Washington, D.C., Sept. 10, 2001 - Jones Lang LaSalle today
announced that it represented VeriSign, Inc. in a transaction to lease
Waterview I, a 405,000-square-foot office building located at Woodland
Park development near the Dulles Toll Road in Herndon, Virginia. The
property, owned, developed and managed by Tishman Speyer Properties,
will accommodate up to 1,600 employees and provide for expansion options
of up to 450,000 square feet on two adjacent sites. VeriSign currently
leases space at eight additional locations in Northern Virginia and
eventually plans to consolidate its Virginia occupancies at Waterview.
The company is based in California with headquarters at 487 East Middlefield
Road in Mountain View, California, 94043.
"After conducting a real estate master plan
and subsequent site selection process, we chose Waterview because we
believe it will provide a high quality, cost effective work environment
for our employees," said Henry White, corporate real estate director
for VeriSign.
Woodland Park is a carefully planned and preserved
wooded tract of approximately 170 acres. The development will ultimately
encompass nearly 4.8 million square feet of high-quality office space
located in the Dulles Corridor. It also includes a 150-room Embassy
Suites Hotel, 400 multi-family apartments and a child learning facility.
"We are thrilled to include VeriSign as one
of the many world class corporate occupants of Woodland Park,"
said Jim Evans, managing director of Tishman Speyer Properties.
VeriSign, Inc. (NASDAQ: VRSN) is the leading provider
of trusted infrastructure services to Web sites, enterprises, electronic
commerce service providers and individuals. The company's Domain Name,
digital certificate and payment services provide the critical Web identify,
authentication and transaction infrastructure that online businesses
require to conduct secure e-commerce and communications. VeriSign's
services are available through its website (www.verisign.com)
or through its direct sales force and reseller partners around the world.
Tishman Speyer Properties is one of the leading
real estate organizations worldwide and has developed or acquired national
and international properties valued in excess of $10 billion. Tishman
Speyer Properties' current portfolio consists of over 48 million square
feet and includes such noted properties as Rockefeller Center and The
Chrysler Building in New York City, Sony Center in Berlin, and MesseTurm
in Frankfurt. Jones Lang LaSalle Announces VeriSign Will Lease a 405,000-Square-Foot
Building at Woodland Park in Herndon, Virginia - Add one
Jones Lang LaSalle (NYSE: JLL) is the world's leading
real estate services and investment management firm, operating across
more than 100 markets on five continents. The company provides comprehensive
integrated expertise, including management services, transaction services
and investment management services on a local, regional and global level
to owners, occupiers and investors. Jones Lang LaSalle is the industry
leader in property and corporate facility management services, with
a portfolio of approximately 700 million square feet under management
worldwide. For more information, visit www.joneslanglasalle.com.
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Jones Lang LaSalle Contact:
Maureen Mullady, 312-228-2387
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