With their lease set to expire, CSR, Incorporated, is relocating its office from the Clarendon/Courthouse submarket of Arlington, Virginia to Ballston. The company has signed a lease agreement for 18,479 square feet at 4250 North Fairfax Drive and is expected to move later this year. Studley, the leading global commercial real estate firm specializing in tenant representation, advised the company in the transaction.
“This process afforded us an opportunity to explore all areas of our organization and map out our short and long term goals. We are thrilled with the work environment and efficiency that 4250 N. Fairfax Drive offers and look forward to making it our home for many years to come,” said John Foster-Bey, President and CEO of CSR, Incorporated.
After taking a close look at CSR’s operations, Studley recognized opportunities to reduce overall square footage while still preserving flexibility to accommodate future growth. Executive Vice President and Co-Regional Manager Gary Stein along with Managing Director Jon Glass, led the transaction for Studley on CSR’s behalf.
“We spent quite a bit of time analyzing CSR’s operations, looking at how employees work together, how workspaces impacted productivity, departmental adjacencies, and where the organization envisions itself in the near and distant future. That exercise led us to the space in Ballston, which best suits CSR’s financial and operational goals,” said Gary Stein.
The building is owned and managed by Piedmont Office Realty Trust and was represented in the transaction by Jones Lang LaSalle.