Lowell, MA – Anchor Line Partners, LLC and CrossHarbor Capital Partners, LLC announce that technology and innovation provider IBM has signed a landmark lease on 150,608sf of office space at CrossPoint in Lowell.
IBM will join CrossPoint’s roster beginning in January 2022. Anchor Line Partners has significantly upgraded the property since acquiring CrossPoint in 2014.
CrossPoint is an office park comprised of three towers, located at the intersection of Interstate 495 and Route 3. Anchor Line Partners and its partners have invested more than $15 million into the complex since the acquisition, resulting in flexible work environments, easy access, and an amenity-rich campus. CrossPoint offers a 24-hour fitness center and game room, a Little Sprouts daycare facility, full-service cafe and bistro, public transit access, conference center, and a Tavern in the Square restaurant.
The firm expects to bring its employees back to the office by the end of the year and will occupy four floors at CrossPoint’s Tower 3.
Cushman & Wakefield’s Blake Baldwin, Michael Dalton, and Shayne O’Neil represented the landlord in this transaction. Peter Dominski, director of leasing at Anchor Line Partners, represented ownership interest in the transaction. Brendan Callahan, managing director of Jones Lang LaSalles, alongside Gabrielle Harvey, vice president, and Brian Tisbert, managing director, represented IBM.