S hopping C enters N ew J ersey S potlight C entral
Real Estate Journal — New Jersey — May 16 - 29, 2014 — 5B
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M id A tlantic
Matrix Business Park at 7A in Robbinsville, NJ Matrix Development Group begins construction on 183,000 s/f industrial facility R OBBINSVILLE, NJ — Matrix Develop- ment Group is cur-
Park at 7A. “The central New Jersey industrial market is one of the strongest in the entire country, and Matrix is well positioned to capitalize on the continued momentum of the sector with a criti- cal mass of strategically located, high-quality parks that appeal to the logistics needs of today’s industrial tenants,” said James Mur- national network of more than 120 battery distributors. The new lease at 1200 Route 523 — signed to accommo- date the firm’s expanding operations and workforce — is comprised of 64,044 s/f of industrial space and 8,893 s/f of office space. The property is owned by Equity Industrial Flemington LLC. “Energy Battery Group’s ex- pansion signals steady growth for the battery industry and this new location will com- plement EBG’s other spaces throughout the country,” said Joe Nitti , an executive man- aging director for Colliers In-
ray of Matrix Development Group. “We are seeing high demand for new speculative industrial development in the market, and our new- est 183,000 s/f facility at Matrix Business Park at 7A is specifically designed to address the requirements of companies in search of direct access to one of the world’s top transportation networks and labor pools.” n ternational’s Industrial Group, who represented the landlord in the transaction. “As an economical, secondary market that services Southeast New Jersey and Pennsylvania, Raritan is a good growth mar- ket for the industrial sector.” Jason Adams , of Cold- well Banker Commercial Feist & Feist Realty Corp. , represented the tenant in the transaction. 1200 Route 523 is conve- niently located just off of Routes 31 and 202. Other ten- ants at the building include Jo- hanna Farms and Whitehurst and Clark. n
rently under construction on a 183,000 s/f speculative industrial facility within Matrix Business Park at 7A in Robbinsville. In December , Mat r i x broke ground on a new, 220,000 s/f, build-to-suit facility for Falken Tire, also within Matrix Business
Matrix Business Park at 7A
Energy Battery Group signs a 72,937 s/f lease arranged by Colliers Int’l
Searles and Parmelli of Cassidy Turley represent tenant in 20,000 s/f lease
PRINCETON, NJ — On Friday, April 4, 2014 JRS Architect, PC had the op- portunity to participate in the Long Island Real Estate Group @ Work mentoring program. The program is a “rotational internship” in conjunction with Hofstra University. The purpose of the program is to expose college students to the real world of business, and specifically to introduce them to the many facets of the real estate industry. Three Hofstra University students visited the corporate office of JRS where they were hosted by KathyPasquale, di- rector of business development and Marketing. Kathy spent the day sharing insights of how architecture and the real estate RARITAN, NJ — National battery distributor Energy Battery Group, Inc. (EBG) has signed a long-term, 72,937 s/f lease for industrial and of- fice space at 1200 Route 523 in Raritan. This transaction, arranged by Colliers Inter- national , brings the 851,000 s/f building to 90% occupied. EBG provides battery dis- tributors and manufacturers with options for group buying of battery services and prod- ucts including automotive, commercial, marine, indus- trial, standby, motorcycle and motive power batteries. The private company maintains a
JRS Architect participates in LIREG@Work internship program for 2014 in conjunction with Hofstra University
pected to be completed in mul- tiple phases throughout the course of the next 12 months and will not only provide Nis- tica with additional capacity to develop, test and prototype future products, but also per- mit the company to create the necessary environment for future growth. “Nistica’s desire for growth, coupled with our deep under- standing of the company’s real estate needs and our expertise with this type of space within their existing locale, allowed us to deliver unparalleled ser- vice and broker a very attrac- tive transaction,” said Searles. “The location works extremely well due to its proximity to the company’s existing employee base and it will also serve Nis- tica’s goal to attract and retain future talent from Monmouth to Morris Counties.” n
BRIDGEWATER, NJ — Cassidy Turley , a leading commercial real estate ser- vices provider in the U.S., negotiated a 20,580 s/f lease at 745 Route 202-206 in Bridge- water on behalf of long-term client Nistica. The recently signed long term extension and expansion for the optical subsystems company will en- able themwith the entire floor of the Whitestar Advisors- owned office building. The Cassidy Turley team of Warren Searles , vice presi- dent, principal and Charles Parmelli , vice president, principal served as tenant rep- resentatives. John Osborne of Bergman Real Estate Group represented the owner. Nistica, who was already headquartered in the build- ing, was in need of additional space. The expansion is ex-
Pictured (l-r): Kathy Pasquale, Joan Gaudioso, Xi Hou, Robert McGuinness
into project management, the interviewing process &effective communication as it relates to architecture, as well as observ- ing the operational and finan- cial structure of the company. n
industry work together, as well as strategies on acquiring new business and establishing identity as a firm. The students were introduced to various JRS employees who shared insight
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