Lerner Enterprises is a company owned by the Lerner family that develops and invests in real estate in the Washington metropolitan area . The company has developed more than 20 million square feet of real estate.
20-655: The company was founded in 1952 by lawyer Ted Lerner , after he borrowed $ 250 from his wife. In 1958, the company developed its first shopping center, Wheaton Plaza (now Westfield Wheaton ) in partnership with the Gudelsky family. Shortly thereafter, it bought 2 parcels of land in Tysons, Virginia . In 1968, the company completed development of Tysons Corner Center . In 1972, the company completed development of Landover Mall in Prince George's County, Maryland , but
40-997: Is also a partner in Monumental Sports & Entertainment , which owns the Washington Capitals of the National Hockey League , the Washington Mystics of the Women's National Basketball Association , the Washington Wizards of the National Basketball Association , and Capital One Arena . The Annette M. and Theodore N. Lerner Family Foundation provides support to many organizations, including: Food & Friends; The Hebrew University of Jerusalem ; Shady Grove Adventist Hospital; Hadley's Park;
60-668: Is chair of The Annette M. and Theodore N. Lerner Family Foundation and chair of the Washington Nationals Philanthropies and the Washington Nationals Youth Baseball Academy. The family are the sole owners and heirs of Lerner Enterprises. Lerner died from pneumonia at his home in Chevy Chase, Maryland , on February 12, 2023, at age 97. Lerner Enterprises Lerner Enterprises is a company owned by
80-561: Is the majority owner of the franchise, controlling over 90% of the shares. Lerner retired as managing principal owner in 2018, ceding the role to his son, Mark Lerner . Under Lerner's ownership, the Nationals won four National League East division championships and appeared in the postseason five times. Lerner won a World Series ring when the Nationals defeated the Houston Astros in the 2019 World Series . The Lerner family
100-697: The George Washington University Law School in 1949. While in law school, he sold homes on the weekends, which piqued his interest in real estate. In 1952, Lerner borrowed $ 250 from his wife and founded the real estate company Lerner Enterprises in Rockville, Maryland . Among the Lerner Enterprises ventures is a partnership in Chelsea Piers , a 30-acre (12 ha) sports and entertainment complex on
120-711: The Hudson River in New York City; the Tysons II commercial development; shopping centers including White Flint and Dulles Town Center ; and thousands of homes and apartments, along with numerous office buildings. Lerner also played a role in developing other shopping centers in the Washington area, including Tysons Corner Center and Wheaton Plaza . The headquarters of Lerner Enterprises in Rockville
140-880: The Weizmann Institute of Science ; the Scleroderma Foundation of Greater Washington; YouthAids; Junior Achievement of the Greater Washington Area; the Charles E. Smith Jewish Day School ; and the Jewish Community Center of Greater Washington, among many others. Ted and his wife Annette are founding members of the United States Holocaust Memorial Museum in Washington, D.C. The American Academy of Achievement awarded Ted Lerner
160-713: The Golden Plate Award of Excellence in 1990. The campus of the Charles E. Smith Jewish Day School in Rockville is named in his and his wife's honor after a multimillion-dollar donation to the school. The lunch room in the Melvin J. Berman Hebrew Academy was donated by the Lerner Family. The family has also donated the Lerner Family Health and Wellness Center and Theodore Lerner Hall at George Washington University in Washington, D.C. along with
180-721: The Lerner Center at Hebrew University in Israel. The family donated the theater at Imagination Stage in Bethesda, Maryland . Notable achievements include: On June 17, 1951, he married Annette M. Lerner. They had three children: Mark D. Lerner (married to Judy Lenkin Lerner), Debra Lerner Cohen (married to Edward L. Cohen) and Marla Lerner Tanenbaum (married to Robert K. Tanenbaum). Ted Lerner had nine grandchildren and 11 great-grandchildren. His daughter, Marla Lerner Tanenbaum,
200-606: The Lerner family that develops and invests in real estate in the Washington metropolitan area . The company has developed more than 20 million square feet of real estate. The company was founded in 1952 by lawyer Ted Lerner , after he borrowed $ 250 from his wife. In 1958, the company developed its first shopping center, Wheaton Plaza (now Westfield Wheaton ) in partnership with the Gudelsky family. Shortly thereafter, it bought 2 parcels of land in Tysons, Virginia . In 1968,
220-456: The company began constructing a 2-tower combination Hilton Garden Inn and Homewood Suites by Hilton hotel in Rockville . In 2013, the company broke ground on a 433-unit apartment complex across the street from its Dulles Town Center project and in 2014, the company broke ground on additional developments at Dulles Town Center. In 2015, the company was subject to a lawsuit after it demolished portions of its White Flint Mall to redevelop
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#1732791479010240-569: The company began development of a 300,000 square foot shopping centre in Virginia and in 2008, the partners completed 2000 Tower Oaks Blvd, a LEED platinum building in Tower Oaks , which became both companies' headquarters. In 2007, the company completed construction of 20 M Street SE and in 2009, the Bureau of Land Management leased 94,435 square feet of space in the building. In 2008,
260-523: The company broke ground on a 433-unit apartment complex across the street from its Dulles Town Center project and in 2014, the company broke ground on additional developments at Dulles Town Center. In 2015, the company was subject to a lawsuit after it demolished portions of its White Flint Mall to redevelop the site, in violation of a lease with Lord & Taylor . In February 2016, the company sold 2 office buildings in Fairfax, Virginia . In 2016,
280-577: The company completed development of Tysons Corner Center . In 1972, the company completed development of Landover Mall in Prince George's County, Maryland , but the mall was closed and demolished in 2002. The company solicited the site as a location for a new headquarters of the Federal Bureau of Investigation . In 2003, a joint venture between the company and Guggenheim Partners acquired 1275 K Street NW in Washington, D.C. from JBG Smith . In 2004, in partnership with Tower Companies,
300-500: The company completed development of 1775 Tysons in Tysons, Virginia . In 2018, the company announced that it was looking to sell the site of the former Landover Mall . On February 12, 2023, Ted Lerner died at age 97. Ted Lerner Theodore Nathan Lerner (October 15, 1925 – February 12, 2023) was an American real estate developer and managing principal owner of the Washington Nationals baseball team. He
320-508: The eldest of three children born to Mayer, a 1921 emigrant from British Mandatory Palestine (modern day Israel ), and Ethel, who immigrated from Lithuania . He attended Raymond Elementary School, MacFarland Junior High, and graduated from Roosevelt High School in 1944. Lerner served with the U.S. Army as a typist during the latter part of World War II . Using the G.I. Bill , he attended George Washington University , where he received first an Associate of Arts and then an L.L.B. from
340-440: The mall was closed and demolished in 2002. The company solicited the site as a location for a new headquarters of the Federal Bureau of Investigation . In 2003, a joint venture between the company and Guggenheim Partners acquired 1275 K Street NW in Washington, D.C. from JBG Smith . In 2004, in partnership with Tower Companies, the company began development of a 300,000 square foot shopping centre in Virginia and in 2008,
360-441: The partners completed 2000 Tower Oaks Blvd, a LEED platinum building in Tower Oaks , which became both companies' headquarters. In 2007, the company completed construction of 20 M Street SE and in 2009, the Bureau of Land Management leased 94,435 square feet of space in the building. In 2008, the company began constructing a 2-tower combination Hilton Garden Inn and Homewood Suites by Hilton hotel in Rockville . In 2013,
380-573: Was the first Leadership in Energy and Environmental Design (LEED) platinum certified multi-tenant commercial building in the D.C. area and has been the recipient of multiple design and environmental awards. The Washington Nationals franchise (then known as the Montreal Expos ) was formerly owned and operated by Major League Baseball from February 15, 2002, until the official transfer of ownership to Lerner on July 24, 2006. The Lerner family
400-525: Was the founder of the real estate company Lerner Enterprises , the largest private landowner in the Washington metropolitan area , which owns commercial, retail, residential, and hotel properties, as well as Chelsea Piers in New York City. In 2015, Forbes magazine named him the richest person in Maryland . Lerner was raised in an Orthodox Jewish family in Northwest Washington D.C.,
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