CSR to relocate to Ballston
- February 24, 2014
CSR Inc. is relocating its office from the Clarendon/Courthouse submarket of Arlington to Ballston. The company, which provides professional and technical consulting services and research to government, private, and nonprofit organizations, has signed a lease for 18,479 square feet at 4250 North Fairfax Drive. It plans to move later this year, according to Studley, which advised the company in the transaction.
With its current lease expiring, “This process afforded us an opportunity to explore all areas of our organization and map out our short-and long term goals,” John Foster-Bey, president and CEO of CSR, said in a statement.
After taking a look at CSR’s operations, Studley said in a press release that it recognized opportunities to reduce overall square footage while still preserving flexibility for 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 Stein.
The building is owned and managed by Piedmont Office Realty Trust and was represented in the transaction by Jones Lang LaSalle.