Massachusetts

CHELMSFORD, MASS. — Digital Federal Credit Union has purchased an office building located at 297 Billerica Road in Chelmsford for an undisclosed price. The three-story, 129,000-square-foot building features a state-of-the-art data center, outdoor grilling and seating area, training rooms, in-house café, and shower and locker rooms. The buyer plans to use the facility to accommodate its continued expansion. The property was built and formerly occupied by Kronos Inc., which recently relocated its global headquarters for Lowell, Mass. Mark Reardon, Peter Dominski, Alex Plaisted and Ben Roopenian of CBRE/New England represented the seller, Anchor Line Partners, on behalf of Kronos. Garry Holmes of R.W. Holmes Realty represented the buyer in the deal.

BOSTON — Needham, Mass.-based PTC has signed an 18.5-year lease for 250,000 square feet of office space at 121 Seaport Blvd. in Boston’s Seaport District. PTC will occupy the top nine floors of the 17-story, 400,000-square-foot office building when it is completed in the first quarter of 2018. Developed by Skanska Development and designed by Boston-based CBT Architects, the property will feature large floor plates, two floors of retail and views of the Boston Harbor and downtown Boston. PTC is a global provider of technology that transforms how companies design, manufacture, operate and service the “things” in the Internet of Things. Jack Burns, Adam Subber and Dan Sullivan of Cresa Boston negotiated the lease for PTC, while Bill Anderson and Dave Martel of Newmark Knight Frank represented the developer in the lease transaction.

MARLBOROUGH, MASS. — R.W. Holmes Realty has arranged the sale of Mount Royal Office Park, located at the interchange of Route 20 and Interstate 495 in Marlborough. Mount Royal Associates II, an entity of Haynes Management, sold the three-building property to CB Equities Mt Royal for $8.5 million. The buyer plans to rename the property to Knowledge Park @ Marlborough and renovate the 160,000-square-foot property with a new exterior front façade, new signage, an updated fitness center with showers and a common area with a club room. Additionally, the buyer will occupy a portion of the building and plans to lease out suites ranging from 1,600 square feet to 20,000 square feet. Craig Johnson, Garry Holmes and Jim Bartholomew of R.W. Holmes represented the seller and procured the buyer in the transaction.