"The Authority needed additional space to relieve crampedconditions at its W. State Street headquarters," says Scott Weiner,NJSDA's CEO. "The corporate environment, proximity to our existingheadquarters and continued access to many amenities were anexcellent fit for us."

The first new office building Downtown in many years, 32 E.Front sits on a site acquired by Matrix in 2005 after a previousplanned development stalled. In early 2006, Wachovia moved itsregional headquarters into the top three floors of thebuilding.

"We are pleased that 32 E. Front St. continually attractstenants such as Wachovia Bank and the NJSDA," says Matrix VPRussell Tepper. The NJSDA manages and funds projects in 31special-needs school districts throughout the state. To date, ithas completed more than 450 projects, including 41 new schools and28 major renovations and expansions, and has distributed $2.2billion in grants.