National Development said Monday it has received approval from the Town of Hudson, MA to transform the 148-acre property at 75 Reed Rd. into a 950,000-square-foot industrial campus. The Newton-based developer acquired the site in November 2023 from Intel Corporation, which leased the property and facilities until May 2025, concluding a quarter-century tenure at the site.
“We’re grateful to the Town of Hudson for its partnership in advancing a shared vision for this site,” said Ed Marsteiner, president and partner at National Development. “With approvals secured, this site represents a rare opportunity to deliver a fully customized industrial campus. Its flexibility, from building configuration to overall site design, allows us to meet the specific operational needs of a wide range of users and create a long-term home for companies looking to grow and innovate.”
With approvals now secured, National Development will begin marketing the site and engaging prospective tenants. Construction is expected to commence upon securing an occupant.