Wednesday, December 25, 2024
HomeLocal NewsHudson News purchased building on Jefferson Road

Hudson News purchased building on Jefferson Road

cocacolaPARSIPPANY — 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.

spot_img
spot_img
spot_img
Frank L. Cahill
Frank L. Cahill
Publisher of Parsippany Focus since 1989 and Morris Focus since 2019, both covering a wide range of events. Mr. Cahill serves as the Executive Board Member of the Parsippany Area Chamber of Commerce, Governor-Elect NJ District Kiwanis International and Chairman of Parsippany-Troy Hills Economic Development Advisory Board.
Recent Articles
- Advertisment -spot_img
- Advertisment -spot_img
- Advertisment -spot_img
- Advertisment -spot_img

Local News

- Advertisment -spot_img
Sign up today for FOCUS NEWSspot_img

Click on image to read magazine

Parsippany Focus Magazinespot_img
Translate »