Located on a 13.5-acre parcel, the Matrix Development Group-owned facility includes 40,000 square feet of industrial space with 101 overhead doors, one drive-in door and 4,100 square feet of office space. The development is zoned for office, light industrial, flex and manufacturing space and is well situated to accommodate a wide variety of needs. A built-to-suit site totaling 77,000 square feet is also available at the site.

"This lease is positive economic news for Hamilton Township as well as for New Jersey overall. We are very proud to be continuing to generate leasing activity resulting in jobs and ratables in this highly challenging economic climate," says Matrix Development principal Alexander B. Taylor.

And New Jersey's overall industrial market fundamentals appear to be remaining stable as well, at least according to CB Richard Ellis' recently released Q4 industrial market report. CBRE reports that availability rates increased slightly at the close of the year at 9.3% and net absorption in New Jersey's industrial market remained stable--compared to last year's negative 3.74 million square feet of space.