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ELIZABETH, N.J. — Matrix Development Group has completed a 432,140 lease renewal within Bayway Industrial Center in Elizabeth. The space is occupied by Cory Furniture, a Jersey City, N.J.-based furniture warehousing, storage and home delivery provider. Terms of the lease were not disclosed. Bayway Industrial Center, which is owned by Matrix, comprises four standalone warehouse buildings total of more than 1 million square feet. The property is currently undergoing a redevelopment and was 75 percent occupied at the time of closing.