REBusinessOnline

MATRIX ACQUIRES MID-ATLANTIC CORPORATE CENTER

MONROE TOWNSHIP, N.J. — The Cranbury, N.J., office of Matrix Development Group has acquired Mid-Atlantic Corporate Center, an 80-acre business park located in Monroe Township. The property, which was renamed Matrix Corporate Campus, comprises 13 buildings totaling more than 342,000 square feet of office, laboratory and flex space. Prominent tenants include Innophos Inc., a phosphate producer that operates its 48,000-square-foot worldwide headquarters out of the campus. The seller, was Pennsylvania-based Preferred Unlimited. Negotiating the transaction were Newmark Knight Frank and Fennelly & Associates. The acquisition price was not disclosed.

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