Karen Colimore is the new president and CEO for the Princeton Regional Chamber of Commerce. Known in Princeton for her work with the SERV Centers of New Jersey and Cancer Care of New Jersey, she was most recently senior director of major gifts for New York University's Medical Center.
To take the position, Colimore is giving up a tuition rebate for her 21-year-old daughter, a student at NYU. But, says Colimore, "this is my dream job. This is the job I always thought I could really do well." She will relocate to Princeton from Bergen County.
A native of Baltimore, where her father had his own business and her mother worked in retail, she ran her own catering business after high school. She moved to California to major in psychology at the University of California at Santa Cruz, then to New Haven, where she worked as a research assistant at Yale. Her next three jobs were in New Jersey: at New Jersey Network in membership development, at SERV Centers as president of the SERV Foundation and vice president of fund development, and as executive director of Cancer Care of New Jersey.
"It's a perfect opportunity to blend and use my past experience both as a senior manager in the nonprofit sector and as a business person," says Colimore.
Colimore succeeds Kristin Appleget who left the 46-year-old chamber in May to be director of community and regional affairs at Princeton University.
"Karen Colimore is an extraordinarily talented leader," says Karen Jezierny, chair of the chamber's board of directors. "Her roots in the Princeton region combined with her successful track record of senior-level management experience with large and growing not-for-profit organizations makes her the ideal person to lead the Princeton Regional Chamber of Commerce at this point in our history."
Colimore starts her new job after Labor Day.
Princeton Regional Chamber of Commerce, 9 Vandeventer Avenue, Princeton 08542; 609-924-1776; fax, 609-924-5776. www.princetonchamber.org
Sproviero Sells Shared Offices
Steve Sproviero has sold his two shared office facilities, Office Concierge and Carnegie Executive Center, to a multi national firm, the Regus Group. Now Regus owns four out of seven shared office facilities in Princeton.
Steve and Alice Sproviero had opened their first facility, Office Concierge, in the Princeton Pike Corporate Center on Lenox Drive, in 1992. It had 24 rentable offices plus support staff and conference rooms in 6,500 square feet. They operated at 100 percent occupancy and expanded several times. With the most recent expansion, to 20,500 feet, they had added a video conferencing room and the option of semi-private work stations. Later they bought Carnegie Executive Center.
The remaining shared office facilities in Princeton are DJ Office Center at Research Park, founded in 1992; Princeton Office Gallery at 5 Independence Way, founded in 1986; and Daily Plan It, founded in 1996 and owned by the not-for-profit Community Options on Farber Road.
Regus, the world's largest provider of outsourced workplaces for companies of any size, was founded in Great Britain by a baker, Mark Dixon, who had had a difficult time finding a temporary office. The company went public in 2000 and now has 750 business centers in 60 countries. Regus operates a center under its own name at Princeton Overlook, plus HQ at Forrestal Village.
Dawn Stillwell, formerly manager of the East Brunswick Regus site, will be general manager of the two new Princeton sites. The sites will retain their names but get upgraded IT services and cosmetic changes, such as paint, carpenting, and signage, which will retain their names. All but the Carnegie Executive Center offer video conferencing. Each location has its own price list, driven by location and demand. Identity packages (virtual offices) at Office Concierge are listed on the website for $118 or $190.
"There is always room for the Wal-Marts, but there is also a need for specialty niche markets that serve the community," says Robert Stack, CEO of Community Options, the Farber Road-based nonprofit that owns the Daily Plan It Executive Center at 707 Alexander Road. Though the Daily Plan It pricing is similar to Regus' pricing, Stack points out that his tenants are helping to employ people with disabilities. "I have yet to see any publicly owned company that caters to the needs of those with severe disabilities like the Daily Plan It."
Diane Morrison, owner of D/J Business Service/Office Complex at Research Park, says she is not worried about the competition from Regus takeovers. Says Morrison: "We're in a different area, and our price point is much lower."
Her 25-year-old shared office business has six employees and 20,000 square feet, allowing for 80 spaces and four conference rooms. She runs at an 80 percent vacancy rate. Cubicles start at $350 monthly, offices at $400. Identity packages start at $65 or $125.
"The Regus acquisition is a business deal rather than a real estate deal," says Jerry Fennelly of NAI Fennelly. "They are well-run operations, which is good for the market place. For the small tenant, it is a good supply line for space that is hard to find."
Office Concierge Inc. (RGUL), 993 Lenox Drive, Building Two, Suite 200, Lawrenceville 08648; 609-895-2999; fax, 609-895-2666. www.officeconciergeinc.com
Carnegie Executive Center (RGUL), 212 Carnegie Center, Suite 206, Princeton 08540; 609-452-0160; fax, 609-520-8731.
The Research Collections & Preservation Consortium (ReCAP), 400 Forrestal Road, Princeton 08540; 609-258-3388; fax, 609-258-7633. Eileen Henthorne, executive director. recap1.princeton.edu/about/general.html
The library materials storage facility on Forrestal Road plans a $13 million expansion. To the current buildout of 60,000 square feet, a 26,000-foot storage model will be added.
Bob Rittenhouse of Aegis Property Group will be the project manager. He majored in chemical engineering at Rensselaer Polytechnic Institute, Class of 1981, and has an MBA from the Wharton School. He expects the project to break ground later this year and open early in 2008.
The ReCAP facility, a joint venture between Princeton University, Columbia University, and the New York Public Library, provides storage in an exceptionally high-tech environment with easy, secure access to the materials. ReCAP could potentially expand to 218,820 square feet of storage with space for 37.5 million library items.
Linden Oak Builders, 3371 Route 1, Lawrence Commons, Suite 112, Lawrenceville 08530; 609-581-8477; fax, 609-581-9432. Al Imhof, owner. www.lindenoak.com
Linden Oak Builders, a general contractor for office interiors, retail stores, and medical offices, moved in June from 500 square feet at 120 Route 156 in Yardville to 1200 square feet in Lawrenceville. Owner Al Imhof says he wanted to get closer to his construction clients, but that the company does not have an aggressive growing plan: "We are growing slowly and trying to improve our services."
Mapes and Ross, A Division of Roy Morgan International, 349 Wall Street, Princeton 08540-1583; 609-924-8600; fax, 609-924-9208. Thomas Hall, COO. www.mapesandross.com
The market research firm moved down the road at Research Park, from 176 to 349 Wall Street. Focusing on marketing and advertising research, the company originated the natural exposure persuasion and recall copy testing systems.
Space Studies Institute, 707 Alexander Road, Suite 208, Box 82, Princeton 08542-0082; 609-921-0377; fax, 609-921-0389. Bettie Greber, executive director. www.ssi.org
The Space Studies Institute moved from 5 Crescent Avenue in Princeton Business Park to shared office space at the Daily Plan It at 707 Alexander Road.
Founded in 1977, it has a four-person staff. The private, nonprofit organization works to open space frontiers and encourage research into and development of materials and energy abundant in space.
Radio Shack, 4095 Route 1 South, Suite 4, South Brunswick Square, Monmouth Junction 08852; 732-329-8220; fax, 732-329-8221. Nicholas Lucas, manager.
The Radio Shack in Monmouth Junction has closed.
Land Quest Title Agency Inc. (LQ), 600 Alexander Road, Princeton 08540; 609-419-0100; fax, 609-419-0697. Marie D. Gilleo, president.
Land Quest Title Agency has apparently moved out of its offices at 600 Alexander Road. Although the phone number is still listed, no one answers.
Diane Fernandes, 77, on August 15. She had been a member of the U.S. 1 delivery team for 10 years.
Candace C. Johnson Stephan, 51, on August 19. She was a review analyst at the Quakerbridge Road office of the state department of human services.
Dimitri Z. Garbuzov, 65, on August 20. A physicist, he worked at Princeton University, Sarnoff Corporation, and Princeton Lightwave.