Asbury Park Press building buyer announced

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News,Business

NEPTUNE, N.J. (AP) — An H. Hovnanian Industries affiliate is buying the land and building that the Asbury Park Press has called home since 1985.

Terms were not disclosed.

H. Hovnanian general counsel Chad Warnken tells the newspaper (http://on.app.com/1cx9MTx ) the company hasn't decided what to do with the nearly 22 acre site in Neptune Township that includes a building that occupies 175,000 square feet.

The newspaper put the property up for sale in January 2013 as it sought to move to smaller offices better equipped for the digital age.

The newspaper will move across the street to an office building that will accommodate about 400 employees and a design studio that helps produce the Press and 14 other newspapers that are owned by McLean, Va.-based Gannett Co. Inc.

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Information from: Asbury Park (N.J.) Press, http://www.app.com

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