#b#Lease Signed#/b#

Propack Data Corp., a software company, has leased 225,200 square feet in the industrial facility at 11 Commerce Court West in Cranbury. The company expects to move in this April and stay through at least 2014.

Charles Fern and Joel Lubin with Jones Lang LaSalle represented the landlord. Fern also represented Propack.

#b#Lambertville Office Sells for $4 Million#/b#

Diamond Silver LLC has sold the 31,000-square-foot office building at 24 Arnett Avenue in Lambertville to De Sapio Construction of Frenchtown for $4 million.

The building originally was a factory building, but has been almost fully occupied as office space since spring. Steve Darlington of Prudential Fox & Roach Realtors represented the seller. Jack Aquila of Re/MAX Competitive Edge represented De Sapio.

#b#Court To Cottage Club: You’re Too Late#/b#

The Princeton University Cottage Club, above, an exclusive eating club, has lost its latest battle to receive tax-exempt status (U.S. 1, May 26, 2010).

A state court ruled On November 28 that Cottage Club had missed the deadline to argue that it had been overtaxed in 2002, 2003, and 2004. Last June the club’s bid to erase its $90,000 annual tax bill was shot down in state Superior Court, which then declined to hear an appeal last November. The club is a registered historic site, but it was decided that the club did not provide enough access to the public to qualify for tax exemption.

The club took its case back to court late last year, and the Borough of Princeton argued that the statute of limitations for an appeal had run out. On November 21 the state agreed, but gave Cottage Club until Thursday, December 15, to advise the court and the borough in writing whether it intends to pursue that claim.

#b#Contracts Awarded#/b#

Reporte Hispano, 42 Dorann Avenue, Princeton 08540; 609-933-1400; fax, 609-924-5392. Cara Marcano, editor and publisher. www.reportehispano.com

Reporte Hispano, a Spanish language media and translation service based at 42 Dorann Avenue, has landed its first federal contract with the General Services Administration.

The contract, a base five-year contract with three five-year extension possibilities, allows Reporte Hispano to sell its translation and interpretation services to any agency in the federal government. The firm already serves as the official Spanish language translation service for the state of New Jersey.

The contract was facilitated by BH Sky Associates, a government contract consulting agency based at 4390 Route 1.

“Landing that first federal contract is an important growth step for companies such as Reporte Hispano,” said Michelle Hermelee, president and CEO of BH Sky Associates. “We have worked with Reporte Hispano on state-level contracts in New Jersey, and we were confident that they were ready to do business in the federal marketplace.”

Aqua New Jersey Inc. (WTR), 10 Black Forest Road, Hamilton 08691; 609-587-5406; fax, 609-587-0689. William Davis, president. www.aquanewjersey.com

Aqua New Jersey has received a $130,000 project contract to replace water mains in Lawrenceville and southern New Jersey. The company also will replace two fire hydrants and the customer lines to the curb.

#b#New in Town#/b#

New England Financial, 3 Independence Way, Suite 104, Princeton 08540. Amy Gibriano, financial representative. www.nef.com

New England Financial, a subsidiary of MetLife, has opened an office at 3 Independence Way.

#b#Leaving Town#/b#

Eternity Systems Inc., 4390 Route 1 North, Princeton. Sanjay Wadge, CEO. www.eternitysystems.com

Eternity Systems, a computer technology firm based in Houston, Texas, appears to have left its location at 4390 Route 1 North. The office is empty and the company’s phone number no longer connects.

#b#Crosstown Moves#/b#

Glen Eagle Advisors LLC, 353 Nassau Street, Second Floor, Princeton 08540; 609-631-8231; fax, 609-631-8237. Susan Michel, president.

Glen Eagle Advisors, a small regional broker and dealer firm, has moved from American Metro Center to 353 Nassau Street. The company is owned by Glen Eagle Investments, which can be reached at the same number.

The company is owned by Susan Michel, who started the firm in 2002. Michel, who worked for the Investment Center Inc. since 1988, earned her bachelor’s in education from the College of St. Elizabeth in 1980 and was a teacher.

#b#Deaths#/b#

Vincent Cannuli, 64, on November 22. He once worked at RCA Labs in Princeton and later owned Casa Di Pasta in Trenton.

Brent Devlin, 27, on November 22. He worked in the emergency room at the University Medical Center at Princeton.

George Gallup Jr., 81, on November 21. He ran the Gallup Organization, expanding its role in American political polling, over 50 years (U.S. 1, December 15, 1999).

Margaret Smagorinsky, 95, on November 14. She was on the team, with her husband, Joseph, that programmed the original ENIAC computer at the Institute for Advanced Study, and was the writer of several Princeton University-themed publications.

Margaret Fels, 70, on November 12. She was a pioneering member of the Princeton Center for Energy and Environmental Studies and one-time Princeton University engineering professor. She also was a pioneering researcher in using computers to analyze and model energy use and conservation.

Facebook Comments