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Matrix Development Group Announces Building Sale and New Lease at Matrix Corporate Campus at Exit 8A

MONROE TOWNSHIP, N.J.–Matrix Development Group, one of the Northeast’s most active and well-regarded real estate investment and development companies, recently announced the completion of a building sale and new lease at Matrix Corporate Campus, the company’s premier business park at Exit 8A of the New Jersey Turnpike.

The recent activity includes the following transactions:

· Bracco Diagnostics signed a 54,000-square-foot-lease. The U.S.-based subsidiary of Bracco Imaging SpA develops and markets clinical agents for use in X-ray/Computed Tomography (CT), Nuclear Medicine and Magnetic Resonance Imaging (MRI) in the U.S. and Canada.

· Richard Grubb & Associates, one of the largest full-service, independent cultural resource firms in the Mid-Atlantic and Northeast, purchased a 9,000-square-foot building at the campus.

The two firms join other notable tenants including AmeriHealth Insurance Company of New Jersey, Real Time Components, Intent Group, and Innophos.

“The successful leasing and sales campaign at Matrix Corporate Campus is directly attributed to the creation of a niche with growing companies that want a premier location, within a beautiful corporate park, at a fair price when compared to similar properties in the area,” said Alec Taylor, Principal of Matrix Development Group.

In 2010, Matrix acquired the 80-acre, 13-building Mid-Atlantic Corporate Center from Preferred Unlimited and renamed the property Matrix Corporate Campus. Since then, Matrix has made additional investments in the site and upgraded numerous facilities.

The business park spans more than 342,000 square feet of office, laboratory, and flex space. Users as small as 2,500 square feet to those with requirements in excess of 100,000 square feet can be easily accommodated within the existing buildings at the park.

Located at Exit 8A of the New Jersey Turnpike, Matrix Corporate Campus offers turnpike frontage, providing companies prominent exposure on one of the State's busiest roadways. It straddles both Cranbury and Monroe Townships in bustling Middlesex County and offers immediate access to Route 130.

Matrix is currently offering buildings of varying sizes for both lease and sale at the park. Tenants benefit from the park’s strategic location, its well-maintained, manicured park setting, and the inherent value afforded by the campus’ flexible space options to accommodate a variety of users.

For more information about Matrix, visit www.matrixcompanies.com.

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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MONROE TOWNSHIP, N.J.–Matrix Development Group, one of the Northeast’s most active and well-regarded real estate investment and development companies, recently announced the completion of a building sale and new lease at Matrix Corporate Campus, the company’s premier business park at Exit 8A of the New Jersey Turnpike.

The recent activity includes the following transactions:

· Bracco Diagnostics signed a 54,000-square-foot-lease. The U.S.-based subsidiary of Bracco Imaging SpA develops and markets clinical agents for use in X-ray/Computed Tomography (CT), Nuclear Medicine and Magnetic Resonance Imaging (MRI) in the U.S. and Canada.

· Richard Grubb & Associates, one of the largest full-service, independent cultural resource firms in the Mid-Atlantic and Northeast, purchased a 9,000-square-foot building at the campus.

The two firms join other notable tenants including AmeriHealth Insurance Company of New Jersey, Real Time Components, Intent Group, and Innophos.

“The successful leasing and sales campaign at Matrix Corporate Campus is directly attributed to the creation of a niche with growing companies that want a premier location, within a beautiful corporate park, at a fair price when compared to similar properties in the area,” said Alec Taylor, Principal of Matrix Development Group.

In 2010, Matrix acquired the 80-acre, 13-building Mid-Atlantic Corporate Center from Preferred Unlimited and renamed the property Matrix Corporate Campus. Since then, Matrix has made additional investments in the site and upgraded numerous facilities.

The business park spans more than 342,000 square feet of office, laboratory, and flex space. Users as small as 2,500 square feet to those with requirements in excess of 100,000 square feet can be easily accommodated within the existing buildings at the park.

Located at Exit 8A of the New Jersey Turnpike, Matrix Corporate Campus offers turnpike frontage, providing companies prominent exposure on one of the State's busiest roadways. It straddles both Cranbury and Monroe Townships in bustling Middlesex County and offers immediate access to Route 130.

Matrix is currently offering buildings of varying sizes for both lease and sale at the park. Tenants benefit from the park’s strategic location, its well-maintained, manicured park setting, and the inherent value afforded by the campus’ flexible space options to accommodate a variety of users.

For more information about Matrix, visit www.matrixcompanies.com.

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.