The company will be the largest tenant at the three-tower, 1.2-million-square-foot office complex located at the intersection of Interstate 495 and Route 3.

“This landmark move to CrossPoint is a symbol of our impressive growth, commitment to Massachusetts' innovation economy and dedication to being a great place to work,” states Vince Devlin, chief procurement officer, Kronos. “With nearly four decades of deep roots in The Bay State, we're humbled to remain one of Massachusetts' largest employers and leverage this region's remarkable tech talent as we march into our fifth decade as an organization. Our new CrossPoint headquarters will be a facility befitting of Kronos and our award-winning workplace culture.”

Cushman & Wakefield's John Boyle, Joe Fallon, Michael Dalton and Debbie Howerton led a team that represented Kronos in the transaction. Andrew Maher, managing director of Anchor Line Partners, along with CBRE/New England's Mark Reardon represented ownership in the transaction.

The size of the amended lease at 900 Chelmsford St. in Lowell makes the 12-year deal among the largest transactions in the Greater Boston area in the past decade.

Kronos will relocate its corporate headquarters from 297 Billerica Road in Chelmsford. The company announced in late February that it was relocating to nearly 400,000 square feet at CrossPoint in Tower 1. Kronos, founded in Brighton in 1977, has been headquartered in Chelmsford (297 Billerica Road) since 2000, with more than 1,200 employees and now occupies nearly 322,000 square feet of office space across three buildings on its corporate campus along Route 129/Billerica Road.

In its announcement back in February, the company stated that it intends to hire more than 1,000 employees in 2016. The company hired more than 200 employees at its Chelmsford headquarters last year.

Kronos will occupy the entire 13-story first tower—now called the Kronos Tower—and additional floors in the second tower totaling approximately 435,000 square feet. Kronos and CrossPoint's ownership plan to invest more than $40 million toward the design and build-out of the space. The build-out of the Kronos space will begin this June. Anchor Line Partners and Farallon Capital Management acquired CrossPoint in June of 2014 for a reported purchase price of $100 million.

The company will be the largest tenant at the three-tower, 1.2-million-square-foot office complex located at the intersection of Interstate 495 and Route 3.

“This landmark move to CrossPoint is a symbol of our impressive growth, commitment to Massachusetts' innovation economy and dedication to being a great place to work,” states Vince Devlin, chief procurement officer, Kronos. “With nearly four decades of deep roots in The Bay State, we're humbled to remain one of Massachusetts' largest employers and leverage this region's remarkable tech talent as we march into our fifth decade as an organization. Our new CrossPoint headquarters will be a facility befitting of Kronos and our award-winning workplace culture.”

Cushman & Wakefield's John Boyle, Joe Fallon, Michael Dalton and Debbie Howerton led a team that represented Kronos in the transaction. Andrew Maher, managing director of Anchor Line Partners, along with CBRE/New England's Mark Reardon represented ownership in the transaction.