PARSIPPANY — NAI James E. Hanson, a leading New Jersey-based full-service independent commercial real estate firm, announced the sale of a 134,790-square-foot industrial building located at 701-705 Jefferson Road to Hudson News, the world’s largest operator of airport newsstands. NAI Hanson’s Scott Perkins represented the seller, Jofra Realty, in the transaction.
Prior to the acquisition, Hudson News, an operator of airport newsstands, was a full-building tenant of the property.
701-705 Jefferson Road sits on 8.3-acres and boasts 18 loading tailgates, six drive-ins, 122 parking spaces and 22-foot ceiling clear height allows for large companies to maximize their operations. The property offers direct access to Interstates 287 and 80, as well as convenient access to Routes 46 and 202.
“Since relocating in 2013 from North Bergen and spending two years in the location of sale, Hudson News considered the building perfect for long-term continuation of its impressive distribution center,” Perkins detailed. “As the largest distributor of magazines and books in the Northeast, Hudson News will be able to look at this investment as an opportunity to continue to grow in revenue and its prominent market position locally, nationally and globally.”
The building was formerly occupied by Coca-Cola Products.
