Incubator Growth

Expansions

Crosstown Moves

Expansions

Leaving Town

Management Moves

Corrections or additions?

These articles were published in U.S. 1 Newspaper on February 25,

1998. All rights reserved.

Life in the Fast Lane

Last week’s U.S. 1 cover story on Caren Franzini told

how part of state government, the New Jersey Economic Development

Authority, was acting more like a business than a bureaucracy. One

pertinent example is the Technology Center of New Jersey on Route

1 in North Brunswick. EDA’s new building there, "Tech One,"

had been marketed to small and medium size companies that did not

have enough credit to borrow the money to build out their own labs.

EDA would do the build-out and charge it back to the tenant in form

of rent.

The small firms had expressed interest in a total of 30,000 feet,

about half the space, but they were slow to sign their leases.

Franzini,

executive director of the NJEDA, thinks that was because smaller firms

typically need to "kick the tires" — see the space before

they decide to move in.

Then the EDA received an offer from one big company (Mariel, a joint

venture between Merck and Rhone-Poulenc formed last fall) to take

the entire 60,000 feet. Late last year Mariel signed a letter of

intent

to occupy the entire space, and discussions are going on as expected.

Everyone but the smaller would-be tenants thought that was a good

business decision.

The deal could, after all, have gone to outposts of Merck and

Rhone-Poulenc

in Pennsylvania or Georgia. "We’re lucky to be able to put a

package

together to keep them in New Jersey," says Tim Lizura, who handles

EDA’s asset and leasing management. "This is good news for New

Jersey."

"It is a really nice thing for New Jersey that Mariel has been

able to base its North American headquarters as well as part of its

global operations in New Jersey," says Janice Keene of Merial’s

Iselin office.

"There was a month when we took flack from the prospective tenants

waiting in the wings, but we felt with the market the way it was,

we needed an anchor in the park," says Sab Russo of CB Commercial.

"Keep in mind this is not taxpayer money; they have raised this

money privately."

"Perhaps we didn’t communicate what the Tech Center was all

about,"

admits Franzini. She says the Tech Center vision has always been to

provide a place for major companies to expand, to be a home for

growing

businesses, and to foster synergy between high tech companies and

the state’s universities.

Merial, for instance, has a $1.9 billion revenue base and a $120

million

R&D budget, the largest in the industry. It is the world’s largest

company solely dedicated to the discovery, manufacture, and marketing

of veterinary pharmaceuticals and vaccines, everything from flea

treatment

for cats to medicines for chickens and cows. With about 1,600

employees

in North America, it has a North American operational headquarters

in Iselin (the former site for Merck AgVet) plus a global headquarters

in London, England, and an operation in Lyon, France (formerly Rhone

Merieux).

"In our mind, large companies feed off of small companies,

especially

in the scientific field," says Franzini. And though two of the

would-be tenants have found space, one in Princeton and the other

at Exit 8A, other companies are still interested in getting lab space.

"This gave us a great opportunity — to start on the second

building a full nine months early," says Franzini. CUH2A, based

on Roszel Road, will again do the architecture for Tech Two, at 651

Route 1 South, and Torcon will be the contractor. When complete, the

TCNJ will have 200,000 square feet. And, promises Franzini, "We

are building Tech Two dedicated to smaller businesses and no question

about that."

— Barbara Fox

Top Of Page
Incubator Growth

Bunsen burners in New Brunswick, computers in Trenton.

That’s how it seemed state incubator space would be allocated. New

Brunswick’s Jersey Avenue incubators would be for young high tech

businesses and Trenton’s would be devoted to those businesses whose

technology needs were centered around computers.

Now space is so tight on Jersey Avenue that the Trenton Business and

Technology Center has begun to take some lab-space tenants. The TBTC

has fitted out a $30,000 lab space for John J. Wille to use for his

consulting business, Bioderm.

Wille has degrees from Cornell University, Class of 1960, and Indiana

University. He worked at the universities of Cincinnati, Chicago,

and Louisiana State, and then did experimental pathology at the Mayo

Clinic.

The former director of medical product research at Bristol-Myers

Squibb,

Wille is also president and chief operating officer of the 13-year-old

firm Hy-Gene Inc., (U.S. 1, November 9, 1997).

His own firm, Bioderm, has a consulting contract with Bristol-Myers

Squibb. Among his areas of interest: R&D for early stage development

of advanced wound healing products including living skin substitutes,

advanced wound dressing, design of quality control tests required

for regulatory approvals, and design of medical products for wound

healing.

Unlike Bioderm, most of Trenton’s tenants are the more traditional

businesses, and they are moving in with gratifying speed. Nationwide

there are 600 incubators and the average time needed to fill them

up is three years, but, says Joseph E. Kielec, TBTC manager, Trenton’s

may be full just 18 months from the day it opened. The TBTC is now

60 percent occupied.

Bioderm is the only biotech one. "We don’t have the ventilation

systems for high volume experimental labs," says Kielec. "If

the TBTC expands, our next building may need laboratory space."

Bioderm Technologies Inc., 36 South Broad Street,

Trenton 08608. John J. Wille PhD, president. 609-656-0784; fax,

609-396-8603.

E-mail: jjwille@aol.com.

Top Of Page
Expansions

SEQ Ltd., 17 Princess Road, Suite A, Lawrenceville

08648. Robert F. Johnston, acting president and CEO. 609-620-0220;

fax, 609-620-0221. E-mail: iweston@seq.sarnoff.com.

A Bob Johnston biotech company is moving out of its incubator,

from the basement of Sarnoff to 15,000 square feet at 17A Princess

Road. SEQ is not a Sarnoff company, but it was renting space there

during its incubation stage. Now it has 12 employees, including

Johnston

as acting CEO. Just a few scientists are at the new place now, and

everyone else is at 201 Washington Road, phone 609-452-6033; fax

609-452-5955.

The technology involves proprietary gene sequencing, single molecule

sequencing by fluorescence, and high throughput screening (U.S. 1,

May 14, 1997). The space they occupy had been a lab for the state

health department.

Top Of Page
Crosstown Moves

Amway Corporation, 1 Applegate Drive, Northeast

Business Park, Box 9985, Hamilton 08650-0900. Thomas C. Ehler,

manager.

609-259-4000; fax, 609-259-4031.

Matrix Development’s Northeast Business Park boasts a new building

with a build-to-suit tenant, Amway Corporation. The distributor of

household cleaning products and farm maintenance supplies began moving

to its $4 million state-of-the-art facility on December 6 and

officially

opened in January. Set on 11 acres, the building is 113,000 square

feet and has more warehouse but less office space than its previous

quarters in Dayton at 461 Ridge Road. The phone and fax are new.

Tom Sullivan and Sab Russo of CB Commercial in Piscataway assisted

CB Commercial’s Philadelphia office to represent Matrix and the

contractor,

Dolan Contractors of Westhampton New Jersey.

Meridian Enterprises Corporation, 101 Interchange

Plaza, First Floor, Cranbury 08512. Paul Lewis, associate account

executive. 609-409-1776; fax, 609-409-1779.

The marketing incentive firm that U.S. 1 reported moving out of 666

Plainsboro Road (February 18) has been found by one of U.S. 1’s

vigilant

deliverers. Meridian has relocated to 101 Interchange Plaza near Exit

8A. Paul Lewis notes that the new location is "a little bigger

and better" and a little more central than the prior location

at the Princeton Meadows Office Center. The firm is based in St Louis.

Phone and fax are new.

Pharmaceutical Quality Associates, 20 Nassau

Street,

Suite 202, Princeton 08542. Leonard Kaplan PhD, president.

609-683-9484;

fax, 609-683-9487.

In January Leonard Kaplan moved his firm from 103 Carnegie

Center

to 20 Nassau Street, where it has a new phone and fax. The firm offers

consulting services and product development of oral and topical drug

delivery systems.

Knitting Concepts Inc., 24 A Forge Street,

Jamesburg

08831. Derek Fairey, owner. 732-521-4488; fax, 732-521-2117.

Derek Fairey has moved his weaving business from 2394 Route

130 in Dayton to less expensive quarters in Jamesburg. He manufactures

knit fabric for sweaters from raw material yarn. Phone and fax are

new.

Fairey grew up in Leicestershire, the weaving center of England, and

comes from a long line of weavers. He immigrated to the United States

in 1979 and started his own firm 10 years later when he bought his

first computerized knitting machine and set it up in a garage (U.S.

1, May 6, 1992).

Weaving, he has said, requires a certain knack. "If you’ve not

got it you can’t buy it," says Fairey. "The feel in the hands

— you have to have that feel, or you are not going to be a

knitter."

Top Of Page
Expansions

The Nielsen-Wurster Group Inc., 345 Wall Street,

Princeton 08540. Kris R. Nielsen, CEO and president. 609-497-7300;

fax, 609-497-3412.

The engineering, construction, and construction management firm has

added nearly 2,000 square feet for a total of 8,650 feet.

Top Of Page
Leaving Town

Ameriquest Mortgage, 4000 Route 66, Tinton Falls

07753. Joe Suarez, branch manager. 732-922-6118; fax, 732-922-4748.

Joe Suarez has moved the office from a temporary location at 14

Washington

Road to Tinton Falls. The firm is based in California.

Bedard Kurowicki & Company, 318 Route 202 North,

Suite 5, Box 77062, Flemington 08822. John R. Bedard CPA,

partner.

908-782-7900; fax, 908-782-4328.

This accounting firm has relocated from West Trenton and has

a new phone and fax.

Comprehensive Asset Management, 8 South River Road,

Cranbury. David L. Bailin CLU ChFc, general agent.

David Baillin has moved his office to be part of MidMonmouth

Financial Concepts, 3301-A, Highway 66, Neptune 07753; 732-932-6300;

fax, 732-922-3353. It is part of Minnesota Mutual Life Insurance

Company

and does business and personal financial planning.

FMC Specialty Products, 105 College Road East,

Princeton 08543-0008. Anthony J. Maro, director. 609-951-3000; fax,

609-951-3809.

About 40 employees in the special products research division will

be moving to FMC’s group headquarters in Philadelphia on March 1.

Lincoln Company, 626 Sayre Drive, Princeton 08540.

Philip J. Carcara, managing partner. 215-238-1259. E-mail:

pjcarcara@juno.com.

Philip Carcara has moved his office to Pennsylvania. He consults

on management, financing, and funding needs for manufacturing

companies.

Top Of Page
Management Moves

Glenmede Trust Company of New Jersey, 16 Chambers

Street, Princeton 08540-6232. William D. Baird Jr., president.

609-683-1005;

fax, 609-252-0082.

William Baird succeeds Bruce D. Simon as president of the New

Jersey company, which offers asset management services and trust

services

and is part of Glenmede Corporation and Pew Charitable Trusts. Simon

was named chief investment officer of the parent Glenmede company.

The Pennington School, 112 West Delaware Avenue,

Pennington 08534. 609-737-1838; fax, 609-730-1405.

In July, Lyle D. Rigg, 53, will take the position of headmaster at

this private, coeducational, college preparatory school. He comes

from the headmaster’s post at The American School in Switzerland.

He is married to Sharon Creech, whose children’s novel "Walk Two

Moons" won the Newbery Medal in 1995.

Schaeffer Lamont & Associates, 35-37 Montgomery

Knoll, Box 3561, Princeton 08543-3561. Sharon Lamont and Linda J.

Schaeffer, managing partners. 609-683-4970; fax, 609-683-0523.

Sharon Lamont and Linda Schaeffer bought out the Princeton office

of R.D. Hunter and renamed it Schaeffer Lamont & Associates. R.D.

Hunter & Co. has offices in Paramus and New York City.

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