“On the core side of things,” meaning warehouses, Taylor says, “we are acquiring existing product, acquiring land, and planning on doing a spec' building later this year in the 7A-8A market.”

Taylor adds: “We are dabbling with the idea of doing two of them. These are special situations, in a very select market. A lot of the deals we are making already, we are getting one, two, sometimes three back-up offers on them.”

The company is currently putting up a 317,585-square-foot distribution facility for McKesson Corp., a pharmaceutical distributor, at its business park at Exit 7A. That site is approved for up to 450,000 square feet of additional construction.

Demand will continue to resurge this post-recession year, Taylor believes. “Our portfolio is 97-98 percent occupied,” Taylor says. “and there is very little supply coming on.”

There will be some roll-over of space at 8A, as leases expire this year – although none of the Matrix leases are set to expire. Taylor projects about 100,000-200,000 square feet could potentially go vacant, but says that would be almost trivial in what is a 60 million-square-foot market.

The Matrix chief acknowledged there is very little developable land left in the 8A market, but he adds: “We have our hands on a couple pieces of it.”