JERSEY CITY - The Hudson Mall has been sold to a real estate investment trust that owns a number of malls and shopping centers, officials said in a news release.

Urban Edge Properties has entered the process of acquiring the mall on Route 440 in Jersey City, next to another of its properties, Hudson Commons. The sale price for Hudson Mall is $43.7 million, officials said.

The new acquisition will give Urban Edge more than 49 acres and 1,800 linear feet of frontage on Route 440, a major roadway carrying more than 57,000 vehicles per day. Stores in the area will have many more potential customers in its backyard when the Bayfront development along the Hackensack River is completed.

The Hudson Mall includes Marshalls, Toys "R" Us, Staples, and Old Navy. Stores in Hudson Commons are Lowe's, P.C. Richard & Son, Advance Auto Parts/Mavis Discount Tire, Kid City, Party City, Burger King and Sleepy's.

The company has not responded to requests for comment.

Urban Edge currently owns 83 properties, including Bergen Mall on Route 4, totaling 14.8 million square feet of gross leaseable area.