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.

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