1M-SF Warehouse Site Could Double in Size

GREENCASTLE, PA-Having just signed a five-year lease extension with World Kitchen on a one-million-sf distribution facility, Matrix Development Group may bring in some neighbors for the housewares giant, currently the sole tenant at Matrix Business Park. Patrick Connelly, VP of asset management at Cranbury, NJ-based Matrix, says his company is in the design and approval stages on two additional industrial buildings that would double the 134-acre property’s capacity.

The two new buildings at 1200 S. Antrim Rd. here are planned for 400,000 sf and 600,000 sf, respectively. “We’re designing the buildings to give the flexibility to accommodate a multi-tenanted scenario, but we certainly wouldn’t mind a single-tenanted, campus-like location,” Connelly tells GlobeSt.com. Warehouse/industrial, he adds, “is a market that has activity in both smaller tenants and big-box, as evinced by the one-million-sf lease renewal we just conducted.”

Connelly says both buildings are envisioned to be cross-dock facilities, “with 36-foot clear height and all the modern amenities, and an abundant amount of trailer storage. On-site trailer storage is becoming a very important commodity to most users in that market.As part of the package we put together for World Kitchen, we were able to save them some operating costs by adding 75 trailer spaces to the site, in order to accommodate staging of product coming in and out.”