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Matrix is currently among the most active industrial developers in the Pennsylvania and New Jersey marketplace, and the addition of United Business Park to Matrix's growing Pennsylvania portfolio allows the firm to offer various leasing and/or build-to-suit options.
ELIZABETH, NJ—Metrofuser, a re-manufacturer and marketer of printers, parts and training has leased 25,134 square feet of industrial space at 475 Division Street in Elizabeth, NJ, where it will relocate from its present facility in Roselle Park, NJ.
PHOENIX—Crosswinds Apartment Homes sells for $22 million, The Park at Deer Valley apartments sells for $33 million and Tresa at Arrowhead sells for $47 million, all located within the active-hot Phoenix metro.
FORT WORTH—Oleander Apartments, a 327-unit multifamily complex, is to be built on two separate city blocks, West Rosedale and Oleander Streets, and connected by a bridge over Seventh Avenue.
AUSTIN, TX—Activity includes office and multifamily sales, a six-building industrial portfolio sale, leases at The Linc, and a long-term industrial lease, all within San Antonio, El Paso and Austin.
WASHINGTON, DC—Data from the the Census Bureau and the Department of Housing and Urban Development show that new multifamily construction declined in May after rising by double digits in April, while building permits were up month over month and year over year.