At a time when many critics chide New Jersey for being unfriendly to businesses of any size, the state announced it has offered a $7.2 million incentive package to Novo Nordisk, the Danish pharmaceutical firm which is setting up its North American headquarters at 1100 College Road (show above). The deal, announced last week, includes a $5.4 million grant for creating jobs, $1.39 million in sales tax exemptions, and a $420,000 income tax credit aimed to foster expansion at the College Road site.
The new building has the capacity for more than 400 additional employees and will feature an in-house training facility capable of training 100 employees simultaneously. “It’s rare that we can make an announcement that’s a public-policy trifecta,” Governor Jon Corzine said. “Good for public health, good for the economy, and good for the environment.”
Novo Nordisk is the world’s largest manufacturer of insulin for diabetes treatment. The company also makes hormone treatments and growth hormones and currently operates its U.S. headquarters at 100 College Road.
Corzine called Novo Nordisk “one of New Jersey’s most important partners in business and in health-care,” adding that the firm’s plans to stay in New Jersey, heart of the pharmaceutical industry, bolsters the state’s reputation as “the world’s medicine chest.”
The deal comes amid ever-darkening economic news in the Garden State. New Jersey is desperate to stem the loss of jobs, which has already passed the 10,000 mark this year. Novo Nordisk, at least, is bucking that trend. The firm reported 528 employees in the Princeton area in 2007 and now reports more than 725. It is the fourth-largest pharmaceutical employer in the region.
Novo Nordisk plans to begin occupying the new campus this spring. The lease is for 15 years and the $20 million facility is the first of five, five-story buildings to be completed on the Princeton Corporate Campus, an 800,000-square-foot office development.
Packing Company Gets 100K Feet
Brunswick Logistics, 2400 Route 1 North, North Brunswick 08902; 732-960-2400.
Brunswick Logistics, a shipping and packaging concern, has leased 100,000 square feet of industrial space at 2400 Route 1 North in North Brunswick. The building was completed in March and is an extension on an existing 146,000-square-foot facility.
The deal was brokered by Jones Lang LaSalle of Parsippany. Terms were not released.
J&J Takes Space On Orchard Road
Johnson & Johnson (JNJ), One Johnson & Johnson Plaza, New Brunswick 08903; 732-524-0400; fax, 732-214-0332. William C. Weldon, chairman & CEO. Home page: www.jnj.com.
Pharmaceutical giant Johnson & Johnson recently leased 112,000 square feet of office space at 23 Orchard Road, a 70-acre site in Skillman. Johnson & Johnson, headquartered in New Brunswick, entered the deal with JER/Herring Orchard, a collaboration of Virginia-based JER Partners and Herring Management Inc., located at 23 Orchard Road. The companies were represented by brokers from Colliers Houston & Co., which is headquartered at Cottontail Lane in Somerset.
Terms were not released, though remaining space at the 238,000-square-foot site is available at $23.75 per square foot.
New in Town
Quantum Integrators LLC, 3371 Route 1 South, Lawrence Commons, Suite 114, Lawrenceville 08648; 609-588-8668; fax, 609-613-9780. Home page: www.quantumintegrators.com.
Quantum Integrators, a business software consulting company, has opened its corporate headquarters in Lawrence Commons. Quantum provides consulting, support and offshore services aimed at helping clients manage their software used to put business data to work.
Quantum Integrators also has an accounting office on East State Street Extension in Hamilton.
Albert Kemperle Inc., 100 Melrich Road, South Brunswick Industrial Park, Cranbury 08512; 908-925-6133. Home page: www.kemperle.net.
Albert Kemperle, a chain of collision repair shops that also serve as warehouses and training locations, has opened a new location on Melrich Road in Cranbury.
Established in Brooklyn in 1940, Kemperle has grown into a 24-store chain stretching along the Atlantic coast between New York and Florida. The company states its mission as one designed to build partnerships within the collision repair industry. Its corporate offices are located in North Amityville, New York.
Professional Service Solutions Inc., 134 Nassau Street, Princeton 08540; 609-566-0001. Mark Chin, manager. Home page: www.pssol.com.
Professional Service Solutions, a California-based consulting firm specializing in senior management services for the medical and pharmaceutical industries, has opened a fourth office on Nassau Street.
Also located in Emeryville and Irvine, California, and Alpharetta, Georgia, PSS provides consulting for strategies, sales and marketing, corporate development, and data analytics. The Nassau Street office employs eight.
Caliber Therapeutics Inc./(X-Cell Medical) , 11 Deer Park Drive, Suite 208, Monmouth Junction 08852; 732-329-0297; fax, 732-329-0298. William R. Baumbach PhD, director, drug research & development. Home page: www.calibertherapeutics.com.
The founders of X-Cell Medical have started a new firm, Caliber Therapeutics, to work on drug eluting balloons (drug-coated angioplasty balloons). William Baumbach, a 1975 graduate of Princeton, launched the firm in December.
Meanwhile X-Cell Medical has changed its focus to do research on acute myocardial infarction. It had been developing drug eluting stents (U.S. 1, May 18, 2005). “Because clinical trial results were disappointing, and because of the controversy over drug eluting stents, the market for drug eluting stents began to dwindle,” says Baumbach. Six researchers work in 2,000 square feet at Princeton Corporate Plaza
Walter R. Bliss Jr. , 321 West State Street, Trenton 08618; 609-695-2111.
Personal injury attorney Walter Bliss has moved his offices. The law firm has vacated it space at 260 Wall Street.
Radiant Healthcare, 2553 Route 130 South, Cranbury 08512; 609-655-0455; fax, 609-655-5305. Yogesh H. Chandrani, president. Home page: www.radianthealthcareusa.com.
Radiant Healthcare, a division of Paramedic and Pharmaceuticals Inc., has moved its operations to a new site in Cranbury. The distributor of medical and surgical supplies ranging from home healthcare items to physician supplies, has moved to Route 130 from South River Road
Films Media Group/Films for the Humanities & Sciences, 200 American Metro Boulevard, Suite 124, Hamilton 08619; 609-671-1000; fax, 609-671-5777. Wendy Collins, director, digital rights. Home page: www.films.com.
Films Media Group has moved its offices from 2572 Brunswick Pike to American Metro Boulevard in Hamilton.
The 115-person company, founded in 1959, provides videos, DVDs, and multimedia programs for schools, colleges, and libraries. Films Media Group is often recognized through one of its four brands: Films for the Humanities and Sciences, Cambridge Educational, Meridian Education, and Shopware.
Triton Info Tech Inc., 3 Independence Way, Suite 205, Princeton 08540; 609-419-8800; fax, 609-419-1188. Aditya Nara, president. Home page: www.tritoninfotech.com.
Triton Info Tech Inc., an India-based IT company focused on the fashion and garment industries, has left its offices at 3 Independence Way and is in the process of relocation to Alexander Road, according to company president Aditya Nara. The company, which employs 100 at locations in Ohio, Virginia, and Princeton, first moved to Independence Way in 2004.
Quality New Jersey, 20 West State Street, Trenton; 609-777-0940.
Quality New Jersey, a nonprofit education organization, appears to have ceased operations at its West State Street office in Trenton. The company’s phone and fax numbers have been disconnected and the website no longer exists.
Yonkers Industries Inc., 116 Village Boulevard, Suite 200, Princeton, 08540; 609-734-7400.
Yonkers Industries, a North Carolina-based construction management firm has dropped operations in New Jersey.
MarLou Business Services LLC, 812 State Road, Princeton; 609-279-1360.
MarLou Business Services, a computer consulting firm, appears to have left its offices at 812 State Road. Neighboring businesses report no signs of Marlou. Multiple phone calls also have gone unreturned. No forwarding information is available.
Kawase Inc., 410 Princeton-Hightstown Road, Princeton Junction 08550-0009; 609-448-2800. .
Kawase Inc., a seller and distributor of office equipment, appears to have left its location here. The telephone number now belongs to Amigos Help Around the House lawn care; no forwarding information is available.
Simmons Small Business Services Inc., Monmouth Junction 08852; 732-398-0381.
Simmons Small Business Services, a computer firm that provided video E-mail services, web hosting, and identity theft shields, appears to no longer be operating in Monmouth Junction. The phone number now belongs to a private residence and both regular and electronic mail has been returned. No forwarding information is available.
LendAmerica, 186 Princeton-Hightstown Road, Princeton Junction 08550; 609-297-0464; fax, 609-482-8100. Scott Stein, managing director. Home page: www.lendamerica.com.
The Mortgage Zone, a residential mortgage firm with an office in Princeton, has changed its name to LendAmerica.
ExpertPlan Acquires TSCI
ExpertPlan, an East Windsor company that provides private-label recordkeeping for retirement plans such as 401(k)s, has acquired TSCI, formerly Trust Service Company Inc. www.tscusers.org), a Pennsylvania-based application development company that develops and sells recordkeeping and trust accounting software products.
TSCI’s products use IBM Java-hosted AS400 technology that is very similar to that which is used by ExpertPlan. The company has 44 clients, including banks, private employer retirement plans, third party administrators, and associations. It also markets its products to financial advisors and certified public accountants.
Julian Onorato, ExpertPlan chairman and CEO, sees the acquisition as significant for his company, which was founded in 1999 and has approximately 50 employees. He has announced that TSCI’s employees will relocate to ExpertPlan’s offices.
TSCI will be held as a wholly-owned subsidiary. Financial details of the detail are not being disclosed.
ExpertPlan, 50 Millstone Road, Windsor Corporate Park, Building 400, Suite 300, East Windsor 08520; 609-918-2500; fax, 609-918-1328. Julian Onorato, CEO. Home page: www.expertplan.com.