MATRIX DEVELOPMENT GROUP
ANNOUNCES 50,000 SQUARE FEET OF NEW LEASES AT ONE RIVERFRONT PLAZA IN NEWARK, NEW JERSEY

Up to 100,000 SF Becomes Available in January 2007

CRANBURY, NJ - Matrix Development Group, one of New Jersey’s most active development companies, announces continued robust leasing activity at its signature One Riverfront Plaza, known as “The Legal Center,” office building in Newark, New Jersey. The 411,617-square-foot Class A office tower is recognized as one of the premier business addresses in the state.

Leasing activity totaling more than 15,000 square feet have been signed at One Riverfront Plaza by Everest Technology, a technology firm; HDR Engineering, an engineering firm; URS Corporation, an engineering design firm; Troutman Sanders, a law firm; and LeBoeuf, a law firm. In addition, McManimon and Scotland, a law firm, renewed and expanded its 24,000-sqaure-foot lease as well as Zazzali, Fagella, Nowak, Kleinbaum & Friedman, also a law firm, renewed its 8,000-square-foot space.

“Matrix is, and has been, extremely committed to Newark,” stated Hilary Budny, Vice Presdient of Matrix Development Group. “We are pleased to be witnessing a new surge of excitement and interest in One Riverfront Plaza. The building continues to be at the center of activity within the city’s business and legal community.”

One Riverfront Plaza is a 411,617-square-foot Class A office tower with a two-story lobby, bistro-style restaurant, parking garage and state-of-the-art security system. 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.

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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