B — January 17 - 30, 2014 — New Jersey — Mid Atlantic Real Estate Journal


N ew J ersey

Build-to-suit warehouse for Falken Tire Matrix Development Group breaks ground on 222,000 s/f

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OBBINSVILLE, NJ — Continuing a year of strong activity in the

central New Jersey industrial submarket, Matrix Develop- ment Group announced that it has broken ground on a new build-to-suit warehouse and distribution center for Falken Tire Corporation within Ma- trix Business Park at 7A, the company’s premier 480-acre light industrial park in Rob- binsville. The 222,000 s/f facility, scheduled for completion in spring 2014, will serve as a new location for Falken Tire, an international manufacturer of automobile tires. The new building for Falken is the latest in a number of new build-to-suit developments within Matrix Business Park at 7A. Earlier this year, Matrix sold a site on which a 350,000 s/f facility is being developed for pharmaceutical distributor and healthcare information technology company McKes- son Corporation. Also within Matrix Business Park at 7A, Matrix recently completed a 150,000 s/f build-to-suit dis- tribution building for Ritchie & Page Distributing Company,

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Falken Tire Warehouse Rendering

Inc., and sold a parcel to an affiliate of KTR Capital Part- ners for the development of a one-million s/f warehouse for Amazon. “Falken Tire’s decision to open a new location at Matrix Business Park is representa- tive of the continued strength and appeal of the Exit 7A industrial submarket — one of the most coveted locations in the Northeast,” Matrix Development Group principal Alec Taylor said. “As owner of multiple business parks throughout the central New Jersey industrial corridor, we’re committed to bringing

high-quality companies such as Falken to the region, and look forward to delivering a world-class facility for the company in 2014.” Matrix Business Park at 7A consists of more than 480 acres at Interchange 7A, the interchange of the New Jersey Turnpike and Route 195, and is centrally located between Port Elizabeth, Newark Air- port and New York City to the north, and Philadelphia docks and airport. A Foreign Trade Zone designation is in place for the entire park, providing added benefits to companies that reside there. n

Owners, Developers, & Managers

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Issue: January 31st, 2014 Deadline: January 17th, 2014

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Please Contact Steve Kelley SKelley@marejournal.com 781.871.5298 x205

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