New in Town
Kennedy International, 19 Stults Road, Dayton 08810-; 609-409-4515; fax, 201-420-7765. Henry Guindi, president. Home page: www.kennedy-intl.com.
Home products wholesaler Kennedy International, which was founded in 1991 and distributes housewares under a variety of names, including Karen Rhodes, Betty Boop, Popeye, Sarah Jacobs, Totally Home, and Kennedy Home Collection lines, has moved into the 190,000 square-foot space in Dayton that it purchased from Embarq Logistics in the spring.
The $11 million acquisition of the Embarq property was completed in June and brings more than 100 jobs to the site.
The company specializes in the wholesale bath, kitchen, laundry, and storage/organization goods, but it also sells hardware and home furnishings throughout North and South America. Its primary customers are Bed, Bath & Beyond and Target. The company generates more that $100 million a year in sales.
Princeton Premier Pages, Box 164, Monmouth Junction 08852; 908-227-5427; fax, 732-329-0437. Alison Twiggs, president. Home page: www.princetonpremierpages.com.
Florida-based Premier Pages, a directory of area businesses, has opened a franchise in Monmouth Junction.
The directory includes paid listings akin to those found in the Yellow Pages or Yellow Book.
Auction Mojo, 9 Schalks Crossing Road, Plainsboro Village Center, Suite 710, Plainsboro 08536. Home page: www.auctionmojo.com.
Auction Mojo, a shop that offers both consignment merchandise and eBay commission sales, has closed its Plainsboro location.
Auction Mojo opened the first of its two stores in East Windsor’s Royal Plaza in 2005. That shop is still open, but the Plainsboro location, the second of an expected four, closed in October due in part to low consigment sales.
The store is owned by Scott Feder, principal of West Windsor’s Dutch Neck Elementary School, and his wife, Jennifer. A graduate of the University of Rhode Island (Class of 1990), Feder got the entrepreneurial itch from his father, Marcus, who ran a business in the garment center in Manhattan.
A veteran eBay seller, Feder started out dealing in baseball cards on the site and then sold DVD collections.
Realizing the venture made him up to an extra $2,000 a month, and sparked by the popularity of franchises such as QuikDrop and iSoldit that offer to sell customers’ stuff on eBay, Feder decided to open Auction Mojo.
The East Windsor location is located at 510 Route 130 South in East Windsor and can be reached at 609-371-0300.
Weidel Realtors, 2681 Main Street, Lawrenceville 08648; 609-896-1000; fax, 609-896-3332. Mike Richman, office manager. Home page: www.weidel.com.
The Pennington office of Weidel Realty, located at 2490 Pennington Road, has been consolidated into the chain’s Lawrenceville branch.
The closure of the Pennington office moves 10 employees to Lawrenceville, making a total of 48 in that location. Steve Marusky, director of commercial properties in Pennington, will continue in that position in the Lawrenceville office.
Bristol-Myers Squibb Company (BMY), Route 206 and Province Line Road, Box 4000, Princeton 08543-4000; 609-252-4000. Elliott Sigal MD, chief scientific officer, president, R&D. Home page: www.bms.com.
The National Comprehensive Cancer Network was awarded a $1.5 million grant from Bristol-Myers Squibb Co. and ImClone Systems Inc. to fund research on the antibody cetuximab in patients with bladder cancer, the fifth most common type of cancer in the United States with an estimated 68,810 new cases diagnosed this year.
Cetuximab is the active ingredient in Erbitux, marketed by Bristol-Myers Squibb (NYSE:BMY) and ImClone as a treatment for metastatic colorectal cancer and advanced head and neck cancer.
The University of Michigan Comprehensive Cancer Center will serve as the coordinating center for the cetuximab study.
Matrix Development Group, Forsgate Drive, CN 4000, Cranbury 08512; 732-521-2900; fax, 609-395-8289. Joseph S. Taylor, president and CEO. Home page: www.matrixcompanies.com.
Matrix Development Group has purchased the Mid-Atlantic Corporate Center, an 82-acre property encompassing 13 buildings and 342,000 square feet. The mix of office, lab, and flex space is located on the border of Cranbury and Monroe Township and has 2,000 feet of frontage along the New Jersey Turnpike near Exit 8A.
The deal was arranged for Matrix by Steve Tolkach, managing principal of the Princeton office of Newmark Knight Frank. The seller was Preferred Unlimited of Conshohocken, Pennsylvania, which was represented in-house by Larry Doyle, and by brokers from NAI Fennelly. The sale price was not disclosed.
Preferred Unlimited, then known as Preferred Real Estate Investments, acquired the property from Paris-based chemical firm Rhodia Group in 2005 for a reported $35 million.
The property had served as the North American headquarters campus for Rhodia, and the latter has maintained a smaller leased presence on-site.
Much of the space was subsequently put on the market for lease by Preferred as part of a multi-tenant repositioning, and availabilities at the time of this latest sale were listed with asking rental prices of $22.50 per square foot for office, $16.50 per square foot for flex, and $7.50 a foot for flex/industrial.
Thomson Inc. (TMS), 2 Independence Way, Princeton 08543-2023; 609-734-6800; fax, 609-734-6885. Home page: www.thomson.net.
Thomson Inc. has extended the term of its existing lease of 62,543 square feet at 2 Independence Way within the Princeton Corporate Center, and has agreed to take the building’s remaining 4,858 square feet.
The company, with headquarter in Paris, France, provides video services to the communications, media, and entertainment industries. It will occupy the entire 67,401-square-foot class A building through January, 2015.
The tenant was represented by brokers from the Sitar Co./Oncor International of Woodbridge, and landlord Mack-Cali Realty Corp. was represented in-house by leasing associate Erin Moran.
Further terms of the signing were not released, and the space had been listed with the asking price “available upon request.”
Availabilities in the surrounding Princeton Corporate Center buildings, also owned by the Edison-based Mack-Cali Realty, are generally listed with asking rental prices of from $21.50 to $23.50 per square foot.
The building at 2 Independence Way is one of four, four-story buildings comprising the Princeton Corporate Center, totaling approximately 405,000 square feet.
David Crabiel, 78, on December 1. He was the director of the Middlesex County Board of Chosen Freeholders and the founder of Crabiel Home for Funerals.