LOWELL, MA—Nearly six months after their purchase of the1.2-million-square-foot property, Cross Point ownership reportsthat audio solutions manufacturer Jabra isrelocating its North American headquarters to the former Wangoffice property here.

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Jabra signed a lease for 32,000 square feet of space and will berelocating more than 90 employees from Nashua, NH to theCross Point campus at 900 Chelmsford St. by April2015. Anchor Line Partners and FarallonCapital Management, L.L.C. acquired Cross Point back inJune for a reported purchase price of approximately $100 millionand began significant renovations in August. Once complete, theCross Point campus will feature such on-site amenities such as newmeeting spaces, a new fitness center with yoga studio and an openrecreational space for activities including a renovated cafeteria,planned full-service restaurant, bike storage and a brand newon-site day care.

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“As a global, leading technology manufacturer, we expect ourfacilities to add significant value to our brand, our business andthe work environment for our employees. With high expectations, welook forward to our relocation and becoming a more active part ofthe greater Boston tech community," says Pete Fox,president and general manager for Jabra North America.

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“Cross Point is well-positioned to house tech companies likeJabra and provide tenants with amenities that support productivityand work-life balance,” says Andrew Maher, founderand managing director of Anchor Line Partners. “We look forward toworking with Jabra to create a custom space that is designed tomeet their high expectations while retaining and attracting futureemployees.”

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Anchor Line and Jabra were represented by MattDaniels, managing director at JLL. Othertenants at Cross Point include Verizon, Arris, Little SproutsDaycare and Vantiy. CP Associates LLC is the landlord for theproperty and DBA-W Architects will be designing Jabra's newspace.

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John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.