For 70 years Lawrence Township has had plenty of banks, but not a community bank. A new community bank, First Choice Bank, has taken over the former Fleet Bank building on Whitehead Road, just north of the Brunswick Circle, and it held its grand opening on Saturday, March 31.
“We were thrilled with the community support and turnout from residents of Lawrence and Mercer County,” says CEO Randy Hanks. Hanks has moved his office to the branch, where there are 11 staffers, including CFO Nick Frungillo; Jim Bortolotti, executive vice president and chief lending officer; and Gary Rossi, the branch manager.
Instead of giving away toasters, the bank set up a drawing for 12-months’ worth of groceries at Wegman’s, dinner for two every month for a year, or a suite for a Trenton Thunder game. “And if anyone comes in between now and June 30, we offer $50 to jumpstart your statement savings, money market, or interest bearing checking,” says Rossi. Another offering is a 14-month CD that pays 5.5 percent. “We’re giving you the bread rather than the toaster.”
Rossi is a homegrown banker who, having worked in both big banks and small banks, prefers the smaller size. His parents were among the early employees at Educational Testing Service, in the days when it had its office at 20 Nassau Street. He and his two siblings went to Lawrence High School, and he graduated from Seton Hall in 1974. After teaching at McCorristin High School for a couple of years, he joined the teller line at the National Bank of Princeton at Nassau and Witherspoon streets, working his way up until he was branch manager of the Princeton Pike office. At that point it was United Jersey Bank, and he left just before it was bought by Summit.
For five years he had a retail sales job at a friend’s tile, granite, and marble store in Horsham, Pennsylvania. Then he came back to a regional bank, Sun National, which has 72 branches and a little more than $3 billion in deposits, managing the branch in the village of Lawrenceville.
Rossi and his wife, Judy, live on the campus of the Pennington School, where she is the director of residential life. Their youngest child is a junior at that school, and they have two in college.
Hanks enticed Rossi from Sun National, where he had been for almost five years, because of the chance “to get in on the ground floor of a new bank and to be able to make decisions,” says Rossi. “It’s been a great opportunity so far. We’re going to offer personalized service that others don’t have at this time.”
Hanks, the son of a U.S. Army sergeant who won a Bronze Star in Vietnam, graduated in 1988 from Rider University and began working for what was then called New Jersey National and is now Wachovia. He and his wife, who coincidentally is also named Judy, have one son.
When he was director of business banking at Wachovia, Hanks met the movers and shakers who have invested from $50,000 to $200,000 in the new bank. Of the $6 million required to open a new bank, the organizers must contribute at least 25 percent, or $1.5 million. They invested $1.9 million, and the bank doubled the minimum needed by raising a total of $12.1 million from individuals and small business owners in the area.
The organizers: Herbert Ames, former county economic development director and now with the Devin Group; Steven Doerler of Doerler Landscapes; Nancy Dudas of Innovative Commercial Interiors; Geoffrey Morsell of Sharbell Development; Matthew Pribila of WithumSmith+Brown; James Radvany of Source One Services; Luis Rivera of Avila Construction; Munish Sood of Princeton Advisory Group; Charles Stines of KQI Marketing Group; and Richard Weise of Xerographic Document Solutions.
Also investing are Gregory Blair of Nottingham Insurance; David Fried of Tricor and also the mayor of Washington Township; Michael Mann of Pepper Hamilton; and Gregory Scozzari of the construction firm V.J. Scozzari and Sons.
“We believe that Mercer County is a vibrant, bustling region with tremendous room for growth,” says Hanks. The next newest bank in Mercer County, Hopewell Valley Community Bank, has six locations after seven years.
First Choice Bank, 669 Whitehead Road, Lawrenceville 08648. 609-989-9000; fax, 609-631-8803. Randolph Hanks, president and CEO. Gari Rossi, branch manager. Home page: www.firstchoice-bank.com
Out of Incubation: Princeton’s New Community Bank
On the day that First Choice had its grand opening, another new community bank, the Bank of Princeton, was moving from incubation space (in Arlington Capital on Witherspoon Street) to 4,000 square feet at 21 Chambers Street. Peter Crowley, the CEO, says that he closed the bank’s capital raising phase on February 28 with a total of $30 million.
The incorporators at the Bank of Princeton include: Stephen Distler, Ross Wishnick, Andrew M. Chon, Peter M. Crowley Richard Gillespie, John Horvath, Kevin R. Kenyon, Janet Lasley, Robert N. Ridolfi, Jeffrey Sands, Gregg Chaplin, Bumsung Han, W. Andrew Krusen Jr., Emmett J. Lescroart, Dennis Machulsky, Casey. K. Min, J. Scott Needham, Henry Opatut, James Riley, and Eric Steinfeldt.
The Bank of Princeton plans to open on Monday, April 23, with the grand opening scheduled for Thursday to Saturday, May 3 to 5. Soon after that it will open the second location, to be the headquarters, on Bayard Lane.
The Bank of Princeton, 21 Chambers Street, Princeton 08542-3719; 609-921-1700; fax, 609-921-8350. Peter M. Crowley, CEO. www.thebankofprinceton.com
Winners: Patriot, Treadstone, HMGene
At the NJTC Venture Fair, held at the Palace in Somerset last Friday, close to five dozen emerging companies had the opportunity to make brief presentations in a room full of potential investors, and to have more in-depth discussions at booths in the exhibitor area.
More than 600 people attended, and 16 prize-winners emerged. Of the half-dozen Princeton-area entrepreneurs participating, three were among those singled out in the closing ceremonies. Patriot Defense Systems, based on Lenox Drive, won the award for “Best Consumer Technology Company,” while Treadstone Technologies, now located in Sarnoff’s building, notched the “Best Clean Tech Company” award. HMGene, which has space at the New Jersey Technology Center in North Brunswick (see page 45), won Best Biotechnology Company.
Patriot Defense has a license to build and market a military-grade air filter that lets homeowners protect their families against toxic chemicals released, either by accident, or by terrorist attack.
New Jersey homes are particularly vulnerable to such an attack. Nationally, the Environmental Protection Agency has listed some 15,000 chemical facilities that produce, use or store large quantities of hazardous chemicals. The Department of Homeland Security, using a different methodology, has identified 3,400 facilities that could potentially affect more than 1,000 people if attacked, and nearly 300 chemical facilities where a toxic release could potentially affect 50,000 or more people. At eight plants in New Jersey, a worst-case release of toxic chemicals could threaten more than a million people.
If a Bhopal-type catastrophe were to occur in a densely-populated state such as ours, evacuation may not be an option. Sections of the Route 1 corridor have chemicals adjacent to commuter rail traffic, tunnels, and office buildings. In the event of airborne toxins being released, the preferred solution is to protect human life and safety where people are located at the moment of crisis, the “shelter in place” approach.
Thus there is a growth market for protected enclosed environments in homes, workplaces, safe rooms in public venues, and civilian vehicles. The technology to create these havens — safe from chemical, biological, radiological and nuclear (CBRN) toxins — has started to be deployed in non-military applications.
The room pressurization device, called the Patriot Defender (PD), is licensed from Hunter Manufacturing Company, based in Solon, Ohio. Hunter has adapted its military-grade air filtration technology into a line of commercial Homeland Security CBRN filtration systems. These systems are designed with high efficiency particulate air (HEPA) filters impregnated by an activated carbon adsorbent known as ASZM-TEDA. Filters based on as ASZM-TEDA carbon can effectively remove a wide variety of airborne toxins.
The Patriot Defender can be installed through either a wall or a window to the exterior or a common area of a structure. It processes air contaminated by a wide range of CBRN particulates and gases, purifies the air to meet military specifications, and then produces a large volume of air flow and pressure to the living space. This allows the user protection of the living space without extensive structural changes to the room to be protected.
Extrapolating from battlefield-grade tests performed at the U.S. Army’s Edgewood Chemical Biological Center in Maryland, the $4,000 Patriot Defender is said to confer several weeks of protection.
Patriot Defense Systems is owned by Rich and Peter De Rosa of Greenbrook. Rich De Rosa, the CEO, grew up in Harrison, New Jersey. He maintains a residence here, but moved to Ohio 12 years ago to run Maximum Throughput Technologies (MTT) of Akron. MTT specializes in products designed to extract fibers, chad, powder, heat, odors and other contaminants from continuous-feed printers, to minimize down time and repair expenses. Peter De Rosa is the owner of JOST Financial in Warren. Robert Hockenberry, co-inventor with Rich De Rosa of the Patriot Defender, handles manufacturing of the PD through his company, Accuform Manufacturing of Youngstown, Ohio.
The firm has five full-time employees and is currently located in the offices of Fox Rothschild at 997 Lenox Drive. The owners have not decided where to the permanent headquarters should be, but one option is the incubator at the New Jersey Technology Center incubator on Route 1 South in North Brunswick.
Patriot Defense Systems, 997 Lenox Drive, Building 3, Lawrenceville 08648-2311; 888-629-0021; fax, 330-666-2707. Rich deRosa, CEO. www.patriotdefender.com
Treadstone has a corrosion resistant metal plate technology, used in fuel cell stacks, which are a component of fuel cell power sources. Fuel cells can be used in big systems, such as a utility power station, and in small ones, as small as a laptop computer.
Fuel cells qualify as “clean energy” because they produce minimum amounts of greenhouse gases and they don’t pollute. If fuel cells use pure hydrogen, only water and heat are the byproducts. They make electricity by combining oxygen with hydrogen (or hydrogen-rich fuel).
Such is the background to what is being touted as the Hydrogen Revolution. The U.S. Environmental Protection Agency has cleared the way for automakers to produce hydrogen-powered fuel cell cars to meet zero-emission vehicle requirements in New Jersey and 10 other states. According to the trade newsletter Fuel Cell Today, published in the United Kingdom, the fuel cell market experienced an impressive 67 percent growth rate in new units during 2006.
Treadstone offers a way to cut the weight of the most-often used fuel cell type, Polymer Electrolyte Membrane (PEM), which shares the fuel-cell market with Direct Methanol Fuel Cells (DMFCs). PEM units are the leading type of fuel cell being developed for transportation applications. Due to their fast startup time and favorable power-to-weight ratio, PEM fuel cells would be ideally suited for use in passenger vehicles. However Honda, GM, and other leaders in fuel cell research have struggled to bring cost-effective fuel cells to the automotive market.
PEM fuel cells have a weight problem. Typical fuel cell designs link together many individual cells to form a “stack” to produce a usable voltage. The largest and heaviest components of any stack are the separator plates, which provide the electrical series connections between cells and physically separate the oxidant flow of one cell from the fuel flow of the adjacent cell. The cost and weight of the separator plate, it could be said, is what separates the PEM fuel cells of today from widespread commercial acceptance.
Working as a research scientist at Sarnoff, Conghua “C.H.” Wang discovered a way to use off-the-shelf metal as the basis for a corrosion-resistant separator plate. His key innovation is an inorganic layer, protecting the surface of the metal plate from the corrosive environment in the fuel cell.
Wang’s invention has stirred excitement among experts from the fuel cell industry, due to its substantial weight/volume/cost advantages over graphite composites, currently the best available technology. The weight of a 900-pound graphite-based stack might be reduced by as much as 40 percent.
A new company was formed around the patent-pending technology, with Wang as VP and chief technology officer, and Gerald DeCuollo as CEO. With an undergraduate degree in chemistry and a masters degree in business, DeCuollo is a veteran of another alternative energy company, Hydrocarbon Technologies, a company involved in hydrocarbon processing and energy conversion. He was a part owner and vice president of business development there. Based on New York Avenue, that firm is now known as Headwaters Technology Innovation. At Sarnoff DeCullo had been responsible for business development activities in fuel cells and other alternative energy related technologies.
Wang has a doctorate from the University of Science and Technology Beijing (USTB), noted for its study of metallurgy and material science. When he came to the United States in the early 1990s, he worked as a research associate in the Department of Materials Science and Engineering at University of Pennsylvania. He joined Sarnoff in 2000.
Treadstone is still operating out of offices in the Sarnoff building on Washington Road, but will become a tenant of the ACIN Technology Center on the Camden Waterfront. The company anticipates between $500,000 and $1 million in revenue this year. As for the name of his new enterprise, DeCuollo explains that treadstone is an old English word defined as “destined for a great future”.
Treadstone Technologies Inc., 201 Washington Road, CN 5300, Princeton 08543-5300; 609-734-2368; fax, 609-734-2873. Gerald deCuollo, CEO.
Mercury Systems has moved from shared office space at 5 Independence Way to 2,400 square feet on the first floor of that building, and it has a new phone and fax. Founded in 1999 by James Tseng, it offers consulting and IT services to such clients as Munich Re America, Pfizer, Goldman Sachs, and Colgate Palmolive.
Sid Ponnuswamy, vice president, says that about two dozen consultants work at client sites, and six people are on Independence Way. Also on site, a training center for refresher studies.
Ponnuswamy, who is vice president, graduated from Madras University in 1995; his father is a former law professor who is now an education executive. He earned an MBA at the New York Institute of Technology in Vancouver and came to this country in 2006.
Mercury Systems Inc., 5 Independence Way, Suite 140, Princeton 08540; 609-243-0230; fax, 609-243-0235. James Tseng, president & CEO. Home page: www.mercurysystemsinc.com
Halberd Match has moved from the Trenton Business and Technology Center at 36 South Broad Street to 800 square feet on Bear Tavern Road.
Michael Shpuntov develops software and electronic devices for biometric identification. When he was on the cover of U.S. 1 on January 1, 2003, he was focusing on smart guns. Since his incorporation in 2005 he has concentrated on container transportation security.
Halberd Match Corp., 830 Bear Tavern Road, Suite 304, Trenton 08628; 609-882-7000; fax, 609-882-7000. Michael Shpuntov, president. www.halberdmatch.com
Suncraft Technologies Inc., 109 South Main Street, Suite 19, Cranbury 08512; 609-448-5491; fax, 609-448-5494. James Martin, sales representative. Home page: www.suncraft-tech.com
Suncraft Technologies, a web printing sales firm, moved from 2008 Eastpark Boulevard to South Main Street. The company’s headquarters is in Napier, Illinois.
Accurate Document Destruction Inc., 649 Whitehead Road, Lawrenceville 08648; 800-474-7332; fax, 609-586-8450. Stephen Mandarano Sr., general manager. Home page: www.accurateshredding.com and www.addiny.com.
A recycling service has moved from Industrial Drive in Trenton to Whitehead Road in Lawrence. Founded 12 years ago, it has 50 workers in 60,000 square feet. Brenda Perez is in charge of HR here. The company offers mobile and in-house document shredding. It is also an MCIA Class A recycling center (U.S. 1, December 28, 2005).
Atlantic Group, 70 South Main Street, Suite D, Cranbury 08512; 609-655-5328; fax, 609-395-1051. Patrick J. Henry, principal.
The Atlantic Group, urban development consultants, moved from 68 to 70 South Main Street. The group focuses on New Jersey, Pennsylvania, and national clients.
Criterium-Lockatong Engineers, 99 Kingswood Stockton Road, Building 2, Box 146, Rosemont 08556-0146; 609-397-4106; fax, 609-397-8774. Robert N. Roop, PE, president. Home page: www.criteriumlockatong.com
The engineering firm moved from South Main Street in Stockton to an address in Rosemont. When George Risha was with the firm, it was known as Criterium-Risha and had its headquarters in Monmouth Junction. It does residential, commercial, and industrial structural consulting, building evaluation, and inspections.
Feld Creative Inc., 426 Rhoads Drive, Belle Mead 08502; 908-431-7791; fax, 908-431-7791. Jim Feld, president, creative director. Home page:
Jim Feld moved from 314 Zion Road in Hillsborough to an address in Belle Mead. He has an animation studio that offers full service graphic design and illustration.
Hunt Construction Group Inc., 1095 Cranbury South River Road, Suite 5, Monroe 08831; 609-655-6100; fax, 609-395-1543. Mike Fratianni, vice president. Home page: www.huntconstructiongroup.com
The Arizona-based construction company moved from 214 Carnegie Center to Monroe Township. Mike Fratianni, whose home office is Indianapolis, is in charge of this office, which works on large commercial projects, such as the Mets stadium.
Makita U.S.A. Inc., 1075 Cranbury-South River Road, Suite 3, Dayton 08810-1539; 609-655-1212; fax, 609-655-1683. Hiroshi Tsujimura, vice president/general manager. Home page: www.makitatools.com
Makita U.S.A.’s repair shop has moved from 251 Herrod Boulevard to Dayton. The firm manufactures industrial-quality power tools and industrial accessories. It is headquartered in La Mirada, California.
National Junior Tennis League of Trenton, Box 951, Pennington 08534; 609-306-4027; fax, 609-730-8537. Daniel J. Faber, executive director. Home page: www.njtloftrenton.com
Daniel J. Faber, the first full-time executive director of the Trenton chapter of the National Junior Tennis League, has increased the staff of his organization to five people, but everyone works from their homes. Founded in 1975, it offers opportunities for inner-city children through tennis and education.
The Trenton chapter of this national program, which was the brainchild of Arthur Ashe, maintains year-round tennis clinics free of charge and provides academic tutoring, free tennis rackets, quality coaching, and other special programs.
Antares Pharma Inc. (AIS), 250 Phillips Boulevard, Princeton Crossroads Corporate Center, Suite 290, Ewing 08628; 609-359-3020; fax, 609-359-3015. Jack E. Stover, president and CEO. Home page: www.antarespharma.com
Antares Pharma, which is working on needle-free injectors and a transdermal gel delivery system, closed on a $10 million line of credit. Focusing on urology/women’s health, CNS, and generic biologics, the firm moved to Ewing from Exton, Pennsylvania. It has six products approved for marketing.
New Jersey Center for Biomaterials and Medical Devices, 145 Bevier Road, Piscataway 08854-8087; 732-445-0488; fax, 732-445-5006. Carole Kantor, associate director. Home page: www.njbiomaterials.org
Salvona LLC, 65 Stults Road, Dayton 08810; 609-655-0173; fax, 609-655-9291. Adi Shefer, president. Home page: salvona.com
The National Science Foundation gave a $600,000 two-year grant to the New Jersey Center for Biomaterials and Medical Devices, a multi-university consortium that works with New Jersey industry on development of new medical materials. The team will also partner with Dayton-based Salvona Technologies to evaluate the possible use of the hybrid polymers for the delivery of fragrances in personal care and other consumer applications.
The NSF wants to support the search for plant materials that can replace petroleum derived plastics. Scientists are supposed to develop hybrid materials by combining naturally occurring plant substances, such as starch from corn or potatoes, with synthetic degradable polymer biomaterials.
These materials might be used as cardiovascular stents, bone and tissue grafts, antiviral and antibacterial food packaging, or personal care products. They could be cost effective for consumers and profitable for American farmers.
“This project takes inspiration from George Washington Carver, whose lifework produced products from peanut and soy crops that revolutionized the economy of the South, freeing it from dependence on cotton,” said Joachim Kohn, the center’s director, in a press release. Kohn will work with Carmine Iovine, former vice president at National Starch and Chemical Company and now a Rutgers faculty member. The team will also include Michael Pazzani, Mikhail Chikindas, Kit Yam, and LinShu Liu.
Datan Inc., 96 Angen Road, Washington 07882; 609-921-6098; fax, 609-921-6731. Michael C. Stentz PhD, president. Home page: www.datan.com
A software services company has moved from offices at Tamarack Circle in Montgomery Knoll, and the five employees are working from their homes. The mailing address has changed, but the phone and fax remain the same, says Mickey Datan, the president. The company does custom services, special projects, and system building for data analysis. The services include market research, tabulating statistical analysis, and industrial surveys.
Johnston Associates Inc., 48 Elm Ridge Road, Pennington 08534; 609-737-0314. Robert F. Johnston, president. Home page: www.jaivc.com
Venture capitalist Robert F. Johnston has moved his office from 181 Cherry Valley Road to a Pennington address. Founding his firm in 1967, Johnston was one of the pioneers in venture capital and investment banking for biotech. He focuses on seed capital for healthcare and biotechnology and has $40 million under management.
D2 Signs, 2614 Whitehorse-Hamilton Square Road, Hamilton Square 08619; 609-587-6060; fax, 609-584-8884. John Famularo, owner. Home page: www.d2signs.com
An embroidery and screen-printing business has moved out of Hamilton Square. The phone is not operative.
edivise inc., 919-323-4321. Derek Smith, president. Home page: www.edivise.com
Derek Smith has moved his consulting business from 145 Witherspoon Street to Durham, North Carolina. He came to Princeton as the spouse of a student at Princeton Theological Seminary. He does custom software development and technical project management.
Genewiz Inc., 115 Corporate Boulevard, South Plainfield 07080; 732-828-8996; fax, 732-828-8790. Steve Sun, president. Home page: www.genewiz.com
In December Genewiz expanded, leaving its incubator space at the Technology Center of New Jersey on Route 1 South. The company was founded in a New York State incubator, near Columbia University. It does contract research in DNA sequencing, molecular biology, and protein biochemistry.
Harrison Career Institute, 1001 Spruce Street, Ewing 08628; 609-656-4303; fax, 609-656-4373. Home page: www.hci.edu
Harrison Career Institute, plagued by money problems, closed its 10,000 square foot campus in Ewing in January. Formerly known as the Star Technical Institute, it had classes for medical and business careers.
The school is negotiating with the U.S. Department of Education on whether it improperly used student financial aid.
TDK Systems Group Inc., 6 Millennium Drive, Columbus 08022; 609-890-0700; fax, 609-890-7766. Karen S. Dieterly, president and CEO. Home page: www.tdksystemsgroup.com
TDK Systems Group, a 10-year-old engineering firm, moved from 2277 Route 33 in Hamilton Square to Columbus. Steven Pinto is the human resources contact for this eight-person company. It offers security & access control, project management, consulting, and systems engineering & integration.
When it moved here, its main job was managing the installation of smart card readers for the state of New Jersey (U.S. 1, February 5, 2003). It qualifies as a woman-owned business.
Borek & Associates, 100 Overlook Drive, Second Floor, Princeton 08540; 609-375-2392; fax, 609-375-2001. Home page: www.borekassociates.com
Brett Cooper has left the law firm, Borek & Cooper, and the name has changed to Borek Associates. It has a general practice but focuses real estate law, particularly community association law.
Design Ideas Group Architecture + Planning LLC, 15 Bethany Street, New Brunswick 08901; 732-249-6242; fax, 732-247-1825. Jack A. Barker AIA RP, principal.
MRMARchitecture/Planning/Interiors has a new name and address. The 30-person full-service architecture firm focuses on institutional work — schools, hospitals, municipal buildings — and it has a total of 47 employees.
Morford & Dodds Realty Inc., 163 Nassau Street, Princeton 08542; 609-452-8880; fax, 609-924-9778. Home page: www.m-drealty.com
Robert Morford and Peter Dodds have changed the name of their commercial real estate firm.
Nerwinski and Dembar & Fox LLC, Counselors at Law, 600 Lawrence Road, Lawrenceville 08648; 609-530-9301; fax, 609-530-9304. Kevin P. Nerwinski, managing partner. Home page: www.nerwinskianddember.com
In January 1 Kevin P. Nerwinski and John V. Dember added a third partner, Lawrence Fox, to their firm. Fox, who focuses on bankruptcy law, majored in history at Hofstra in 1973 and went to Southwestern University School of Law in Los Angeles.
The three attorneys focus on personal injury, criminal, real estate, divorce, and general litigation.
Out of Business
F.E. Crispin & Associates, 3 Cedarbrook Terrace, Princeton 08540-7407.
Fred Crispin has closed his consulting firm.
TurboCare Inc., 4 Princess Road, Suite 204, Lawrenceville 08648; 609-896-0984. Home page: www.turbocare.com
The legal office of TurboCare, a turbine maintenance firm based in Massachusetts, has closed, due to a retirement.
Books NJ, 225 West State Street, Department of State Building. Home page: www.booksnj.com
A joint venture of the State Archives and Historical Commission is closing. It had non-fiction books, CDs, microfilms, broadsides, and videos relating to New Jersey.
Princeton Cooperative Nursery School, 4565 Route 27, Box 565, Kingston 08528; 609-924-0488. Shirley Heinsohn, director.
After 60 years, the cooperative nursery school will close on April 30.
Rhodes Educational Counseling, 353 Nassau Street, Princeton 08540; 609-683-0232. Daphne M. Rhodes, president.
Daphne Rhodes closed her educational consulting office and retired on January 1. She advised families on admissions to independent schools and colleges.
The Hinterlands Group, 21 Sayre Drive, Princeton 08540-5805; 609-734-0445. Edmund J. Moeller, principal.
Ed Moeller has retired and closed his firm. He did sales, marketing, and business database consulting.
Van Hise Agency, 160 Stockton Street, Hightstown 08520; 609-448-4250.
The real estate firm, the Van Hise Agency, has closed, due to the retirement of Richard Van Hise.
Albert Kemperle Inc. bought 100 South Melrich Road in South Brunswick Industrial Park from Gambro Renal Products Inc. for $3.64 million, or approximately $89 per square foot. The 40,865-square-foot industrial warehouse was built in 1976.
Gambro, meanwhile, doubled its space with a move to 90,000 square feet on Herrod Boulevard (U.S. 1, May 24, 2006).
John Horan of Coldwell Banker Commercial Feist & Feist represented the seller, and Kemperle, who is based on Long Island, represented himself. The family-owned firm wholesales paints and parts to body shops and it expects to move into the warehouse by the end of the year. The deal closed in December.
Karen A. Procaccini, 62, on March 24. She worked at Mercer County Community College in the aviation and camp college programs.
Michael A. Wasyl, 53, on April 1. A dentist, he had a practice on Tamarack Circle, at Montgomery Knoll.