Largest Private Employer in Chelmsford, Mass. Renews 81,760-Square-Foot Lease at 4 Omni Way
Cassidy Turley FHO, a leader in the commercial real estate services field with extensive experience in the greater Boston office market, today announced an 81,760-square-foot full-building lease renewal for Kronos Incorporated. The global leader in workforce management solutions extended its lease at 4 Omni Way in Chelmsford for an additional five years. Kronos’ total square footage of their campus is now 322,000-square-feet.
“Kronos is committed to doing business in Massachusetts, and we are pleased to maintain our presence at 4 Omni Way in Chelmsford,” said Jonathan Proffitt, senior director of global real estate and facilities at Kronos. “Greater Boston is a global hub for innovation, and this location has suited Kronos well and supported our growth for the past ten years.”
Completed in 1985 and renovated in 2004, 4 Omni Way is a two-story Office/R&D facility located on nearly eight acres of land northwest of Boston.
Founded in 1977, Kronos is a global company that provides workforce management solutions to more than 20,000 organizations around the world. Kronos also occupies an 110,000-square-foot building at 300 Billerica Road in Chelmsford and recently invested in an approximately $7 million renovation on the property to create a new technology center of excellence. Kronos also owns 297 Billerica Road in Chelmsford. With more than 1,000 employees on Billerica Road and Omni Way, the company is the largest private employer in the town.
Senior Managing Director, Principals John Boyle and Michael Dalton of Cassidy Turley FHO represented Kronos in the transaction while Bill Rand and Peter Evans of Direct Invest, LLC represented their interests internally.
“We are happy to see Kronos continue to grow its investment in Chelmsford,” said Boyle. “Kronos helps organizations control labor costs, minimize compliance risk, and improve workforce productivity. We hope our role in facilitating this lease agreement will continue to position the company for success for many years to come.”