(To read more on the industrial market, click here.)

SOUTH BRUNSWICK, NJ-Matrix Development Group has acquired 102Melrich Rd., a vacant 104,000-sf industrial building here, for anundisclosed price. The seller was a real estate affiliate of itsformer occupant, Schumacher Textiles, which had placed the buildingon the market as surplus property. The sale was brokered by JohnMaloney Jr., vice president in the East Brunswick, NJ office of CBRichard Ellis.

"The building is located near the New Jersey Turnpike and offersaccess to the New York/Philadelphia and Boston/Washingtontransportation corridors," says Patrick Connelly, vice president ofthe Cranbury-based Matrix Development Group. "The Exit 8A market isone of the largest industrial markets in the country and hasattracted a host of tenants, including Home Depot, Williams Sonoma,Volkswagen, W.W. Grainger, Petco and Lenox."

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