Patriot Media Consulting, a branch of the firm that bought the New Jersey sector of RCN’s struggling cable enterprise in 2006, has relocated from 2 Research Way to 650 College Road East, where RCN Telecom Services has just signed a 19,000-square-foot lease.
The move ends a four-year absence of RCN, which once operated a 525-person location in the Carnegie Center before it fell into bankruptcy and eventually moved out in 2007. The company’s operations moved to its headquarters inVirginia.
In August RCN was acquired by ABRY Partners, a Boston-based private equity firm that specializes in media companies, for $1.2 billion.
As part of the deal ABRY split RCN’s residential and business services into separate, standalone businesses — RCN Telecom, the company’s traditional cable, voice, and data component, and RCN Metro.
RCN Telecom will deliver all-digital and high-definition video, high-speed internet, and premium voice services to residential and small-medium business customers under the brand names of RCN and RCN Business Services, according to a statement by Aegis Property Group announcing the lease.
James Kinzig and Kim Harris of Philadelphia-based Aegis represented the landlord, BPG Properties Ltd., in the signing.
The RCN signing, according to Aegis, brings the 168,000-square-foot building at 650 College Road to 98 percent capacity.
#b#Patriot Media Consulting#/b#, 650 College Road East, Suite 3100, Princeton 08540; 609-452-1946. John Gdovin, director of operations. www.patriotmediaconsulting.com.
