Matrix Development Signs 126,000-SF Tenant

(Read more on the industrial market.)

HAMILTON, NJ-Eastern Bag & Paper has agreed to lease 125,580 sf of industrial space at Matrix Development Group’s two-year-old I-195 Business Park, GlobeSt.com has learned. For Matrix, the signing culminates a spec development project that began just more than two years ago when the company started construction for the 600,600-sf building at 401 Cabot Dr.

As reported by GlobeSt.com, Matrix Development subsequently signed Colgate Palmolive to a lease for 70% of the building for use as a distribution center. Eastern Bag and Paper’s deal completes the asset’s lease-up.