Kronos HQ in MA Trades for $12M

The property is situated along the busy Route 129 corridor and will serve as an administrative building for the buyer, Digital Federal Credit Union.

297 Billerica Road, Chelmsford, Mass.
297 Billerica Road, Chelmsford, Mass.

Following its continued expansion, Digital Federal Credit Union (DCU) has purchased the former Kronos Inc. headquarters in Chelmsford, Mass. According to public records, the firm acquired the asset for $12.4 million and will use it as an additional administrative building. Kronos disposed of the facility as part of its relocation to Cross Point in Lowell, Mass.

Located at 297 Billerica Road, the 129,000-square-foot, three-story building features a state-of-the-art data center, outdoor grilling and seating, training rooms, in-house café and locker rooms with showers. According to Yardi Matrix, it was built in 1999 and includes 484 parking spaces.

The property is situated along the Route 129 business corridor, where several life sciences, defense and homeland security, communications and software industry companies are located.

CBRE/New England’s Mark Reardon, Peter Dominski, Alex Plaisted and Ben Roopenian acted on behalf of Kronos through Anchor Line Partners. R.W. Holmes Realty President Garry Holmes represented DCU in the transaction.

Image courtesy of Yardi Matrix