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Matrix Development Group Announces Condominium Sale of Unit B at Matrix Corporate Campus

10,000-Square-Foot Condominium Located at 13-Building Campus at Exit 8A of the New Jersey Turnpike

CRANBURY, N.J. (July 1, 2009) – Matrix Development Group, one of the Northeast’s most active and well-regarded real estate investment and development companies, has announced that the Intent Group, a notebook computer wholesaler based in Cranbury, N.J., has made a 10,000-square-foot condominium purchase of Unit B at the Matrix Corporate Campus, which is also in Cranbury, N.J.

Matrix recently acquired the campus from Preferred Unlimited, a Pennsylvania-based real estate investment firm. Matrix Corporate Campus spans more than 342,000 square feet of office, laboratory and flex space. Located at Exit 8A of the New Jersey Turnpike, Matrix Corporate Campus offers more than 2,000 feet of direct turnpike frontage. Current tenants include the worldwide headquarters of Innophos Inc, a leading North American specialty phosphate producer. Innophos recently expanded their lease by 20 percent, to 48,000 square feet.

The site can accommodate users from as small as 2,500 square feet to more than 100,000 square feet. Matrix Corporate Campus offers both leasing and sales opportunities for the 13 buildings on the site. This campus provides a professionally managed, attractive corporate campus and is priced to give companies the opportunity to reduce operating costs.

“We are pleased to welcome the Intent Group to Matrix Corporate Campus,” said Matrix Development Group Vice President Gary Hans. “We have seen great success with this business park since our recent acquisition. We are glad to offer such quality space to businesses and continue to strive to set the bar high for tenants and prospective owners alike.”

In an otherwise challenging economy and real estate market, Matrix Development Group remains one of the most active developers in the region. Most recently, Matrix has made two significant land sales at Gateway Business Park in Salem County, N.J., with National Freight Industries for 1 million square feet and Manfredi Companies for 174,000 square feet. Matrix also recently leased 44,795 square feet to Yellow Roadway Company Inc. at 15 Quakerbridge Plaza Drive, located in Hamilton Township, N.J.

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, N.J., office at 732-521-2900 or visit www.matrixcompanies.com.

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10,000-Square-Foot Condominium Located at 13-Building Campus at Exit 8A of the New Jersey Turnpike

CRANBURY, N.J. (July 1, 2009) – Matrix Development Group, one of the Northeast’s most active and well-regarded real estate investment and development companies, has announced that the Intent Group, a notebook computer wholesaler based in Cranbury, N.J., has made a 10,000-square-foot condominium purchase of Unit B at the Matrix Corporate Campus, which is also in Cranbury, N.J.

Matrix recently acquired the campus from Preferred Unlimited, a Pennsylvania-based real estate investment firm. Matrix Corporate Campus spans more than 342,000 square feet of office, laboratory and flex space. Located at Exit 8A of the New Jersey Turnpike, Matrix Corporate Campus offers more than 2,000 feet of direct turnpike frontage. Current tenants include the worldwide headquarters of Innophos Inc, a leading North American specialty phosphate producer. Innophos recently expanded their lease by 20 percent, to 48,000 square feet.

The site can accommodate users from as small as 2,500 square feet to more than 100,000 square feet. Matrix Corporate Campus offers both leasing and sales opportunities for the 13 buildings on the site. This campus provides a professionally managed, attractive corporate campus and is priced to give companies the opportunity to reduce operating costs.

“We are pleased to welcome the Intent Group to Matrix Corporate Campus,” said Matrix Development Group Vice President Gary Hans. “We have seen great success with this business park since our recent acquisition. We are glad to offer such quality space to businesses and continue to strive to set the bar high for tenants and prospective owners alike.”

In an otherwise challenging economy and real estate market, Matrix Development Group remains one of the most active developers in the region. Most recently, Matrix has made two significant land sales at Gateway Business Park in Salem County, N.J., with National Freight Industries for 1 million square feet and Manfredi Companies for 174,000 square feet. Matrix also recently leased 44,795 square feet to Yellow Roadway Company Inc. at 15 Quakerbridge Plaza Drive, located in Hamilton Township, N.J.

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, N.J., office at 732-521-2900 or visit www.matrixcompanies.com.