Matrix Development Group Announces 45,000 Square Feet of Leasing Activity at One Riverfront Center in Newark
The Legal Center Continues to Attract and Retain Leading Businesses
NEWARK, N.J. (June 24, 2009) – Matrix Development Group, one of the Northeast’s most active and well-regarded real estate investment and development companies, has announced that LeClair Ryan, a regional law firm, has signed a 45,000-square-foot lease at One Riverfront Center. Also known as the Legal Center, One Riverfront Center is an 18-story, Class A office and retail tower located in the heart of downtown Newark. With this transaction, the building has approximately 40,000 square feet of available space for lease.
LeClair Ryan was represented by David Opper, senior vice president with CB Richard Ellis and David Sherman and Marc Trevison, brokers with Cushman & Wakefield. Newmark Knight Frank’s Timothy Greiner and Hope Brodsky represented Matrix.
“One Riverfront Center continues to be a premier business destination for tenants in northern New Jersey and we are very pleased that the complex remains a catalyst for economic and business investment in the City of Newark,” said Matrix Development Group Vice President Hilary Budny. “Our goal at One Riverfront Center is to ensure that this office tower exceeds the expectations of our first-class client base, and the recent leasing activity solidifies the center as one of the finest office buildings in the North Jersey marketplace.”
LeClair Ryan is an entrepreneurial law firm that provides business counsel and client representation in matters of corporate law and high-stakes litigation with 20 offices in nine states. The firm currently has an office in Newark and with this lease they will be expanding and relocating to One Riverfront Center.
Despite challenging market conditions, Matrix continues to excel in all facets of their business, a reflection of their diverse platform and the exceptional quality of their assets. The company’s diverse portfolio includes residential, commercial, industrial and hospitality and golf courses throughout the tri-state area. An example is One Riverfront Center, Newark’s most prestigious office building, located at the intersection of Raymond Boulevard and Route 21/McCarter Highway.
The building is directly connected to Newark Penn Station and Gateway Complex, which includes a Hilton Hotel, by a pedestrian skyway and offers immediate access to the New Jersey Performing Arts Center and NJ Transit trains and buses, Amtrak and PATH trains. Newark Liberty International Airport is just three miles from the building and is easily accessible by car, bus or light rail. The building’s location also provides ready access to New York City by car or public transportation.
Featuring first-class finishes and virtually column-free floors, One Riverfront Center is a 24/7 building providing the ultimate in corporate convenience. The building boasts a two-story lobby, underground parking garage and state-of-the art security system.
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.