Kronos Inc. Leases 210,000 SF in Chelmsford

CHELMSFORD, MA-In one of the largest deals of 2004, Kronos Inc., has leased approximately 210,000 sf of office space here. Citing strong business growth, Kronos committed to leasing three office buildings located on the same campus.

“Kronos looked at a number of 250,000- to 300,000-sf opportunities within the marketplace, but felt that the campus feel that has developed for them in Chelmsford was not only attractive and functional, but affordable as well,” says John Boyle, principal of Trammell Crow.

The engineering firm will be expanding into, and leasing in its entirety, Four Omni Way, which is an 82,000-sf building owned by Koll Bren Scheiber. In addition, Kronos will expand into the entire 17,000-sf third floor of 285 Billerica Rd., which is owned by Ray Kerry and Associates. The transaction is a sublease through Integral Access. Kronos is also renewing its lease on a long-term basis, at 300 Billerica Rd.–its current location–which was set to expire in September 2005. Owned by New Boston Fund, 300 Billerica Rd. is an 110,000-sf building.