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 in Parsippany, N.J. to Hudson News, the world’s largest operator of airport newsstands. NAI Hanson’s Scott Perkins represented the seller, Jofra Realty, in the transaction.
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.”
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About NAI James E. Hanson
Since 1955, NAI James E. Hanson has been a leading independent full-service brokerage commercial real estate and property management firm serving a diverse client list. NAI Hanson offers its clients strategic solutions and provides comprehensive value-added services such as office, industrial and retail brokerage, investment sales, land sales, management, government services and financing expertise.
NAI Hanson is also one of the original members of NAI Global, an international commercial real estate network with 400 offices spanning the globe. For more information on NAI James E. Hanson, contact William C. Hanson, SIOR, at the company’s Hackensack office at 201-488-5800 or visit www.naihanson.com.