MONROE TOWNSHIP—Matrix Development Group has reported significant leasing activity at properties the company owns in the Exit 8A submarket in Monroe Township.
Matrix signed a 239,000-sq.-ft. expansion lease with TYC/Genera Corp. at 5 Fitzgerald Avenue within CenterPoint at 8A. The North American distribution arm of TYC brand auto parts extended its lease and took an additional 77,000 sq. ft. to occupy the entire building as part of the transaction.
In addition, Priority Post, a subsidiary of the Swiss Postal Service that provides international mailing services for the wholesale industry, recently signed a new lease for 40,000 sq. ft. of space at 17 South Middlesex Avenue.
Both 5 Fitzgerald Avenue and 17 South Middlesex Avenue are located minutes from the New Jersey Turnpike, making the New York/Philadelphia and Boston/Washington transportation corridor easily accessible.
The 229,524-sq.-ft. state-of-the-art warehouse/distribution facility at 5 Fitzgerald Avenue was constructed in 2004 and provides 36-ft. clear height, plentiful dock doors and vehicle parking, and an ESFR fire suppression system.
The 17 South Middlesex Avenue site is a 205,187-sq.-ft. warehouse building that includes a 30-ft. clear height, plentiful door positions and trailer parking. Matrix negotiated with Lance Shalit and Joe D'Agostino of Lance Bram Commercial Brokerage, who represented Priority Post in the transaction.
