Developers sell iconic Panasonic tower in Newark for $165M

SJP Properties and Matrix Development Group have sold Panasonic’s North American headquarters building in Newark to an overseas investor for a reported $165 million, the firms announced Wednesday.

Matrix looks to Staten Island as its next frontier

Matrix Development Group is crossing the Arthur Kill for its latest industrial project, breaking ground on its first two buildings in a planned logistics park in Staten Island.

Panasonic extends, expands HQ lease in downtown Newark

Panasonic Corp. of North America has extended and renewed its lease for a total of 337.552 square feet at its three-year-old Newark headquarters.