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Matrix Realty Group, Inc.

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Matrix Realty Group, Inc.
IndustryReal estate
Founded1993
FounderRichard Nieto
HeadquartersPort Jefferson, New York, United States
Area served
United States
Key people
Glen Nelson (CEO)

Matrix Realty Group, Inc. is an American real estate company based in Port Jefferson, New York, United States. Glen Nelson was the CEO[1][2] of the privately held real estate investment-development firm and management company which has holdings throughout the United States. The company owns and manages over 6 million square feet of Class A commercial office buildings, 10,000 multi-family residential units, and other commercial properties.[3]

Ownership and history

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The Matrix Realty Group was founded in 1993 by Richard Nieto,[4] and after 4 years, the late Glen Nelson joined as managing partner. Nieto is responsible for managing all aspects of the Matrix Realty Group. Since 1993, he has overseen the acquisition, financing, leasing, property management, redevelopment, and sale of over 10 million square feet of real estate throughout the United States. Richard Nieto's focus was on the purchase of defaulted notes.[5]

According to the New York Real Estate Journal, the real estate company started with ″absolutely no money and organically grew without the help of investors or partners. ″Matrix has grown due to the sincere and genuine way of doing business the old school way – with a handshake.″ [6] (New York Real Estate Journal October 27, 2015 "Executive of The Month")

One of Matrix's most recent projects includes a $40M housing, office project planned for Grant Deneau Tower in downtown Dayton.[7]

On December 20, 2015, two days before his 49th birthday, Nelson died when he lost control of his car while driving along East Broadway in Port Jefferson, New York.[4] He was later pronounced dead at a nearby hospital.[4]

Properties

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  • Matrix Corporate Park Hauppauge/Islandia Long Island, NY – 400,000 sq/ft[8]
  • Matrix Corporate Center at Danbury, CT - 1.2 million square-foot office complex [9][10]
  • Matrix MHC Homes - Various locations throughout Michigan and Alabama[11][12][13]

Food and dining businesses

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Restaurant related properties include Gasho of Japan[14][15] in Hauppauge and Central Valley, New York, and The Matrix Conference and Banquet Center at the Danbury Corporate Center facility in Connecticut.[16]

References

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  1. ^ "Entity Information". Appext20.dos.ny.gov. 1994-01-03. Retrieved 2015-12-17.
  2. ^ Glen Nelson. "Glen Nelson, Matrix Investments Group Ltd: Profile & Biography". Bloomberg.vom. Retrieved 2015-12-17.
  3. ^ "ABOUT". Matrixrealtygrp.com. Archived from the original on 2015-12-22. Retrieved 2015-12-17.
  4. ^ a b c Tracy, Thomas (22 December 2015). "Long Island real estate CEO Glen Nelson killed in Lamborghini crash after veering into utility pole". New York Daily News.
  5. ^ "ABOUT". Matrixrealtygrp.com. Archived from the original on 2015-12-22. Retrieved 2015-12-17.
  6. ^ "Executive of the Month: Smiles of The Matrix Realty Group: Having patience and perseverance is the key to success". Cre.nyrej.com. 2015-10-27. Archived from the original on 2015-12-22. Retrieved 2015-12-17.
  7. ^ Schroeder, Kaitlin (8 December 2015). "$40M housing, office project set for downtown Dayton". Dayton Business Journal. Retrieved 2015-12-17.
  8. ^ "Company of the Month: Matrix Investment Group returns to its Long Island roots with "Crossroads" purchase in Islandia and Hauppauge". NYREJ.com. 12 November 2013. Retrieved 2015-12-17.
  9. ^ Segan, Alan (3 June 2011). "Matrix Realty Group and Savanna Announce a Successful Year of Leasing Activity at Matrix Corporate Center in Danbury, CT | Connecticut RealEstateRama". Real Estate Rama.
  10. ^ Fallon, Bill (21 December 2015). "Matrix adapts a monolith to a new, nimble world". Westfair Business Journal.
  11. ^ "Matrix Manufactured Home Communities - Matrix Manufactured Home Communities | Matrix Investment Group | the Matrix Group | Matrix Realty". Matrix Group. Archived from the original on 2015-12-22. Retrieved 2015-12-18.
  12. ^ http://www.mhmarketingsalesmanagement.com/home/featured-articles/march-2010/6505-manufactured-housing-community-portfolio-moves-through-matrix-realty[permanent dead link]
  13. ^ Murray, Barbra (30 October 2013). "Meridian Orchestrates $150M Financing Deal for Manufactured Housing Portfolio". Commercial Property Executive.
  14. ^ "Archived copy". data.ny.gov. Archived from the original on 4 March 2016. Retrieved 14 January 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  15. ^ "Gmail".
  16. ^ "The Matrix Conference & Banquet Center". Matrixconferenceandbanquetcenter.com. Retrieved 2015-12-17.
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Matrix Corporate Center

https://commons.wikimedia.org/wiki/File:Glen_Nelson_CEO_Matrix_Realty_Group,_Inc.jpg

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