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432,000 s/f industrial lease renewed at Bayway.


Matrix Development Group announced a 432, t40 s/f lease renewal with Cory Furniture at Bayway Industrial Center.

This lease represents one of the largest industrial transactions in New Jersey in quite some time.

Located within Elizabeth Elizabeth, sister of King Louis XVI of France
Elizabeth, 1764–94, sister of King Louis XVI of France, known as Madame Elizabeth. Deeply loyal to her brother, she remained in France during the French Revolution, suffered imprisonment, and was
, N.J.'s Urban Enterprise Zone urban enterprise zone: see enterprise zone. , the industrial center offers more than 1 million square feet of medium industrial warehouse space within four stand-alone (jargon) stand-alone - Capable of operating without other programs, libraries, computers, hardware, networks, etc. Exactly what is absent is presumed to be obvious from context.

"We only run Windows on stand-alone PCs because it's too dangerous to run it on networked ones."
 buildings. The property is currently 75 percent leased.

"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," said Patrick J. Connelly Con·nel·ly   , Marcus Cook Known as "Marc." 1890-1980.

American playwright, producer, and director who won a Pulitzer Prize for The Green Pastures (1930), a play based on Southern African-American interpretations of biblical stories.
, vice president of asset management for Matrix.

"This site's close proximity PROXIMITY. Kindred between two persons. Dig. 38, 16, 8.  to major highways and shipping facilities make it a prime location for warehousing and distribution companies." Bayway Industrial Center consists of more than 1 million square feet of medium industrial warehouse space and has all utilities including heavy power, which makes the property ideal for manufacturing and warehousing.

Units are available at the center, ranging from 60,000 square feet to 300,000 s/f
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Title Annotation:LEASES
Comment:432,000 s/f industrial lease renewed at Bayway.(LEASES)
Publication:Real Estate Weekly
Date:Apr 15, 2009
Words:178
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