Matrix Snags Industrial Renewal

ELIZABETH, NJ-Cory Furniture has renewed its 432,140-square-foot lease here at Matrix Development Group’s 18-acre Bayway Industrial Center. Located within Elizabeth’s Urban Enterprise Zone, the industrial center offers more than one million square feet of medium industrial warehouse space within four stand-alone buildings. The property is currently 75% leased.

Jersey City-based Cory Furniture is a warehousing, storage and home delivery service provider that serves markets throughout the US, Puerto Rico and the US Virgin Islands.

“Cory Furniture has operated out of this location for more than 40 years and we are pleased that they continue to see the value of this outstanding industrial center,” says Patrick J. Connelly, vice president of asset management for Matrix. “This site’s close proximity to major highways and shipping facilities make it a prime location for warehousing and distribution companies.”