the company is a best-in-class developer with a diverse, award-winning portfolio of office, residential, retail, hospitality and mixed-use properties. No other company has done more to transform and define the landscape of metropolitan Washington than Lerner.
In addition to its unwavering commitment to building enduring properties that stand the test of time, Lerner is also renowned for the unrivaled quality of its property management. As a long-term owner and operator, the company has always focused on providing first-class management services to ensure that every property is maintained to the very highest standards.
The history of Tysons is closely intertwined with the history of Lerner, as it was Ted Lerner who first envisioned what Tysons could become. Tysons was only rural farmland when Mr. Lerner bought it, but his instinct to develop a regional shopping mall near the proposed Capital Beltway was quickly validated. When it opened in 1968, Tysons Corner Center replaced Wheaton Plaza (Mr. Lerner’s first shopping mall) as the largest shopping center in the area and became an extraordinary success.
Recognizing that the potential of Tysons was not limited to a single mall, Mr. Lerner executed plans to develop the land opposite Tysons Corner Center, which became known as Tysons II—a distinctive 117-acre master-planned development comprised of luxury retail, office, and residential properties, as well as The Ritz-Carlton Hotel. Within Tysons II, Mr. Lerner and his family built the renowned Tysons Galleria, an 800,000-square foot luxury shopping destination that opened in 1988, followed by The Corporate Office Centre at Tysons II – currently comprised of four trophy office towers and now joined by 1775 Tysons Boulevard.
Today, as an already thriving commercial center poised to ascend to even greater heights in the coming years, Tysons stands as a testament to the power of Mr. Lerner’s original vision more than 60 years ago.
Tysons Corner - 1950's