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HERNDON, VA-Global One has signed a lease for 55,558 sf at South Pointe II, a 159,000-sf building, developed by Tishman Speyer Properties in the Woodland Park office development here. Global One, which recently merged with Equant, and will assume that name, is an Internet and data services provider. The brokerage firm of Spaulding & Slye Colliers represented the tenant in the lease transaction, and Tishman Speyer represented itself.

The lease is the second announced in several days for the Woodland Park development. Late last week, the developer said VeriSign would take a whole building in Woodland Park. VeriSign agreed to lease 13-story, 405,000-sf Waterview I. Owned by the Tishman Speyer/Travelers Groups real estate venture; Woodland Park plans to build out as much as 4.8 million sf of office space, a 150-room Embassy Suites Hotel and 400 apartment units. Tishman Speyer said in a statement that it has already developed 1.4 million sf of space at Woodland Park.

Tishman Speyer is not only busy in Northern Virginia, but also has a speculative development in downtown Washington. Tishman Speyer plans to break ground this November on One Metro Center, a 415,000-sf building to be located on G Street NW, between 12th and 13th Streets. Delivery of the building is planned for the second quarter of 2003. Spec is not a word being used often now, but the District remains probably the strongest market in a downtown with stable government, association and professional services firms as the biggest tenants.

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