Industries Commercial Real Estate

Schafer Corp. renews lease for headquarters in Arlington

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Schafer Corp., a technology company that serves government and private-sector clients, has renewed a lease for its 16,341-square-foot corporate headquarters in Arlington.

After weighing alternatives, the company said in a press release that it opted to keep its headquarters at 3811 N. Fairfax Drive in the Rosslyn-Ballston corridor due to the aggressive terms that came with an early renewal.

The Ezra Cos.  Senior Vice President David Kinney and Associate Vice President Erica King represented Schafer in the multiyear transaction.

“In this new deal, we secured considerable upfront savings for our client, as well as significant reductions in their annual facility costs,” Kinney said in a statement.

Chicago-based LaSalle Investment Management owns the property where Shafer is located.

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