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SAN JOSE, CA-Brocade Communication Systems Inc. is rounding out the first phase of Spieker’s $155-million Skyport Plaza development near the entrance to San Jose International Airport. The Computer-networking powerhouse, expanding from another Spieker development in town, has signed a 12-year lease for all 195,000 sf of what will be Spieker’s third eight-story office building at Skyport. Spieker preleased the first two buildings to Siemens earlier this year.

The completion of Brocade’s building’s in late 2001 will conclude the first phase of a massive mixed-use project that includes 1.1 million sf of office space, more than 300 residential units, retail space and a one-acre park. Approximately 25% of Spieker’s estimated 40-million-sf portfolio is located in Silicon Valley. And more is going up close by. Up the Peninsula in Redwood Shores, Spieker is under construction on the Towers at Shores Center, a two-building, 340,000-sf office development. The $113-million project is scheduled for completion in the fall of 2001. The New York-based law firm, Weil, Gotshal & Manges, has leased 101,000 square feet for a 15-year term.

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