MATRIX DEVELOPMENT GROUP EXECUTIVE NAMED PRESIDENT OF BUILDING OWNERS AND MANAGEMENT ASSOCIATION IN NEW JERSEY

CRANBURY, NJ (January 29, 2008) – Matrix Development Group, one of the Northeast’s most respected real estate investment and development companies, is pleased to announce that Vice President of Asset Management Patrick J. Connelly has been named as the new president of the Building Owners and Management Association (BOMA) New Jersey chapter.

Connelly will assume his responsibilities as president beginning January 23rd.  BOMA-NJ is an affiliate of BOMA International, the oldest and largest association of the office building industry with over 100 federated associations in the United States and around the world.

“It’s truly an honor to be a part of such a well-known and respected organization,” Connelly said. “I have had the pleasure of serving as a vice president for the past two years and I’m excited to expand my leadership role. BOMA New Jersey was founded in part to discuss the mutual issues and experiences of real estate professionals and I look forward to further advancing the mission in 2008.”

Since becoming a member in 1998, Connelly has served as vice president of the New Jersey chapter and as a board liaison to the Energy and Environmental Committee. He was appointed to the organization’s secretary in 2004 and served as the chairman of the Programs and Seminars Committee for two years. Connelly was appointed to the Executive Board in 2003. He remains active in BOMA International, serving as a member and chairman of several boards, including the Codes and Standards Committee.

“Patrick has continuously demonstrated great leadership abilities,” said Matrix President Joseph S. Taylor. “Patrick is one of the rising stars in our industry and his expertise is widely recognized by his peers and colleagues. We congratulate Patrick on a well deserved appointment and look forward to his future success.”

BOMA-NJ is the leading organization for real estate professionals, including building owners, managers, developers, asset managers, leasing professionals and corporate facility managers. Founded in 1984, BOMA-NJ continues to follow its original goals of providing an exchange of ideas and success stories as well as providing continuing education opportunities.

About Matrix Development Group

Matrix Development Group is a privately held, full-service real estate investment and development company with offices in New Jersey and Pennsylvania. The Company is active in the commercial, industrial, urban, residential, golf and hospitality markets throughout the Northeast and mid-Atlantic regions. Since its founding in 1979, the Company has developed real estate valued in excess of $1 billion and has been recognized for its leadership by numerous charitable, community and real estate organizations.

For more information on Matrix Development Group, please contact the Company’s Cranbury, New Jersey office at 732.521.2900 or visit www.matrixcompanies.com.

About BOMA-NJ

BOMA-NJ, an affiliate of BOMA International, was founded in 1984.  It consists of more than 480 members representing the leading building owners, managers, developers, asset managers, leasing professionals, corporate facility managers and providers of products and services for commercial properties. BOMA-NJ holds monthly information exchanges and provides continuing education courses. For more information, please visit www.bomanj.org.

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