Chelmsford, MA – Kronos Inc. recently hosted a ceremonial golden sledgehammer groundbreaking event to commemorate construction of its new $40 million global headquarters facility at Cross Point in Lowell, that the company is set to occupy by the summer of 2017.
Kronos executives and Cross Point owners, Anchor Line Partners and Farallon Capitol Management, were joined by state and local officials at the groundbreaking ceremony and attended a reception at the newly opened Tavern in the Square at Cross Point.
The new headquarters is being built to accommodate the company’s consistent and exceptional growth as the $1.1 billion global leader of workforce management solutions in the cloud. Kronos entered into a 12-year lease to relocate its global headquarters to Cross Point, making it one of the largest office lease relocation transactions in Greater Boston in the past decade.
J. Calnan & Associates is the general contractor.
Kronos and Anchor Line Partners, which purchased Cross Point in 2014, plan to invest more than $40 million to design and build out a completely modernized, high-tech facility across more than 435,000sf of office space. By the summer of 2017, Kronos plans to move nearly 1,300 headquarters-based employees into the Kronos Tower at Cross Point.