Please do not leave this page until complete. This can take a few moments.
After a proposed development of the property was stopped following a lawsuit by its neighbors, multinational tech company Intel has sold the former site of its Hudson manufacturing facility for $12 million to a company specializing in real estate redevelopment.
The property, located at 75 Reed St., was purchased by Hudson Reed Owner LLC, a Newton-based corporation, according to Middlesex South District Registry of Deeds. The sale closed on Monday.
Hudson Reed Owner is managed by National Development, a real estate investment and management company also based in Newton, according to corporate filings with the Massachusetts Secretary of the Commonwealth.
Intel had told Town of Hudson officials in 2015 it was not planning on selling the property for redevelopment, but in 2022, the company sought to have the property redeveloped into a distribution warehouse. These plans were later dropped after neighboring businesses filed a lawsuit seeking to block the development.
The Reed Street property was formerly home of an Intel chip manufacturing facility the California-based company closed in 2013. Intel continues to operate in other nearby buildings. The Hudson campus currently employs about 800 Intel employees, according to the company’s website.
An email to National Development from WBJ regarding the future of the property was not immediately returned.
CORRECTION: An earlier version of this story incorrectly cited the Worcester Registry of Deeds. The filing was actually made at the Middlesex South Registry of Deeds.
Stay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Sign upWorcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
SubscribeWorcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
See Digital EditionStay connected! Every business day, WBJ Daily Report will be delivered to your inbox by noon. It provides a daily update of the area’s most important business news.
Worcester Business Journal provides the top coverage of news, trends, data, politics and personalities of the Central Mass business community. Get the news and information you need from the award-winning writers at WBJ. Don’t miss out - subscribe today.
Worcester Business Journal presents a special commemorative edition celebrating the 300th anniversary of the city of Worcester. This landmark publication covers the city and region’s rich history of growth and innovation.
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
In order to use this feature, we need some information from you. You can also login or register for a free account.
By clicking submit you are agreeing to our cookie usage and Privacy Policy
Already have an account? Login
Already have an account? Login
Want to create an account? Register
This website uses cookies to ensure you get the best experience on our website. Our privacy policy
To ensure the best experience on our website, articles cannot be read without allowing cookies. Please allow cookies to continue reading. Our privacy policy
0 Comments