MATRIX DEVELOPMENT GROUP ANNOUNCES $1.5 MILLION REINVESTMENT AT
ONE RIVERFRONT CENTER IN NEWARK, NJ
State-of-the-Art Upgrades to One of the Finest Office Buildings in the Northeast
CRANBURY, NJ, JUNE 20, 2007 Matrix Development Group, one of New Jersey’s most active development companies, has announced significant upgrades to the prestigious One Riverfront Center, known as “The Legal Center,” office building in Newark.
Matrix is currently marketing a rare block of 100,000-square-feet at the 20-story office tower. The 411,617-square-foot Class A office tower is undergoing a $1.5 million investment in new state-of-the-art HVAC systems, security, valet parking and multi-purpose meeting and conference facility.
The multifaceted reinvestment program at One Riverfront Center includes facility improvements and upgrades such as:
·HVAC Building Control System: This new world-class system will allow tenants to monitor the performance of all mechanical ventilation systems (heating and air-conditioning), helping to designate how air and heat are distributed throughout the building. This not only creates added comfort for tenants, but also significantly reduces operating costs.
·Security System: One of the most progressive systems utilizing the latest security technology available. The new security access control system improves surveillance measures for the building’s interior and exterior common areas. This significant upgrade uses the latest security technology available.
·Parking: Valet parking will provide tenants and visitors with added convenience, as well as an additional 150 parking spaces, accessible to and from the front plaza area.
·Matrix/Edison Conference Center: A state-of-the-art newly constructed conference center with video conferencing capabilities as well as a desirable space to be used for company meeting or cocktail receptions. The dramatic upgrade makes available the finest amenities and décor in the Newark marketplace.
“Matrix Development Group is extremely proud to announce this multi-faceted, capital improvement program at One Riverfront Center,” said Hilary Budny, vice president of Matrix Development Group. “Our goal at One Riverfront Center has been to ensure that this world-class mixed-use Class A office and retail tower continues to exceed the expectations of our diverse tenant base. This new investment will enable One Riverfront Center to maintain its position as the finest office building in Newark and as one of the most desirable in the entire New Jersey metropolitan region.”
One Riverfront Center has a two-story lobby, bistro-style restaurant, parking garage and state-of-the-art security system. This 20-story building is widely recognized as the most desirable office building in North Jersey and has historically maintained a near 100 percent occupancy. Such notable tenants include: HDR Engineering; URS Corporation; Troutman Sanders; LeBoeuf, McManimon and Scotland; and Zazzali, Fagella, Nowak, Kleinbaum & Friedman. Additional amenities include a Pedestrian Skyway to Newark Penn Station and Gateway Complex, which includes a Hilton Hotel as well as close proximity to the Performing Arts Center. Matrix owns an additional seven acres of land adjacent to One Riverfront Plaza and planning is underway to create a $400 million dollar mixed-use waterfront development on the property.
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.