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HAMILTON, NJ-Colgate-Palmolive has signed a lease for a total of 430,000 sf of industrial space at I-195 Business Park here, GlobeSt.com has learned. The consumer and personal care products giant will use the space at the Matrix Development Group property for distribution purposes. The facility is located in the New Jersey Turnpike Exit 7A submarket and fronts on the intersecting I-195.

Colgate was represented by Stan Danzig and Jules Nissim of Cushman & Wakefield of New Jersey, according to a Matrix spokesperson. Matrix was represented in-house. Terms of the deal are not being released.

The signing represents more than 70% of an industrial facility that Matrix started building on a speculative basis earlier this year. The balance of the 600,600-sf asset currently remains available, with completion of the building anticipated for January 2006, according to Alec Taylor, chief operating officer for the Cranbury-based Matrix.