(Read more on the industrial market.)
HAMILTON, NJ-Eastern Bag & Paper has agreed to lease 125,580sf of industrial space at Matrix Development Group's two-year-oldI-195 Business Park, GlobeSt.com has learned. For Matrix, thesigning culminates a spec development project that began just morethan two years ago when the company started construction for the600,600-sf building at 401 Cabot Dr.
As reported by GlobeSt.com, MatrixDevelopment subsequently signed Colgate Palmolive to a lease for70% of the building for use as a distribution center. Eastern Bagand Paper's deal completes the asset's lease-up.
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