Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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

SOUTH BRUNSWICK, NJ-Coaster Co. of America has signed a lease for 300,000 sf of industrial space at Matrix Development Group’s new distribution facility at 45 Stults Rd. here. The distributor and wholesaler of craft-designed will use the space for warehouse/distribution purposes, and expects to take occupancy by the end of the year.

The Cranbury, NJ-based Matrix bought the facility’s 29-acre site in late 2003 and subsequently demolished an existing, obsolete warehouse, according to Alec Taylor, the company’s chief operating officer. Matrix began building 45 Stults Rd. in 2004 on a speculative basis. Coaster Co. of America’s lease leaves just under 140,000 sf still available in the 439,000-sf building. Terms of the lease were not disclosed.

“The demand for this facility has been extremely strong,” Taylor says, noting that the asset is located in the New Jersey Turnpike Exit 8A distribution market. The building’s features include 36-ft minimum clear height, 77 dock door positions, all-new infrastructure, rail access and 66 trailer storage spaces.

The Santa Fe Springs, CA-based Coaster Co. of America began operations in 1979 and currently has annual sales in the $125-million range. The company imports and distributes ready-to-assemble furniture and accessories in the US and Mexico.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.