News

MATRIX DEVELOPMENT GROUP SIGNS OVER 100,000 SF OF LEASES
THROUGHOUT IT'S NJ URBAN OFFICE PORTFOLIO

CRANBURY, NJ - Matrix Development Group, one of New Jersey’s most active urban developers, has recently closed in excess of 100,000 square feet of leases in its multi-property urban portfolio throughout New Jersey. These Class A office properties are all situated in prime markets throughout the state including Trenton, New Brunswick and Newark.

 Trenton: At 32 East Front Street, a mixed-use, free standing five-story new Class A office building, Wachovia Bank leased 43,500 square feet earlier this year. 32 East Front Street is located between Broad and Warren Streets, making it a prime location in Downtown Trenton with immediate access to Route 1, Route 29 and Interstate 295. 32 East Front Street has attracted significant tenant interest with its quality space and location.

 New Brunswick: At 303 George Street, a six-story Class A office building, a new lease agreement has recently been signed with Richard D. Kimball Co. Also, at 317 George Street, 5-story office building, recent transactions include a renewal with Johnson & Johnson, a new lease with UMDNJ-RWJMS and a renewal and expansion with Mandelbaum, Salzbury, Gold, Lazris, Discenza and Steinburg, Esq.

 Newark: At One Riverfront Center, a 20-story Class A office building, known as the “Legal Center,” new tenants leasing space include: Everest Technology Co.; Troutman Sanders; HDR Engineering; and URS Corporation. In addition, tenants McManimon and Scotland; LeBoeuf; and Zazzali, Fagella, Nowak, Keinbaum, & Friedman renewed and expanded.

“Matrix Development has a long history of investment and leadership in the urban marketplace,” says Patrick Connelly, vice president of Matrix Development Group. “We are witnessing a surge of interest by corporations returning to the cities and Matrix is well positioned to meet this increased market demand. We are dedicated to providing quality space to our tenants and plan to continue to invest in new opportunities throughout New Jersey’s urban markets.”

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.

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CRANBURY, NJ - Matrix Development Group, one of New Jersey’s most active urban developers, has recently closed in excess of 100,000 square feet of leases in its multi-property urban portfolio throughout New Jersey. These Class A office properties are all situated in prime markets throughout the state including Trenton, New Brunswick and Newark.

 Trenton: At 32 East Front Street, a mixed-use, free standing five-story new Class A office building, Wachovia Bank leased 43,500 square feet earlier this year. 32 East Front Street is located between Broad and Warren Streets, making it a prime location in Downtown Trenton with immediate access to Route 1, Route 29 and Interstate 295. 32 East Front Street has attracted significant tenant interest with its quality space and location.

 New Brunswick: At 303 George Street, a six-story Class A office building, a new lease agreement has recently been signed with Richard D. Kimball Co. Also, at 317 George Street, 5-story office building, recent transactions include a renewal with Johnson & Johnson, a new lease with UMDNJ-RWJMS and a renewal and expansion with Mandelbaum, Salzbury, Gold, Lazris, Discenza and Steinburg, Esq.

 Newark: At One Riverfront Center, a 20-story Class A office building, known as the “Legal Center,” new tenants leasing space include: Everest Technology Co.; Troutman Sanders; HDR Engineering; and URS Corporation. In addition, tenants McManimon and Scotland; LeBoeuf; and Zazzali, Fagella, Nowak, Keinbaum, & Friedman renewed and expanded.

“Matrix Development has a long history of investment and leadership in the urban marketplace,” says Patrick Connelly, vice president of Matrix Development Group. “We are witnessing a surge of interest by corporations returning to the cities and Matrix is well positioned to meet this increased market demand. We are dedicated to providing quality space to our tenants and plan to continue to invest in new opportunities throughout New Jersey’s urban markets.”

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.