MATRIX DEVELOPMENT GROUP ANNOUNCES 103,350 SQUARE FOOT LEASE AT EXIT 8A INDUSTRIAL DISTRIBUTION HUB IN CRANBURY, NJ
Pharmaceutical Company Aurobindo USA, Inc., Leases Full Building at 102 Melrich Road
CRANBURY, NJ (February 11, 2008) – Matrix Development Group, one of the Northeast’s most respected real estate investment and development companies, has announced a 103,350 square foot lease with Aurobindo USA, Inc., completely filling the company’s 102 Melrich Road distribution facility. The site is located within the Exit 8A industrial market, one of the country’s most dynamic distribution hubs with a total market size exceeding 50 million square feet.
Aurobindo was represented by Charles Fern, executive vice president with Jones Lang LaSalle and Matrix was represented in-house by Patrick J. Connelly, vice president of asset management with Matrix. The facility will be used for office, general warehouse and distribution space in support of Aurobindo’s existing pharmaceutical manufacturing facility in Dayton.
“Matrix remains committed to providing tenants with premier industrial and warehouse facilities in prime locations throughout New Jersey, Pennsylvania and New York,” said Hilary Budny, vice president with Matrix Development Group. “We’re pleased to announce that Aurobindo has leased space at Exit 8A, one of the largest and most dynamic industrial hubs in the country.”
The Melrich Road facility is ideally located within minutes of the New Jersey Turnpike with immediate access to Route 130, I-95, I-287 and Route 1, essentially offering overnight highway access to one-third of the nation’s population. The site also offers outstanding proximity to world-class seaports including Port Newark and Port Elizabeth, the most complete port facility in the world. Newark, Kennedy and Philadelphia airports are also within a one-hour drive from the industrial park’s convenient location.
The distribution facility at Melrich Road provides dock door positions, drive-in ability, ample parking, trailer storage, and 12,432 square feet of office space that was critical to the Aurobindo site selection process.
“Aurobindo USA, Inc. needed additional space to accommodate our expanding international company,” said Scott White, CEO of Aurobindo USA. “This well-maintained facility and its outstanding location provide an excellent fit for all of our company’s needs – including office, general warehouse and distribution space.”
The Melrich Road distribution facility is ideal for industrial users because of its proximity to the New Jersey Turnpike and other metropolitan area transportation corridors. The Exit 8A market is one of the largest industrial markets in the country.
Aurobindo was founded in 1986 by a small, highly committed set of professionals. The company is the market leader in semi-synthetic penicillin drugs and has a multi-product portfolio with numerous international manufacturing facilities.
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.