• Latest
  • Trending
  • All
A $700M investment, 4,200 jobs; Matrix now building 4th warehouse

A $700M investment, 4,200 jobs; Matrix now building 4th warehouse

February 28, 2020
Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

April 23, 2024
Top 5 Spend Analysis Software ranked in 2024

Top 5 Spend Analysis Software ranked in 2024

March 1, 2024
How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

January 19, 2024
LATAM Cargo strengthens European cargo links

LATAM Cargo strengthens European cargo links

April 14, 2020
Ford making reusable hospital gowns from airbag materials as efforts against coronavirus expand

Ford making reusable hospital gowns from airbag materials as efforts against coronavirus expand

April 14, 2020
Don’t Sweat NBC’s Decision to Cut Back on Television Ad Inventory

Don’t Sweat NBC’s Decision to Cut Back on Television Ad Inventory

April 14, 2020
Software firms sharpen focus on AI, big data as IT spending drops

Software firms sharpen focus on AI, big data as IT spending drops

April 14, 2020
Navigating turbulent times in your supply chain (TL:DR version)

Navigating turbulent times in your supply chain (TL:DR version)

April 14, 2020
Last Mile Delivery by Drones Market is Booming Worldwide

Last Mile Delivery by Drones Market is Booming Worldwide

April 14, 2020
AIR CARGO MARKET SIZE, SHARE, DEMAND, TREND, LATEST INNOVATIONS & APPLICATION ANALYSIS AND INDUSTRY GROWTH FORECAST 2027 – Science In Me

AIR CARGO MARKET SIZE, SHARE, DEMAND, TREND, LATEST INNOVATIONS & APPLICATION ANALYSIS AND INDUSTRY GROWTH FORECAST 2027 – Science In Me

April 14, 2020
Wheat procurement in Patiala: 6,500 coupons issued to farmers – cities

Wheat procurement in Patiala: 6,500 coupons issued to farmers – cities

April 14, 2020
Pandemic, Plastics And The Continuing Quest For Sustainability

Pandemic, Plastics And The Continuing Quest For Sustainability

April 14, 2020
  • Supply Chain
  • Logistics
  • Warehousing
  • Procurement
  • Shipping
  • More
    • Strategic Sourcing
    • Spend Analysis
    • Inventory
    • Contact Us
No Result
View All Result
United States International Supply Chain Commission
United States International Supply Chain Commission
Home Warehousing

A $700M investment, 4,200 jobs; Matrix now building 4th warehouse

by usiscc
February 28, 2020
in Warehousing
0
A $700M investment, 4,200 jobs; Matrix now building 4th warehouse
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

STATEN ISLAND, N.Y. — After a $700 million investment and the creation of at least 4,200 permanent jobs, the developer of Matrix Global Logistics Park — which houses Amazon and Ikea facilities — is looking to lease the last of four warehouses on its 200-acre Bloomfield site.

The project represents one of the largest industrial property investments in the borough, and was built within five years without any major stops or delays.

“This project has created a significant number of jobs,” said Borough President James Oddo, noting that in addition to full- and part-time positions, thousands of construction jobs have been created during the course of the project. “It is the biggest bonanza of jobs that we’ve seen in this borough in a long time.”

The Cranbury, N.J.-based Matrix Development Group is currently seeking to lease the last 975,000-square-foot structure on the property, said Joseph Taylor, company CEO.

“Our last building of about 975,000 square feet is about half finished,” he said. “It’s a speculative building [which means] we don’t have a tenant for it yet. But that’s how we did the other three. We’d love to have another warehouse user, like Ikea and Amazon, here.”

Once the final building is leased, Taylor said the company would like to invest further in the borough and has been looking for additional property.

“We have been looking around at a number of different sites,” he said. “We haven’t settled on any one site.”

SITE HISTORY

Matrix Development Group broke ground on the logistics park in late fall 2016.

First to be built and occupied was a 855,000-square-foot warehouse, which is now home to Amazon’s $100 million Fulfillment Center, which opened in 2017. That facility employs more then 4,000 people who work alongside robots to pick, pack and ship customer orders that are delivered to various geographic areas.

Another 975,000-square-foot facility is occupied by Ikea, which opened in 2018. The Staten Island unit supports delivery to many customers in New York City, whether they are shopping in store, at the IKEA Planning Studio or online. The Advance has previously reported that about 200 people are employed at the facility.

Recently leased to Amazon by Matrix was a new 450,000-square-foot warehouse to be used as a delivery station that will help speed up deliveries to local residents. The new warehouse will have a different use than the existing Staten Island Amazon facility. It will be for “last mile deliveries,” which means packages from the facility will go to a specific geographic areas in New York City.

Part of the success of the site is that Matrix was able to have MTA buses stop on the property to get employees to and from work, said Taylor.

Included in the $700 million investment is $25 million used for road improvements on and around the site, which included making Gulf Avenue a one-way street, he said.

Matrix Development Group has been in existence for 35 years, and its portfolio of industrial properties boasts some as large as 40 million square feet throughout New York, New Jersey and Pennsylvania. The company also has an extensive portfolio of office and residential properties.

FOLLOW TRACEY PORPORA ON FACEBOOK and TWITTER

Share196Tweet123
usiscc

usiscc

  • Trending
  • Comments
  • Latest
Escape From Tarkov – How to Rotate Items

Escape From Tarkov – How to Rotate Items

February 5, 2020
Supply chain examination: Planning for vulnerabilities you can’t control

Supply chain examination: Planning for vulnerabilities you can’t control

December 7, 2019
Procurement Project Manager job with Camden London Borough Council

Procurement Project Manager job with Camden London Borough Council

February 17, 2020
Art Battle Wichita Falls III at The Warehouse, 1401 Lamar.

Art Battle Wichita Falls III at The Warehouse, 1401 Lamar.

0
Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 – ZMR News Reports

Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024 – ZMR News Reports

0
PHOTOS: Ottawa firefighters respond to warehouse fire

PHOTOS: Ottawa firefighters respond to warehouse fire

0
Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

Last Mile Delivery Market Worth Observing Growth | UPS, FedEx, SF Express

April 23, 2024
Top 5 Spend Analysis Software ranked in 2024

Top 5 Spend Analysis Software ranked in 2024

March 1, 2024
How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

How Tesla And BMW Are Leading A Supply Chain Renaissance With Blockchain

January 19, 2024
  • Privacy Policy
  • Terms of Use
  • Disclaimer
  • DMCA
  • Contact Us

Copyright © 2024 United States International Supply Chain Commission (usiscc.org)

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT
No Result
View All Result
  • Supply Chain
  • Logistics
  • Warehousing
  • Procurement
  • Shipping
  • More
    • Strategic Sourcing
    • Spend Analysis
    • Inventory
    • Contact Us

Copyright © 2024 United States International Supply Chain Commission (usiscc.org)