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MATRIX DEVELOPMENT GROUP ANNOUNCES 30,000 SF OF LEASING ACTIVITY IN ITS NEW BRUNSWICK OFFICE PORTFOLIO

NEW BRUNSWICK, NJ - Matrix Development Group, one of New Jersey’s most active development companies, has reported that its New Brunswick office portfolio is experiencing substantial leasing activity. More than 30,000 square feet of transactions have recently been recorded.

At 303 George Street, a six-story Class A office building, a new lease has signed with Richard D. Kimball Co., an engineering company. Additionally, at 317 George Street, a five-story Class A office building, leases have recently been signed with Johnson & Johnson Inc., UMDNJ-RWJMS, a medical school, and the law firm Mandelbaum, Salzbury, Gold, Lazris, Discenza and Steinburg. Both buildings are located in the heart of the city of New Brunswick and have immediate access to Routes 18, 27, 1, and Exit 9 of the New Jersey Turnpike.

“We are pleased with our continued leasing activity in New Brunswick as well as throughout our entire urban portfolio,” says Hilary Budny, Vice President of Matrix Development Group. “Matrix has a long history of investment in New Brunswick, as well as other cities such as Trenton and Newark. In New Jersey, we are clearly witnessing a renewed interest on behalf of tenants in these cities and we are well positioned to continue to be a leader in the state’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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NEW BRUNSWICK, NJ - Matrix Development Group, one of New Jersey’s most active development companies, has reported that its New Brunswick office portfolio is experiencing substantial leasing activity. More than 30,000 square feet of transactions have recently been recorded.

At 303 George Street, a six-story Class A office building, a new lease has signed with Richard D. Kimball Co., an engineering company. Additionally, at 317 George Street, a five-story Class A office building, leases have recently been signed with Johnson & Johnson Inc., UMDNJ-RWJMS, a medical school, and the law firm Mandelbaum, Salzbury, Gold, Lazris, Discenza and Steinburg. Both buildings are located in the heart of the city of New Brunswick and have immediate access to Routes 18, 27, 1, and Exit 9 of the New Jersey Turnpike.

“We are pleased with our continued leasing activity in New Brunswick as well as throughout our entire urban portfolio,” says Hilary Budny, Vice President of Matrix Development Group. “Matrix has a long history of investment in New Brunswick, as well as other cities such as Trenton and Newark. In New Jersey, we are clearly witnessing a renewed interest on behalf of tenants in these cities and we are well positioned to continue to be a leader in the state’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.