News

MATRIX DEVELOPMENT GROUP ANNOUNCES ACQUISITION OF MID-ATLANTIC
CORPORATE CENTER, NOW MATRIX CORPORATE CAMPUS

80 Acre, 340,000 SF, 13 Building Campus Situated on Exit 8A of the New Jersey Turnpike

CRANBURY, N.J. – Matrix Development Group, one of the Northeast’s most active and well-regarded real estate investment and development companies, has announced the acquisition of Mid-Atlantic Corporate Center. The complex has been renamed Matrix Corporate Campus.

The site was acquired from Preferred Unlimited, a Pennsylvania-based real estate investment firm. Newmark Knight Frank and Fennelly & Associates represented Matrix and Preferred Unlimited in the transaction.

Matrix Corporate Campus was previously the headquarters of Rhodia Corporation. The business park spans more than 342,000 square feet of office, laboratory and flex space. Located at Exit 8A of the New Jersey Turnpike, Matrix Corporate Campus offers more than 2,000 feet of direct turnpike frontage. Current tenants include the worldwide headquarters of Innophos, Inc, a leading specialty phosphate producer in North America, which recently expanded their lease by 20 percent, now occupying 48,000 square feet.

The site can accommodate users as small as 2,500 square feet to more than 100,000 square feet. Matrix Corporate Campus features a mix of office, lab and flex space and offers both leasing and sales opportunities for the multiple buildings on the site. Space opportunities can be offered at a 20 percent discount to competitive space in the market.

“Matrix is well positioned to continue to take advantage of strategic investment opportunities that exist in the market,” said Gary Hans, Vice President of Matrix Development Group. “This outstanding business park met all of our investment criteria and further solidifies our position as one of the most active and diversified real estate owners in New Jersey.”

In an otherwise challenging economy and real estate market, Matrix Development Group remains one of the most active developers in the region. Most recently, Matrix has made two significant land sales at Gateway Business Park in Salem County, N.J., with National Freight Industries for 1 million square feet and Manfredi Companies for 174,000 square feet. Matrix also recently leased 44,795 square feet to Yellow Roadway Company Inc. at 15 Quakerbridge Plaza Drive, located in Hamilton Township, N.J.

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.

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80 Acre, 340,000 SF, 13 Building Campus Situated on Exit 8A of the New Jersey Turnpike

CRANBURY, N.J. – Matrix Development Group, one of the Northeast’s most active and well-regarded real estate investment and development companies, has announced the acquisition of Mid-Atlantic Corporate Center. The complex has been renamed Matrix Corporate Campus.

The site was acquired from Preferred Unlimited, a Pennsylvania-based real estate investment firm. Newmark Knight Frank and Fennelly & Associates represented Matrix and Preferred Unlimited in the transaction.

Matrix Corporate Campus was previously the headquarters of Rhodia Corporation. The business park spans more than 342,000 square feet of office, laboratory and flex space. Located at Exit 8A of the New Jersey Turnpike, Matrix Corporate Campus offers more than 2,000 feet of direct turnpike frontage. Current tenants include the worldwide headquarters of Innophos, Inc, a leading specialty phosphate producer in North America, which recently expanded their lease by 20 percent, now occupying 48,000 square feet.

The site can accommodate users as small as 2,500 square feet to more than 100,000 square feet. Matrix Corporate Campus features a mix of office, lab and flex space and offers both leasing and sales opportunities for the multiple buildings on the site. Space opportunities can be offered at a 20 percent discount to competitive space in the market.

“Matrix is well positioned to continue to take advantage of strategic investment opportunities that exist in the market,” said Gary Hans, Vice President of Matrix Development Group. “This outstanding business park met all of our investment criteria and further solidifies our position as one of the most active and diversified real estate owners in New Jersey.”

In an otherwise challenging economy and real estate market, Matrix Development Group remains one of the most active developers in the region. Most recently, Matrix has made two significant land sales at Gateway Business Park in Salem County, N.J., with National Freight Industries for 1 million square feet and Manfredi Companies for 174,000 square feet. Matrix also recently leased 44,795 square feet to Yellow Roadway Company Inc. at 15 Quakerbridge Plaza Drive, located in Hamilton Township, N.J.

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.