The Eagle Group is selling two 48,000-foot office buildings at the

corner of Alexander Road and Canal Pointe Boulevard. Behringer

Harvard, an investment company based in Dallas, Texas, is under

contract to buy 600 and 619 Alexander, and the deal might have closed

as this edition was going to press.

Last February Princeton University signed a contract to buy the same

properties but decided that the two buildings did not have enough

vacant space to meet its needs.

Behringer Harvard has publicly registered non-traded real estate

investment trusts and partnerships. Behringer Harvard’s REIT I fund

purchased Woodcrest Corporate Center in Cherry Hill earlier this year.

"The buyers are well capitalized and experienced real estate owners.

While the buildings have been continually upgraded, new ownership can

only be a benefit to the property," says Bill Barish of Commercial

Property Network. His firm leases the buildings for the Eagle Group,

based on State Street in Trenton and owned by Sidney L. Hofing.

Members of the Eagle Group have an ownership interest in the

buildings. Both the owners and the prospective buyers declined


The Eagle Group, 928 West State Street, Trenton 08618; 609-392-0092;

fax, 609-393-7257.

Computer Associates Relocating?

The Computer Associates building on Orchard Road is being marketed

again. This time, however, there are strong indications that the 275

employees on Orchard Road may find themselves moving by next summer.

Based on Long Island, the computer software supplier promises to

remain committed to New Jersey and is reportedly considering locations

in the Princeton South market – close to I-95, either in the area of

Franklin Corner Road or the former Bloomberg property in Ewing.

"CA is constantly evaluating its cost structure to ensure it is making

the most effective investment decisions," says a CA representative.

"CA is exploring the consolidation of offices in New Jersey and

throughout the world as one of many options. CA continues to have a

large presence in the state with more than 400 employees."

JER Herring Orchard LLC, based in Northern Virginia, bought the

property from CA, and one of the partners is Jamie Herring, former

vice president for real estate for RCN, the telecommunications company

that filed for Chapter 11 bankruptcy in 2004 and subsequently moved to

Virginia. A Princeton native, Herring is a graduate of Johns Hopkins,

Class of 1986, with an MBA from Columbia, and he has worked for Jones

Lang LaSalle.

Herring had been in charge of creating RCN’s corporate campus, a $110

million project on 55 acres on the former Union Camp site on Princeton

Pike (U.S. 1, December 6, 2000). But after the ground had been cleared

– sparing an historic tree, RCN’s stock cratered, and the project was

shelved. Later the property was sold to Bristol-Myers Squibb. In

addition to the Orchard Road property, Herring’s partnership also

bought the land under the Wachovia Bank building at 370 Scotch Road.

Jonathan Meisel of Jones Lang LaSalle is repositioning the 238,000

square-foot 70-acre property on Orchard Road, upgrading the lobby and

common areas, and building a grand new entrance. Priced at $24 per

square foot plus tenant electric, it has a softball field, tennis

courts, a full-service cafeteria, a 32-kilowatt emergency generator,

and two distinct electrical feeds via separate substations.

Meisel says that though the space is divisible to 5,000 square feet,

the whole building is available for a single tenant. If and when he

finds a single tenant, CA would need to move, but until then

presumably CA will get to stay until then. In addition to CA’s 100,000

square feet, Blessing White has nearly 20,000 square feet.

CA (Computer Associates), Route 206 and Orchard Road, Box 8, Princeton

08543-0008; 908-874-9000; fax, 908-874-7307. Thomas Appel, properties

manager. Home page:

SimX Expands

SiMX Corporation, 196 Princeton-Hightstown Road, Suite 12, Princeton

Junction 08550; 609-750-9345; fax, 609-750-9349. Vladimir Bernstein,

software engineer.

In May SiMX corporation moved its headquarters from 510 Route 130 in

East Windsor to Princeton Junction. SiMX provides software services

and products, including web development, reporting, and text data

conversion (U.S 1, September 24, 2003).

One of the co-founders, Vlad Bernstein, had been an engineer with the

Central Heat Energy Institute in Moscow. Working on energy power

plants, he had an idea for software that nearly anyone could use for

complex tasks. Yet he believed he would have little chance of

developing and marketing such a product in Russia, so he emigrated to

the United States, along with Andrei Afanassenkov. Bernstein’s wife,

Olga, is the accountant, and their son, Nikita, is an employee.

"We have released two products, Report Manager and Text Converter,

which facilitate extraction of data from text files and loading them

into a database or a text file. For instance, you could use it to

upload a product listing to a product comparison site such as

Froogle," says Nikita Bernstein.

"We are still doing a lot of custom development, and out of this

development came these packages that we are bringing to market," he

says. Among the clients are a major insurance company, financial,

pharmaceutical service firm, and

J&J’s Pfizer Deal

Johnson & Johnson (JNJ), One Johnson & Johnson Plaza, New Brunswick

08903; 732-524-0400; fax, 732-214-0332. William C. Weldon, chairman &

CEO. Home page:

Johnson & Johnson has said it will pay $16.6 billion for Pfizer’s

household consumer brands, including Sudafed cold medicine and Visine

eyedrops. J&J bid against GlaxoSmithKline, and according to the Wall

Street Journal, Glaxo could still emerge with another bid.

The move is seen as J&J’s continuing attempt to diversify beyond

prescription drugs. It will fold Pfizer’s division, which had $3.9

billion in sales last year, into its own consumer products line. J&J

has 11,000 employees in central New Jersey. The Pfizer division is

based in Morris Plains and has 1,700 workers.

Management Moves

Prosperity New Jersey, 20 West State Street, Box 820, Trenton

08625-0828; 609-984-4924; fax, 609-984-4920. Adam Pechter, president

and CEO. Home page:

Adam M. Pechter, named CEO of Prosperity New Jersey by former governor

James McGreevey, hung on through the interim administration until

Governor Jon Corzine took over. Now Pechter has resigned, effective

July 7.

Corzine has not named a replacement head for the three-person

public/private agency that operates under the aegis of the commerce

and economic growth commission. Given the state’s budget crunch, the

future of this agency is in question.

NeoStrata Company Inc., 307 College Road East, Princeton 08540;

609-520-0715; fax, 609-520-0849. Richard H. Wildnauer, president. Home


Mark D. Steele has been appointed as the first CEO of the 18-year-old,

58-person NeoStrata; Richard Wildnauer remains as president. The

company licenses its patents on alpha-hydroxy acid formulations and

has its own line of skin care products.

Steele majored in marketing and biology at the University of

Connecticut, Class of 1981, and has an MBA from Syracuse. He has

worked for Pfizer and Warner-Lambert and had founded a consulting

firm, Pharma Technology Group.

Journal Register Co. (JRC), 50 West State Street, 12th Floor, Trenton

08608-1298; 609-396-2200; fax, 609-396-2292. Robert M. Jelenic,

chairman and CEO. Home page:

After 20 years with the Journal Register, Jean B. Clifton has resigned

as the president and chief operating officer but will receive $2.81

million, which amounts to three years base salary. The company

publishes the Trentonian and two dozen other daily newspapers plus

more than 300 non-daily publications.

Expansions, 50 Millstone Road, Windsor Corporate Park, Building

200, First Floor, Suite 160, East Windsor 08520; 609-426-6990; fax,

609-426-6991. Raj Lakhanpal MD FACEP, president. Home page:

Medical Network Inc. (which does business as is

expanding for the fourth time. On June 23 it moved from 1100 Cornwall

Road to Windsor Corporate Park, the same office park as CareGain, with

which it is coordinating services.

HealthAtoZ, a population health management firm, offers customized

Web-based solutions and consulting for hospitals and integrated

delivery networks, health plans, pharmacy benefit managers, employer

groups, and E-pharmacy sites. It focuses on free, personalized health

management programs and medical information.

Its interactive tools include the E-Health Dashboard, a personal page

that tailors the individual delivery of health information, tools and

features according to a profile generated by personal interests and a

health risk appraisal. It also has a private online personal health

record where users can store vital medical information for emergencies

and schedule E-mail reminders about refilling prescriptions,

recommended immunization schedules and check-ups for every family


CareGain, recently acquired by Fiserv, has software that integrates

consumer-directed healthcare accounts. It also incorporates

HealthAtoZ’s health management services.


Richard J. Harrison, 62, on June 18 in Sarasota, Florida. He had been

a real estate agent with Doolan Realty in Ewing.

Dennis Treude Jr., 32, on June 21, from injuries sustained when his

lift truck tipped over at a construction site. He worked for Hatzel &

Beuhler, electrical contractors.

John P. Russo Sr., 88, on June 21. He founded the Lawrenceville Home

Improvement Center, currently operated by his sons and grandsons.

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