LOWELL, MA—Nearly six months after their purchase of the 1.2-million-square-foot property, Cross Point ownership reports that audio solutions manufacturer Jabra is relocating its North American headquarters to the former Wang office property here.
Jabra signed a lease for 32,000 square feet of space and will be relocating more than 90 employees from Nashua, NH to the Cross Point campus at 900 Chelmsford St. by April 2015. Anchor Line Partners and Farallon Capital Management, L.L.C. acquired Cross Point back in June for a reported purchase price of approximately $100 million and began significant renovations in August. Once complete, the Cross Point campus will feature such on-site amenities such as new meeting spaces, a new fitness center with yoga studio and an open recreational space for activities including a renovated cafeteria, planned full-service restaurant, bike storage and a brand new on-site day care.
“As a global, leading technology manufacturer, we expect our facilities to add significant value to our brand, our business and the work environment for our employees. With high expectations, we look forward to our relocation and becoming a more active part of the greater Boston tech community,” says Pete Fox, president and general manager for Jabra North America.
“Cross Point is well-positioned to house tech companies like Jabra and provide tenants with amenities that support productivity and work-life balance,” says Andrew Maher, founder and managing director of Anchor Line Partners. “We look forward to working with Jabra to create a custom space that is designed to meet their high expectations while retaining and attracting future employees.”
Anchor Line and Jabra were represented by Matt Daniels, managing director at JLL. Other tenants at Cross Point include Verizon, Arris, Little Sprouts Daycare and Vantiy. CP Associates LLC is the landlord for the property and DBA-W Architects will be designing Jabra’s new space.