Littleton, MA Lupoli Companies has completed one of the largest commercial lease deals in the region at their 550 King St. mixed-use redevelopment project.
HIPER Global, a world-class computer hardware manufacturer, designs and delivers tailored solutions for leading tech and defense companies on a global scale. The company is committing to 72,500 s/f of space at 550 King St. for its new U.S. headquarters. HIPER Global completed a much larger facility for its Atlanta area location and is now focused on growing its Massachusetts location with additional capabilities, including an integrated data center for its key customers. The new location also allows HIPER Global to expand capabilities as needed for its continued growth.
The company’s decision to move underscores the appeal of King Street Crossing as a premier location for enterprises and helps bring a spotlight to the 50-acre, master-plan approved redevelopment vision of the Lupoli Companies. The property is located near the MBTA commuter rail to Boston and within easy reach via I-495 of New Hampshire, Worcester, and Boston. Once complete, King Street Crossing will include over 1,000 units of new housing, 115,000 s/f of retail, a 150 key flagship hotel and more than 600,000 s/f lab/office/innovation space.
“We are thrilled to welcome HIPER Global as our tenant in Littleton,” said Sal Lupoli, CEO and president, Lupoli Companies. “This marks a pivotal moment in our commitment to revitalizing urban and suburban landscapes and creating vibrant, inclusive communities across Massachusetts and beyond.”
Jim Reinhold, CEO of HIPER Global US said, “We are excited to join King Street Crossing, which aligns perfectly with our vision for growth and innovation. Sal Lupoli and Lupoli companies are amazing partners. They share our vision for success and support of our employees, customers, partners, and the local community. This development represents more than just office space; it embodies a forward-thinking environment where technology and community converge.”
Lupoli Companies received master plan approval for the 50-acre mixed-use development project at 550 King St. and plans to develop 2.3 million s/f to include 1,089 residential units, 90,000 s/f of R&D/lab space, a 150-room flagship hotel and 115,000 s/f of retail/restaurant space. Along with HIPER Global, Lupoli has several other potential tenants in lease discussions for the existing buildings.
King Street Crossing will also provide open space for events and community gatherings.
The project plans include a new Town Hall for the city.