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ARLINGTON, VA-System Planning Corp., a government contractor, is expanding its lease in an office here, to 75,814 sf in total. The firm already occupies 54,586 sf at 3601 Wilson Blvd. When one of the three tenants moved out, it decided to add 21,228 sf to its lease.

James Hunter of Cassidy & Pinkard Colliers represented System Planning in the transaction. Malcolm Schweiker of CB Richard Ellis represented Teachers Insurance and Annuity Association of America–the owner of the 116,000-sf, six-story seven-year-old building.

The new lease also allows the company to expand even further should another tenant leave. The firm might well opt for that scenario should the space become available, Hunter tells GlobeSt.com. “There is a very strong rental market in Arlington at the moment and space here is especially in demand among government contractors because this is the closest in submarket to the District.”

Hunter declined to provide terms of the lease other than to say that the rate System Planning will pay falls within market norms for the submarket. Right now, a newer building can fetch between $36 per sf and $39 per sf, full service.

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