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HERNDON, VA-Network Solutions, Inc. has signed a seven-year lease for nearly 90,400 sf at the 201,000-sf office structure at 13861 Sunrise Valley Dr. The web-hosting and web-related services company will use the site for its headquarters.

Transwestern Commercial Services’ Matt Bundy facilitated the deal on behalf of property owner Republic Properties Inc.; Larsen Commercial Real Estate Services’ Mark Larsen and Dan Brennan assisted the tenant. Financial details of the transaction have not been disclosed, but Cushman & Wakefield’s Mid-Year 2005 office report provides a reference point, listing the average asking rate for class A office space in Herndon at about $27.10 per sf.

Also known as Presidents Park Building I, the site is one of three buildings that comprise the 600,000-sf Presidents Park office complex in the Dulles Corridor. Network Solutions will leave its present home at One Dulles Tower on Woodland Park Road for the six-year-old property, which was designed by Donnally Vujcic Associates LLC.

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