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CHELMSFORD, MA-In one of the largest deals of 2004, Kronos Inc., has leased approximately 210,000 sf of office space here. Citing strong business growth, Kronos committed to leasing three office buildings located on the same campus.

“Kronos looked at a number of 250,000- to 300,000-sf opportunities within the marketplace, but felt that the campus feel that has developed for them in Chelmsford was not only attractive and functional, but affordable as well,” says John Boyle, principal of Trammell Crow.

The engineering firm will be expanding into, and leasing in its entirety, Four Omni Way, which is an 82,000-sf building owned by Koll Bren Scheiber. In addition, Kronos will expand into the entire 17,000-sf third floor of 285 Billerica Rd., which is owned by Ray Kerry and Associates. The transaction is a sublease through Integral Access. Kronos is also renewing its lease on a long-term basis, at 300 Billerica Rd.–its current location–which was set to expire in September 2005. Owned by New Boston Fund, 300 Billerica Rd. is an 110,000-sf building.

The three-building campus transaction, coupled with the company’s two other existing buildings here, brings their commitment to the area to five buildings totaling 425,000 sf of space, with more than 1,500 employees. This makes Kronos one of the largest employers in suburban Boston.

Boyle represented Kronos, along with Mike Dalton, senior vice president, Cathy Hughes, vice president, Deanne Conte, vice president, and Jen Elia, vice president, all of Trammell Crow, on the simultaneous multi-building campus assignment. Janet Greenough, director of corporate real estate for Kronos, spearheaded the negotiations internally for Kronos.

For the landlords, Koll Bren Scheiber’s leasing was represented by John Wilson, partner for Richards Barry Joyce and Partners. The 110,000-sf renewal at 300 Billerica Rd. was represented by New Boston Fund’s senior vice president, John Gilman, along with Paul Stuart, senior property manager. In the subleasing of 285 Billerica Rd., the sublandlord, Integral Access, was represented by Torin Taylor of Cushman and Wakefield.

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