#b#500K Lease Signed#/b#
Kenco, one of the largest family-owned and privately held third-party logistics firms in the country, has signed a lease for 500,000 square feet (more than half of the building) at 100 West Manor Way in Robbinsville. The location is Kenco’s third in New Jersey. It also has warehouses in Avenel and Cinnaminson.
According to CB Richard Ellis, which brokered the deal on behalf of Kenco, the warehouse is part of a 900,000-square-foot industrial warehouse building that features 120 loading docks. Kenco is the sole tenant at 100 West Manor Way, which was built in (and has remained unoccupied since) 2007.
Founded in Tennessee in the 1940s, Kenco has developed into a national firm providing supply-chain services for the transportation, real estate management, and material handling equipment industries.
The team of Mindy Lissner, William Waxman, and Stacey Weinberg of CB Richard Ellis represented Kenco in the transaction. Charles Fern of Jones Lang LaSalle represented the owner of the building, Principal Financial Group Inc. Kenco will be moving in over the coming weeks.
Kenco, 100 West Manor Way, Robbinsville 08691; 800-758-3289. www.kencogroup.com
Princeton Plasma Physics Laboratory, Princeton University, James Forrestal Campus, Box 451, Princeton 08543-0451; 609-243-2000; fax, 609-243-2751. Stewart Prager, director. www.pppl.gov
The Lyman Spitzer Building, the main administration building at the Princeton Plasma Physics Laboratory, has been certified LEED gold by the U.S. Green Building Council. According to Adam Cohen, PPPL’s deputy director for operations, the lab (which is managed by Princeton University on behalf of the federal Department of Energy) spent nearly three years transforming the Spitzer building into a greener and more energy-efficient structure.
The building originally was constructed in 1981 and named after PPPL’s founder, Lyman Spitzer Jr., a pioneer in magnetic fusion energy research who conceived a large-scale observatory that became the Hubble Space Telescope.
According to PPPL, the lab reconfigured maintenance and cleaning issues (including chemicals used) to be a fully bio-based cleaning program. The lab also developed recycling programs, exterior maintenance programs, and systems upgrades that would meet Green Building Council standards. There also were several improvements to the heating, ventilating, and air-conditioning systems, as well as to lighting and building automation systems.
According to the lab, the improvements included the installation of LED exterior lighting to pathways and entrances, low-flow and sensor water fixtures, and enhanced ventilation systems and controls.
The age of the Spitzer building increased the challenge, says Keith Rule, the head of environmental projects at PPPL. “It is definitely more difficult to get LEED certification for an older building. Our main concern was energy efficiency.”
Rule sees the effort as part of the overall green picture. “When people carpool, recycle, save water and electricity, or buy a green product, they are contributing toward a green building and a green laboratory,” he says.
Johnson & Johnson (JNJ), 1 Johnson & Johnson Plaza, New Brunswick 08903; 732-524-0400; fax, 732-214-0332. William C. Weldon, chairman & CEO. www.jnj.com
A state court in South Carolina has ordered Johnson & Johnson to pay $327 million in civil penalties to that state for what it concluded was improper marketing for J&J’s antipsychotic drug Risperdal.
According to the court, J&J repeatedly violated consumer-protection laws by sending nearly 7,200 “dear doctor” letters in November, 2003, claiming that Risperdal was superior to its rivals.
Holtzbrinck Publishers, 300 American Metro Boulevard, Hamilton 08619; 609-588-6750. Mike Saltzman, marketing director. www.bfwpub.com
Holtzbrinck Publishers, a division of Bedford, Freeman, and Worth Publishers, has moved its sales office from Cedarbrook Drive in Cranbury to the American Metro Center in Hamilton.
Publishers Circulation Fulfillment Inc. (PCF), 745 Alexander Road, Princeton. www.pcfcorp.com
Publisher’s Circulation Fulfillment, distributor of newspapers for the Star-Ledger and the Times of Trenton, has left its distribution site on Alexander Road. The company can now be reached in Rockleigh at 201-750-5200.
Quintegra Solutions Inc., 600 Alexander Road, Suites, Princeton www.quintegrasolutions.com
Quintegra, an India-based computer technology services firm, appears to have closed its sales office on Alexander Road. The company can be contacted in California at 408-260-7342.
James Butera, 67, on June 7. He was a managing director at Educational Testing Service for more than 30 years.