Mid Atlantic Real Estate Journal — New Jersey — March 16 - 29, 2012 — 15A
www.marejournal.com
N ew J ersey
ONROETOWNSHIP, NJ — Matrix Devel- opment Group, one Business park at Exit 8A Matrix Development Group announces building sale and new lease at Matrix Corporate Campus M
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 s/f of office, laboratory, and flex space. Us- ers as small as 2,500 square feet to those with require- ments in excess of 100,000 s/f can be easily accommodated within the existing buildings at the park. Located at Exit 8A of the New Jersey Turnpike, Matrix Corporate Campus offers turn- pike frontage, providing com-
panies prominent exposure on one of the State’s busiest roadways. It straddles both Cranbury and Monroe Town- ships in bustling Middlesex County and offers immediate access to Route 130. Matrix is currently offer- ing buildings of varying sizes for both lease and sale at the park. Tenants benefit from the park’s strategic location, its well-maintained, mani- cured park setting, and the inherent value afforded by the campus’ flexible space options to accommodate a variety of users. n
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 Develop- ment Group. In 2010, Matrix acquired the 80-acre, 13-building Mid- Atlantic Corporate Center from Preferred Unlimited and renamed the property
markets clinical agents for use in X-ray/Computed Tomogra- phy (CT), Nuclear Medicine and Magnetic Resonance Im- aging (MRI) in the U.S. and Canada. • Richard Grubb & As- sociates, one of the largest full-service, independent cul- tural resource firms in the Mid-Atlantic and Northeast, purchased a 9,000 s/f building at the campus. The two firms join other notable tenants including AmeriHealth Insurance Com- pany of New Jersey, Real Time Components, Intent Group,
of the Northeast’s most ac- tive and well-regarded real estate investment and devel- opment 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 s/f lease. The U.S.- based subsidiary of Bracco Imaging SpA develops and Newmark Knight Frank negotiates 67,763 s/f lease Union, NJ — Newmark Knight Frank represented The TriZetto Group in a new, long- term lease extension for 67,763 s/f at 1085 Morris Avenue in Union. Newmark Knight Frank’s Richard Mirliss, Richard J. Madison, Bill Benton (with the firm’s San Francisco office), Hope Brodsky and Kieran McGee represented TriZetto in the transaction. Cushman & Wakefield’s David Stifleman and Dan Jonsen represented sublandlord AGL Resources. Newmark Knight Frank’s New Jersey offices successfully completed 4.8 million s/f of of- fice transactions in 2011, re- ports David Simson, vice chair- man and COO of the firm’s New Jersey operations. Included in the total were several promi- nent headquarters transac- tions, led by the state’s largest deal for 2011, Novo Nordisk’s 560,000 s/f lease agreement in Plainsboro. “It is indeed a credit to our professionals that we were able to assist these major corporations in satisfying their real estate requirements,” said Simson. “Given the challenges that everyone continued to face throughout the year, the fact that we were able to navi- gate an otherwise challenged economy and get deals done is a clear indication of the strengths that we continue to bring to the marketplace.” The transaction engineered on behalf of pharmaceutical gi- ant Novo Nordisk by Newmark Knight Frank’s Steve Tolkach is a $215 million redevelopment project joint-ventured by Ivy Equities, LCOR, and Intercon- tinental Real Estate.
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Forsgate Dr., CN4000 ƒ Cranbury, NJ 08512 ƒ 732-521-2900 www.matrixcompanies.com
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