DCU expands into Chelmsford
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Digital Federal Credit Union is expanding to this Chelmsford facility.
Due to rapid employee growth at its offices in Marlborough and around the state, Digital Federal Credit Union has purchased property in Chelmsford.
The space, the former headquarters of software firm Kronos at 297 Billerica Road, will be used as an additional administrative building, DCU said Tuesday.
The company said in a press release that its employee base at its two Marlborough offices, including the company’s headquarters, a call center in Lowell and Fintech Innovation Center in Boston is rapidly expanding.
Renovations on the three-story, 129,000-square-foot building in Chelmsford are planned to start this month and should be complete in time for DCU to begin operating at the space in 2018.
The company did not immediately disclose the purchase price, but the property is appraised for just over $14 million, according to Chelmsford’s assessing department.
The company cited the location’s proximity to major highways and state roads and other large businesses.
In addition to the company’s other facilities, the company now controls 346,000 square feet of office space.
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