(Read more on the industrial market.)
OLDMANS TWP., NJ-Matrix Development has completed the sale of 21acres within its Gateway Business Park here, paving the way forconstruction of a 275,000-sf distribution facility by Garden StateFreezers Inc. The project will kick off with construction of a110,000-sf office and cold distribution storage facility, whichwill be followed at an unspecified date by a second phase of165,000 sf of cold storage space.
Garden State Freezers, currently based in Mullica Hill and partof the Mullica Group, is one of the largest importers in the US ofAustralian beef. Details of the land sale by the Cranbury-basedMatrix were not released.
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