For Trenton, it looks like it’s in with the new and out with the … news.Central Jersey CML, which produces doughnuts, Munchkins and other baked goods for Dunkin’ Donuts, will be purchasing The Trentonian newspaper’s office building on Perry Street in the capital city.
The Trentonian’s staff currently occupies only 25 percent of the building, according to the newspaper.
The city’s mayor, Eric Jackson, announced the news Tuesday during a MIDJersey Chamber of Commerce event.
Jackson said the move will bring new jobs to the city.
“They’re planning to create almost 200 new jobs in our city,” he said. “When Trenton attracts new business and jobs, our local economy is stronger, people go to work and our city gets stronger.”
Goods produced at the new baking facility will supply the coffee and doughnut chain at its locations throughout the Central Jersey region and into Bucks County, Pennsylvania.
Central Jersey CML was awarded approximately $18.9 million in tax credits over a 10-year period to relocate to Trenton and create 171 jobs. This deal was approved by the New Jersey Economic Development Agency last week.
According to the Trentonian, the asking price of the property was $2 million. The purchase includes the building at 600 Perry St. and an adjacent warehouse at 39 Escher St.
Currently, the property is owned by Twenty Lake Holdings, a subsidiary of Alden Global Capital. Another subsidiary of Alden Global is Digital First Media, which is the parent company of The Trentonian.
According to editor John Berry, the news outlet is currently exploring “all options” for relocation.
“We will always have a physical presence in Trenton,” he said.
