The building is part of a planned 170-acre office development that will have up to 4.8 million sf of office space. The development--Woodland Park--has had success attracting a number of high-tech tenants even as Northern Virginia has suffered generally by a technology downturn.
Jim Evans, a managing director of Tishman, said in a statement, "Given the size and complexity of the deal, the timeframe for negotiations was critical, and both parties worked diligently to complete the transaction within 60 days."
Waterside I will be complete Oct. 1, and will be able to accommodate up to 1,600 employees. And the building is expandable to 450,000 sf.
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