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03/20/2007 2:57 PM ET
Lerner Enterprises and the Washington Nationals Grand Slam reception in honor of new Lerner Building 20 M Street Southeast
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Lerner Enterprises and the Washington Nationals will host a Grand Slam party in honor of the grand opening of Lerner Enterprises' new building in the newly named Capitol Riverfront Business Improvement District on Wednesday, March 21st from 5:30 until 8:00 p.m.

The new 190,000 s.f. class 'A' office building, centrally located between the new Nationals Ballpark and the Nation's Capitol, will be the first building seen by residents, tourists, fans and DC employees as they enter the Southeast submarket along M Street from South Capitol Street. In addition to breathtaking views of the Washington Monument and the U.S. Capitol, the building will also overlook the new Washington Nationals ballpark which is scheduled to open April, 2008.

"We are excited to be playing such a central role to the transformation of this area," said Mark D. Lerner, a Principal of both the Nationals and Lerner Enterprises. "The neighborhood around the new ballpark is fast becoming one of the most dynamic places in D.C. to work, play, and live."

During the event, guests will also enjoy a "sneak peek" at the new ballpark from Nationals President Stan Kasten. The team will also hold a drawing in which one lucky winner will receive a "Grand Slam" package, which includes four game tickets plus VIP parking, the opportunity to toss out the first pitch at a Nationals game and a chance to take on-field batting practice. District of Columbia Mayor Adrian Fenty, Ward 6 Councilmember Tommy Wells and Councilmember Jack Evans are expected to attend, among other dignitaries.

"We pledge that everything we undertake for the nation's capital, whether on the playing field or in the business world, will be driven by our passion for leading-edge performance," said Theodore N. Lerner, Managing Principal Owner of the Nationals and Founder of Lerner Enterprises.

The building is the first to be designed and developed by Lerner under its Green Initiative Program. Lerner Enterprises will submit for a LEED® Gold rating, a building certification system administered by the U.S. Green Building Council. If approved, the building will be the first LEED® Gold speculative office building in the District.

In addition to being environmentally friendly, it focuses special attention on energy and resource conservation, while preserving a healthy environment for both tenants and visitors. The building's environmental benefits include roofing designed to reduce heat island effects, plumbing designed to reduce water consumption, reclaiming water for the building's landscape, reducing energy consumption through high efficiency HVAC systems, maximizing use of recycled materials, incorporating humidification controls to ensure optimum tenant comfort and encouraging the use of public transportation because of its close proximity to the Navy Yard Metro.

Office leasing is provided by Brian R. Raher and Brian T. McVay of Cushman & Wakefield and retail leasing is provided by Lerner Corporation.

For additional information please visit www.20MStreetSE.com.

About Lerner Enterprises
Lerner Enterprises of North Bethesda, MD, founded by Theodore N. Lerner in 1952, is Washington, DC's largest private real estate developer and is involved in all phases of office, retail and residential real estate including planning, development, construction, leasing, asset management and property management. Lerner's office portfolio has several well-known developments including: The Corporate Office Centre at Tysons II, McLean, VA; The Corporate Office Park at Dulles Town Center, Dulles, VA; Washington Square at 1050 Connecticut Avenue, 1133 Connecticut Avenue, NW and 20 M Street, SE in Washington, DC; Flint Hill Office Park, Fairfax, VA; White Flint North, North Bethesda, MD; 7799 Leesburg Pike, Tysons Corner, VA; Sterling Park Technology Center, Sterling, VA and 400 Army Navy Drive, Arlington, VA, among others. The Lerner Family is the majority owner of the Washington Nationals Baseball Club (www.Nationals.com). For more information on all of Lerner's current and planned projects, please visit www.LernerEnterprises.com.

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