Lose a ballfield, gain a building.
The owners of the Bank of America building at 301 Carnegie Center have obtained site plan approval for a three-story building at Carnegie 300. This site, between the bank and the Kiddie Academy daycare center, is now a playing field and has 700 feet of frontage along Route 1.
J. Robert Hillier designed the bank building, one of the landmark buildings in the Route 1 corridor. The new 84,000 square-foot building will also be designed by Hillier architects and will have 310 parking spaces.
The developer, Carnegie Investors LLC, is a subset of Berwind Property Group (BPG Properties Ltd.), which also owns 301 Carnegie Center. Another entity of Berwind bought the Technology Center of Princeton (the former Lucent property) last year.
Trammell Crow Company, represented by Karen Iman at Alexander Park, has the leasing contract.
West Windsor's site plan review advisory committee gave its approval to the plan on November 14, and the next stop is the planning board. The township gave preliminary site plan approval in 1986.
Mitch Leon Sells Company
A medical communications firm that likes to fly under the radar, even as it prospers, expanded within Research Park, its headquarters for 12 years. Mitchell A. Leon sold DesignWrite Inc. and its sister company, PharmaWrite LLC, to a New York-based private equity firm last April.
The Wicks Group of Companies bought DesignWrite Inc. and its sister company, PharmaWrite LLC, last April. PharmaWrite moved to 152 Wall Street, and DesignWrite's headquarters is at 175 Wall Street.
The new owners, the Wicks Group of Companies, installed Rosie Lynch as president. Lynch is a 1990 graduate of Rutgers' Ernest Mario School of Pharmacy and had worked for Schering.
The firm grew from five employees to a 100-person staff of science writers, editors, and project managers. DesignWrite and its sister company, PharmaWrite, stage scientific meetings, support products by promoting trends in diagnosis and therapy, and carry out product launch and market expansion programs.
Leon and Linda Sullivan had founded DesignWrite at Research Park in November, 1993. Leon, a graduate of Columbia's journalism school, had been creative vice president at Symedco, a medical symposia firm on Research Way that won an Inc. magazine award for fast growth in 1990 but filed for bankruptcy in 1993 amid considerable controversy.
Leon was famously reticent to talk to reporters. When reporters called DesignWrite on several occasions over the past decade, staff members would refuse to give their names, saying, "We don't want any articles written about us. Our clients know where to find us."
Craig Battle of Nassau Street-based Tucker Capital Corporation represented DesignWrite in this transaction. "He and I had been talking about it for years and the time seemed to be right," says Battle, who has been friends with Leon and Sullivan for decades. Tucker Capital is a 23-year-old Nassau Street-based investment banking boutique that focuses on advising companies in the publishing, media, and catalog industries. Wicks was advised by Berkery, Noyes & Co. The purchase price was not disclosed.
The new owners, the Wicks Group of Companies, manage money for institutions. The 16-year-old group acquires middle market companies in the communications, information, and media areas.
"Mitch sold it to Jobson Medical Information, which is owned by Wicks," says Matt Gormly, a 1981 alumnus of Hampden-Sydney College who is one of three managing partner at the group. He calls the Princeton office "a very smart, talented group of people. Their business didn't change. They are very good at what they do."
Also in the Wicks family of companies are Wicks Medical Information, Medical Education Consultants LLC. Jobson Publishing. According to a press release, "The combination of these three companies will make WMI one of the leading medical information providers in the U.S."
DesignWrite Inc. 175 Wall Street, Princeton 08540; 609-924-1116; fax, 609-924-6648. Rosie Lynch, president. Home pages: www.dwrite.com.
PharmaWrite Inc., 152 Wall Street, Princeton 08540; 609-924-4856; fax, 609-497-0136. www.pharmaw.com.
Lander Buys Mr. Bubble
Lander Co. Inc. (ICU), 2000 Lenox Drive, Suite 202, Lawrenceville 08648; 609-219-0930; fax, 609-219-1238. Joe Falsetti, chairman and CEO. Home page: www.lander-hba.com
Lander Co., which distributes private label health and beauty products for discount stores, paid $57 million for a group of Playtex Products brands in October. Lander is headquartered on Lenox Drive and has distribution facilities in Binghamton, New York, and Toronto, Ontario.
The parent company of Lander, Cenuco Inc., paid for this acquisition with a $65 million financing led by Prentice Capital Management LP and Highgate House Funds.
The brands include Baby Magic, Tussy, Binaca, Mr. Bubble, Tek, Dentax, Chubs, Dorothy Gray, and Better Off.
"The acquisition of these brands from Playtex is an exceptional opportunity for our company to leverage its current infrastructure to create substantial operational efficiencies and build on our strategy of expanding in the premium value category," said CEO Joseph A. Falsetti in a press release.
Cenuco's wireless technology division develops wireless video monitoring solutions for real-time streaming video of security cameras or video content feeds to a cellphone or other wireless device www.cenuco.com).
Lifetime Hoan Corporation (LCUT), 12 Applegate Drive, Northeast Business Park, Robbinsville 08691; 609-208-1500; fax, 609-208-2598. Craig Phillips, senior vice president. Home page: www.lifetime.hoan.com
Matrix Development Group will enlarge a warehouse it built for a housewares distributor, Lifetime, on Applegate Drive in Northeast Business Park. On November 11 Matrix announced it had obtained approvals for an additional 147,000 square feet from the Cranbury planning board. The current space, 550,000 square feet, has 140 full-time employees plus about 100 temporary workers.
In July the Long Island-based distributor bought Pfaltzgraff, a dinnerware and tabletop firm, for nearly $38 million, and in September it spent $14.2 million to buy some brands of Salton Inc., including the license to market Calvin Klein and Stiffel products. Among the other products distributed here are such brands as Baker's Advantage, Block, Cuisinart, Farberware, Gemcor, Hoan, Hoffritz, KitchenAid, Nautica, and Sabatier.
"The expansion of the Lifetime Brands facility confirms that the 7A market continues to thrive as a prime location for light industrial space," said Alexander B. Taylor, COO, Matrix Development Group, in a press release.
International Fund Services LLC, 155 Village Boulevard, Suite 203, Princeton 08540; 609-419-0032; fax, 609-419-0117. Caryn Spector, director. Home page: www.imsi.com
As planned, International Fund Services moved from 136 Main Street to 3,725 square feet on Village Boulevard. Before that it was located at 500 College Road at the home of its parent company, State Street. It is the satellite
office for a hedge fund administrator, a division of State Street Bank and Trust, and it has an office in Ireland, says Caryn Spector, a 1998 graduate of Marist College in Poughkeepsie, who is a director, as is So Jung Ling.
Laser Energetics Inc., 3535 Quakerbridge Road, Suite 700, Mercerville 08619; 609-587-8250; fax, 609-587-9315. Robert D. Battis, founder, president and CEO. Home page: www.laserenergetics.com 631-4044.
Laser Energetics expanded with a move within the same complex to 5,000 square feet in Suite 700. About 12 people work at the 14-year-old firm. The firm builds alexandrite lasers and laser systems for industrial, military, scientific, and medical applications.
The firm has a new type of diode-pumped alexandrite laser that has remote sensing applications to detect chemical and biological warfare agents using laser radar. Industrial applications are for marking and materials processing.
Also new, a white laser light emitter that consists of a new microchip green and blue laser combined with a red laser to give out white laser light. "We just received a large order, for 15 of these lasers from Canada," says CEO Robert Battis.
"Our new microchip green laser has military applications in laser dazzling, as a nonlethal weapon used to disarm enemy combatants without killing them. It temporarily blinds and incapacitates someone. Ours is one of the smallest available, and it can be made into a compact pistol," says Battis.
Robert Wood Johnson University Hospital Hamilton, 1440 Lower Ferry Road, Ewing 08618; 609-631-6828; fax, 609-631-6836. Home page: www.rwjhamilton.org.
Robert Wood Johnson Hamilton Rehab has just opened a new office in the same building as PEAC Health and Fitness (Pennington Ewing Athletic Club.) The facility offers services in physical, occupational, and speech therapy; occupational health; and urgent care. Radiology equipment supports the urgent care facility, which treats small injuries and nonemergency conditions.
KFS & Associates, 421 North Main, Evansville, Indiana 47711; 812-424-3333; fax, 609-688-9993. Kay Forbes-Smith, president. Home page: www.kfsassoc.com
After three years in Princeton, Kay Forbes Smith closed a satellite office of her ad agency at 372 Wall Street. The headquarters office remains in Evansville, Indiana.
PJ Kids, 609-919-1818; fax, 609-919-1882. Home page: www.pjkids.com
The children's furniture and accessories has closed its 5,000-foot headquarters at Princeton Service Center. The telephone does not answer and the intellectual property is for sale at the website. Founded in 1995, it imported its wares from the Far East and has accounts at both big stores, like JC Penney, and boutique shops.
Plus NJ, 44 Chestnut Avenue, Merchantville. 856-662-4900. Denise Chalk, director clinical service. Home page: www.plusnj.com
The day care and rehabilitation center for those with brain injuries closed on Princess Road and moved to South Jersey.
Princeton Scientific Laboratories, 4105 Route 1, Suite 10, Box 297, Monmouth Junction 08852-0297; 732-329-4560; fax, 732-329-5665.
Michael Fatigante moved his lab to Virginia in early March but did not provide an address. He does bacteriological testing for the cosmetic and food industries.
GL Raffaelli Engineering, 122 Washington Street, Box 199, Rocky Hill 08553; 609-924-4300; fax, 609-683-7819. Gaston Lawrence Raffaelli, owner.
The engineering company moved from 5 Crescent Avenue in Rocky Hill's Princeton Business Park to another address in Rocky Hill. Founded in 1971, the firm designs and engineers municipal swimming pools and recreational facilities.
The Spencer Group Inc., 732-560-7111. Gordon W. Spencer, president.
Gordon and Susan Spencer have left a shared office space at Research Park and moved to an undisclosed address. The company focuses on product acquisition for major retail chains and management advisory service relative to the apparel industry.
Tenlane Synthesis, 7 Nottingham Road, Edison 08820; 732-763-9182; fax, 732-906-8201. Home page: www.tenlanesynthesis.com
Tenlane Synthesis moved from 7 Deer Park Drive, Suite M-5, to Edison. Phone and fax are new. This research and development company focuses on custom synthesis, contract research, and plant manufacture.
Avebe America Inc., Home page: www.avebe.com
After more than a decade in Princeton, Avebe America's activities have been moved from 4 Independence Way and 305 College Road East to Germany. The firm manufactures food starch. The new address is AVEBE European Sales Centre GmbH, Postfach 1245, 40644 Meerbusch, Germany, Phone: 49-21-59-52-420.
Intermediary Insurance Services Inc., Lawrenceville 08648. Christopher J. Hutton, president.
The 1009 Lenox Drive location for the insurance services firm moved earlier this year to Doylestown, the northeast regional office. Phone: 215-345-5105.
Source One Personnel Inc., 2 Carnegie Road, Lawrenceville 08648; 609-895-9700; fax, 609-895-0577. James Radvany CPA, owner. Home page: www.source1personnel.com
Stratus Services Group, 2 Carnegie Road, Lawrenceville 08648; 609-883-3000; fax, 609-883-8344. Marilyn Mangone Stoddard. www.stratusservices.com
Source One Systems Solutions, 2 Carnegie Road, Lawrenceville 08648; 609-895-9700; fax, 856-309-7900. Rich Carpenter, Home page: www.source1sys.com
Stratus Services Group merged with Source 1 Personnel and moved to 2 Carnegie Drive. Also at the Source 1 headquarters here is a division of the firm that does computer networking. It also has an office in Gibbsboro.
Stratus Services Group focuses on administrative, accounting, information technology, light industrial/warehouse and human resources staffing - temporary, permanent, and temp to term.
Edward Jones Investments, 108 Straube Center Boulevard, Suite I-17, Pennington 08534; 609-818-1682. Alex Jenkins, investment representative. Home page: www.edwardjones.com
The brokerage office has moved from 145 Route 31 North to the Straube Center. The phone number is new.
Out of Business
Communications Media for Education Inc., 540-368-3057. Douglas J. Filler, president. Home page: www.cmeglobal.com
Communications Media for Education has moved from 51 Everett Drive in West Windsor and gone out of business. It was a medical communications and information services for physicians and healthcare professionals supporting the pharmaceutical and medical equipment industries.
International Book Marketing Ltd., 234 Nassau Street, Princeton 08542-4624; Allan Lang, president.
Allan Lang closed his book publishing business and retired to Durham, North Carolina, his wife's hometown.
Ferdinand W. Roebling III, 95, on November 15. The great grandson of John A. Roebling, the designer of the Brooklyn Bridge, he was a senior vice president at John A. Roebling Sons.
Robert F. Strickler, 87, on November 18. A meteorologist, he had worked at the Geophysical Fluid Dynamics Laboratory.
Janice C. McBurney, 76, on November 19. She owned and operated the Country House store in Hopewell and A La Mode on Witherspoon Street in Princeton.