New expansion leads to 100% occupancy at 45 Stults Road.

Matrix Development Group has announced 100% occupancy at its 45 Stults Road facility in South Brunswick, N.J.

Current tenant Coaster Company of America, a furniture distribution company, expanded its lease, taking an additional 140,000 s/f for a total of 439,000.

"We expect significant growth in our Northeast operations and needed the expansion space to prepare for the additional business and to be sure we meet our customers' expectations," said Matthew Chen, vice president of HRM administration for Coaster Furniture.

"We are delighted to continue our long-term relationship with Coaster Company of America and to meet all of their requirements," commented Alexander Taylor, COO and principal of Matrix Development Group. "The successful redevelopment and leasing of 45 Stults Road is a testament to our organization's continued market leadership in the industrial section, as well as the continued market demand for high-quality industrial facilities in central New Jersey."

Matrix had purchased the 29-acre site in late 2003 and completed demolition of an existing, obsolete warehouse in 2004.

The 440,000 s/f 45 Stults Road features a 36-foot minimum clear height, 77 modern dock door positions with two drive-in ramps, ESFR (Early Suppression Fast Response) sprinkler systems, and all new infrastructure and utilities.

Situated in the heart of the 8A distribution market midway between Boston and Washington, D.C. and midway between New York City and Philadelphia, 45 Stults Road provides an ideal location for servicing the mid-Atlantic and Northeast regions. In addition, with immediate access to the 8A interchange of the New Jersey Turnpike, the site offers easy access to Routes 1, 130 and 206 and Interstates 195, 295 and 287. The Port Newark/Port Elizabeth and Newark Liberty International Airport are in close proximity to the site.