Edited by Scott Morgan
Sudler Companies, 300 Interpace Parkway, Building C Second Floor, Parsippany 07054; 973-257-0700; fax, 973-257-0090. Steven Spinweber, executive vice president.
Capacity LLC, 1112 Corporate Road, Monmouth Junction 08852; 732-745-7770; fax, 732-745-0450. Jeff Kaiden, CEO. Home page: www.capacityllc.com.
Capacity LLC, an order-fulfillment firm catering to the direct marketing industry, has doubled its space at Corporate Park in Monmouth Junction. Capacity signed two leases with property manager Sudler, a Parsippany-based commercial real estate firm. the first lease is a long-term 125,000-square-foot renewal at its 1112 Corporate Road headquarters, and a the second a new 130,000-square-foot long-term lease at 1101 Corporate Road.
Sudler was represented in-house by Steven Spinweber, executive vice president of real estate, in both transactions. Capacity was represented by John Maloney, vice president at CB Richard Ellis.
“Although the real estate market is challenging, leasing activity in the central New Jersey industrial market has been on the upswing,” Spinweber said in a statement. “Industrial tenants are taking action, and Capacity took the opportunity to concentrate its office and warehousing needs together.”
Capacity’s 130,000-square-foot signing gives them the building that was once part of the campus of Church & Dwight. Capacity will be consolidating its Eastern warehouse and fulfillment services hub from 1600 Livingston Avenue, across Route 1, to the property adjacent to its U.S. headquarters.
Carnegie Mortgage, 3490 Route 1 North, Suite 15A, Princeton 08540; 609-514-3900; fax, 609-514-9040. Robert W. Koepke, senior loan officer. Home page: www.carnegiemtg.com.
Carnegie Mortgage, a subsidiary of Grand Bank, has acquired Icon Residential Lenders. Icon is the Irvine, California-based company that has been managing Carnegie’s nationwide mortgage loan origination business since last March.
Terms of the acquisition were not released, but according to Carnegie, Icon employs 160 and processes more than $200 million worth of mortgages every month.
Ligand Pharmaceutical (LGND), 3000 Eastpark Boulevard, Box 5350, Cranbury 08512; 609-452-3600; fax, 609-452-3672. John Higgins, president and CEO. www.ligand.com.
After the $70 million acquisition of Pharmacopeia last September, San Diego-based Ligand Pharmaceuticals has laid off more than half its staff here and plans to close its Cranbury facility by year’s end.
Ligand develops drugs for patients with muscle wasting, frailty, hormone-related diseases, osteoporosis, inflammatory diseases and anemia. It acquired Pharmacopeia for its expertise in developing drugs for arthritis, psoriasis, and similar conditions.
John Higgins took over as CEO from Joseph Mollica, who was interim president of Pharmacopeia and one of two Pharmacopeia executives now serving on Lignad’s board. The layoffs are part of Ligand’s last year in Cranbury. The firm will consolidate its operations in California.
Ocean Power Technologies (OPTT), 1590 Reed Road, Building A, Suite 1, Pennington 08534; 609-730-0400; fax, 609-730-0404. Frederick Dunleavy, chief executive officer. www.oceanpowertechnologies.com.
Ocean Power Technologies, developer of devices that process wave energy, has received 2.2 million euros ($2.9 million) to deliver a PowerBuoy wave energy device to Spain, where it is expected to be deployed near Santona.
OPT has worked on a wave energy project under contract from Iberdrola, the major Spanish utility company.
OPT will be responsible for the design, supply, and deployment of the PowerBuoy and Underwater Substation Pod. The contract is part of a consortium deal that includes several research entities in Europe.
PowerBuoy is an energy conversion and control system that allows for wave-by-wave tuning to generate electrical output.
Orchid Cellmark Inc., 4390 Route 1 North, Princeton 08540; 609-750-2200; fax, 609-750-6405. Thomas A. Bologna, CEO. Home page: www.orchid.com.
Orchid Cellmark, a provider of identity DNA testing services, has been awarded a five-year, $5.2 million contract to conduct all publicly funded DNA paternity testing for the state of Michigan.
The contract begins on April 1, and runs through March, 2015. It is extendible for four years.
New in Town
Phoenix Rebar LLC, 107 North Gold Drive, Second Floor, Robbinsville 08691; 609-259-3100; fax, 609-259-3106. John Disero, project manager. Home page: www.phoenixrebar.com.
Phoenix Rebar, an iron and steel contractor, has moved into North Gold Drive. The firm specializes in reinforcement of steel erection posts for construction sites.
Sorin Royer Cooper LLC, Two Tower Center Boulevard, 11th Floor, East Brunswick 08816; 732-851-6103; fax, 732-972-2304. David Sorin, managing partner. Home page: www.sorinroyercooper.com.
Attorney David Sorin has opened a law office in East Brunswick that specializes in business growth, technology, and life sciences companies.
A 1979 graduate of New York University, where he received his bachelor’s in accounting, Sorin manages the office. He co-founded the firm last year with John Royer and Neil Cooper, who co-manage the company’s King of Prussia office.
Sorin formerly ran the New York and New Jersey offices of Buchanan Ingersoll and the Princeton office of Hale & Door (now WilmerHale in New York). He also was CEO of Sorin Consulting, a tech-centric consulting firm in Morgantown.
Sorin, who earned his J.D. from Fordham in 1985, teaches law at Seton Hall and Drexel, and he is a co-founder of the New Jersey Technology Council, a statewide trade group that promotes science as an industry.
Princeton Power Systems Inc., 201 Washington Road, Building 2, Princeton Junction 08550; 609-955-5390; fax, 609-751-9225. Marshall Cohen, CEO. Home page: www.princetonpower.com.
Princeton Power Systems, a developer of electric power conversion technology for variable speed motor control, has appointed Stephen Morgan to its board of directors. Morgan, a 33-year veteran of the of the electrical utilities industry, has served as president, CEO, and board chairman at Jersey Central Power and Light Company. He retired in September
PPS board chair Ed Zschau, who also teaches engineering at Princeton University, said that Morgan “will provide the company and our customers with the insight, guidance, and understanding of energy markets” that only a person of such experience can offer.
While at JCP&L, Morgan oversaw $98 million in infrastructure and energy efficiency enhancements in 2009 alone, including $34 million for demand-response programs. Zschau said Morgan brings a wealth of experience to handle the integration of alternative energy, distributed generation, and grid support technologies.
Princeton Power was featured in the January 20 edition of U.S. 1.
New Jersey State Nurses Association/Institute for Nursing, 1479 Pennington Road, Trenton 08618-2661; 609-883-5335; fax, 609-883-5343. Patricia Barrett, CEO. www.njsna.org.
Patricia Barrett has been named the new CEO of the New Jersey State Nurses Association. Barrett, a nurse and attorney with three decades of public policy experience, replaces interim CEO Barbara Wright, who herself replaced retired longtime CEO Andrea Aughenbaugh.
Barrett served as director and government affairs manager for Bristol-Myers Squibb in Princeton from 1987 to 1993, then again in 1997 and 1998. She also served as director of economic and general welfare for the Illinois Nurses Association in Chicago and as executive director of public policy and government affairs for Forest Laboratories. She earned her bachelor’s in nursing from Roosevelt University and her J.D. from Loyola.
Aughenbaugh retired last year after more than 30 years at NJSNA. She was a vocal public policy advocate who influenced numerous state laws. Her tenure also oversaw several innovative nursing programs at NJSNA, such as the nursing boot camp. the boot camp, launched in 2006, sought to generate advocacy on behalf of the nursing profession.
The profession itself has been especially vocal in recent years as the future has looked bleaker. NJSNA has worried that the convergence of an enormous population of elderly Baby Boomers and ever-fewer nursing candidates will be trouble in the next decade or so.
Adventures in Advertising/The Printing Company, 14 Park Avenue, Hillsborough 08844; 908-575-9700; fax, 908-575-1700. Al DeLuca, president. www.myaia.com/printco.
Al DeLuca moved his printing and promotionals business from 525 Milltown Road in North Brunswick to Hillsborough, where he is hosted in the office of East Coast Media. Phone and fax are new. The firm offers printing services, computer data and office supplies, promotional products.
Air Products & Chemicals, 405 Route 33, Manalapan 07726-8308; 732-446-5676. Michael Gibbon, plant manager.
Air Products and Chemicals, maker of gases and chemicals for industrial use, has moved from Dayton’s Heller Industrial Park to Manalapan.
Chemspeed Inc., 113 North Center Drive, North Brunswick 08902; 732-329-1225; fax, 732-329-1226. Lucius Kemp, VP. www.chemspeed.com.
Chemspeed has moved its sales office from Deer Park Drive to the Commerce Center of North Brunswick. The Switzerland-based manufacturing company builds laboratory equipment for companies that develop chemicals and chemical processes.
The move is to a 3,100-square-foot showroom and office space.
Chemspeedis headed by Kevin Sweeney, a graduate of Rutgers College of Engineering, who has been with the firm since 1993.
Gesipa Fasteners USA, 1 Union Street, Suite 203, Robbinsville 08691; 609-883-8300; fax, 609-883-8301. Guy Krone, president. www.gesipausa.com.
Gesipa, a manufacturer of blind rivets and fasteners, has moved its American headquarters from Brunswick Pike to Robbinsville.
Established in Waldorf, Germany, in 1955, Gesipa has operations in nine countries and is known internationally for its blind rivets — so called because when they are inserted into a joint they cannot be seen from the other side.
Marshall & Swift/Boeckh, 103 College Road East, First Floor, Princeton 08540; 609-689-9366; fax, 609-689-6700. Sara Earle, senior vice president. Home page: www.msbinfo.com.
Marshall & Swift/Boeckh has moved back to College Road.
The insurance services firm, which operated at 101 College Road before consolidating and moving to Lawrence Square Boulevard in 2004, has relocated to 103 College Road East.
AO Clinical Investigation and Documentation of North America, 13 Roszel Road, Princeton.
The Swiss-based clinical research firm closed its Princeton office last summer. It had been open for about one year.
RCH Printing Inc., 1873 North Olden Avenue Extension, Trenton.
RCH Printing, which specializes in direct mail, appears to have closed. Fax and telephone numbers are out of service and the company’s webpage has expired. There also is no phone number listed in directory assistance.
In 2006 Bob Houghton bought Jeff the Printer and expanded operations to include direct mail, large-format digital printing for posters and banners, and advertising and business support materials.
A native of Redbank whose grandfather and uncle owned a commercial press in Redbank when he was a kid, Houghton said at the time, “I have ink in my blood.” His degree from Kean University, where he graduated in 1981, is in printing technology.