Matrix Development Group Breaks Ground on 550-Car Parking Garage at Plaza Centre in New Brunswick, N.J.
Matrix Development Group, one of the Northeast’s most active and well-regarded real estate investment and development companies, has broken ground on a new 550-car parking deck at its mixed-use Plaza Centre complex in downtown New Brunswick, N.J. The parking garage, which will be directly connected to the complex, will further enhance the amenity base for Plaza Centre, with parking for tenants of the complex’s two office buildings, located at 303 and 317 George Street, as well as spaces for future development at the property.
The Plaza Centre complex consists of 210,000 square feet of office space known as Plaza I and II, the land being developed into the parking garage, and an additional two-plus acres of land for future development. In 2003, Matrix, along with its partners, developed the Highlands at Plaza Square, comprising 417 luxury apartments, 6,500 square feet of complementary retail and a 650-space parking garage.
“This new project is a continuation of Matrix’s long-term involvement in the ongoing revitalization of New Brunswick into a vibrant 24/7, live-work-play destination,” said Russell Tepper, Vice President of Development for Matrix Development Group. “We are extremely pleased to be delivering a valuable amenity for our office tenants at Plaza Centre with the development of this new garage, in addition to providing public parking to further support the economic growth of the city’s downtown.”
Plaza I at 303 George Street is a six-story, 100,000-square-foot office building featuring open and flexible floor plan configurations that can be adapted to specific tenant requirements. Plaza II at 317 George Street was designed by the renowned architect, I.M. Pei, and is a five-story, 110,000-square-foot brick office building with a reflective glass exterior façade. Matrix has invested significant capital resources in both buildings for extensive lobby, common area and façade renovations. Currently, up to 20,000 square feet of contiguous space is available for lease.
Plaza Centre, which features immediate access to Routes 18, 27, and 1, and Exit 9 of the New Jersey Turnpike, is located within walking distance to the city’s multiple shopping, dining and cultural attractions. Corporate neighbors include Johnson & Johnson, Robert Wood Johnson University Medical Center and Rutgers University.
For information on available office space at Plaza I and Plaza II, contact Matrix at 732-521-2900. For more information about Matrix, visit www.matrixcompanies.com.
Matrix Development Group
Matrix Development Group is a privately held, full-service real estate investment and development company with offices in New Jersey and Pennsylvania. The company is active in the commercial, industrial, urban, residential, golf and hospitality markets throughout the Northeast and mid-Atlantic regions. Since its founding in 1979, the company has developed real estate valued in excess of $1 billion and has been recognized for its leadership by numerous charitable, community and real estate organizations.
For more information on Matrix Development Group, please contact the company’s Cranbury, N.J., office at 732-521-2900 or visit www.matrixcompanies.com.