MATRIX SELLS DISTRIBUTION FACILITY IN CRANBURY
CRANBURY, N.J. — Matrix Development Group has sold 102 Melrich Road, a 103,350-square-foot distribution facility in Cranbury. In conjunction with the sale, Tris Pharma, a pharmaceutical company, has leased the property from the new owner. The single-story property is situated on eight acres, and is less than two miles from the Exit 8A interchange of the New Jersey Turnpike. The property was constructed in 1977 and expanded in 1987. David Zimmel of Zimmel and Associates represented the buyer in the transaction.