Jones Lang LaSalle

Matthews Inks 40,000-SF Warehouse Lease
By Eric Peterson
Last updated: March 7, 2006 09:59am
(To read more on the industrial market, click here.)

BELLMAWR, NJ-Matthews International has signed a lease for 40,000 sf of warehouse space at 321 Benigno Blvd. within Korman’s Interstate Business Park here. The transaction involves a full-building lease for Matthews, a Pittsburgh-based producer of handcrafted cast bronze memorial products and statuary. The building’s floor plan includes 3,200 sf of built-out office space.

“They are relocating from Runnemede, NJ because of their rapid growth and the need for additional space,” says Marc Isdaner, senior vice president of Colliers Lanard & Axilbund of Philadelphia. Isdaner arranged the signing, the terms of which were not released, on behalf of the owner of the building, Interstate Holdings Inc.

Related to the signing, Colliers L&A is currently also marketing a 78,000-sf warehouse building within Korman’s Interstate Business Park. The park itself is located near I-295 and Exit 3 of the New Jersey Turnpike in South Jersey.