In a blow to the new owners of the Rhodia site, Monroe Township

council has rezoned its half of the 82 acres that front the New Jersey

Turnpike. On October 4 it passed on ordinance changing the zoning for

46 acres from light industrial to office professional. The rest of the

acreage is in Cranbury.

The owners, Preferred Real Estate Investments Inc. of Conshohocken,

Pennsylvania, strongly objected to the zoning change and are expected

to litigate.

"The office market has been anemic for five years, but the industrial

markets will be consistent because there is serious pressure on our

ports," says Gerald Fennelly of NAI Fennelly, who spoke at the meeting

in support of the owners. He testified that office space has a vacancy

rate of more than 25 percent, compared with about 11 percent for

industrial space.

Confronted with the possibility that the campus could remain vacant

for a long time, town council members said that safety and quality of

life were more important than tax revenue.

Innophos, a phosphate company that formerly belonged to Rhodia, is the

only occupant of this almost empty campus, which has 13 buildings and

310,000 square feet vacant. Rhodia, which had owned its campus for 15

years, moved to Cedar Brook Corporate Center earlier this year. The

property is known now as Mid-Atlantic Corporate Center.

"Sometimes the buildings actually vibrate from trucks going by on the

turnpike," says Fennelly, who is marketing another Preferred Real

Estate Property, the Technology Center at Princeton on Carter Road.

"It may take a long time – and they know it – to get an office user to

show up."

Top Of PageExpansions

Paradigm Technology Consulting LLC, 2133 Route 33, Hamilton Square

08690; 609-890-4150; fax, 609-890-4154. Bridgette Hobart, president.

Home page:

A company that tracks truck drivers is moving up. On Friday, October

20, Paradigm Technology Consulting is set to move from 3,600 square

feet at Lexington Square Commons on Route 33 to 3,700 feet at Windsor

Corporate Park. "We wanted a more corporate environment," says Jason

Pintinalli, marketing manager. The new address will be 50 Millstone

Road, Building 400, Suite 150.

The company does business systems planning, project management, CRM,

network design, and business analytics and training. It is a Microsoft

Gold Certified Partner and is the sole distributor of Distinctive

Systems Coach Manager and Vehicle Maintenance Systems. One of its

programs captures all the data recorded by drivers on charter,

contract, or internal trips, including driver advances and expenses,

fuel purchases by state, daily mileage recordings by state, and type

of travel and payroll information.

Lear & Pannepacker CPAs, 791 Alexander Road, Princeton 08540;

609-452-2200; fax, 609-452-1065. Eric Robert Lear, managing partner.

Eric Robert Lear and Scot D. Pannepacker have merged their practice,

Lear & Pannepacker LLP with that of Joanne Linda Waxman, formerly at

44 Princeton Hightstown Road.

Lear founded the firm in 1984 with his friend, the late Gary

Pannepacker, and established the first office on Nassau Street in

downtown Princeton. Scot Pannepacker, Gary’s brother, joined the firm

full-time in 1990. In 2003 the firm bought the 7,100 square-foot

building known as the Treehouse, the first structure designed by

Robert Hillier for his park on Alexander Road.

It provides such services as strategic business planning, estate and

trust compliance, business valuation, litigation, and business

transaction support. Waxman founded her firm in 1967, and one of her

focuses is the tax and financial challenges of the elderly.

Lear went to Rider College, Class of 1979, and worked for WithumSmith

& Brown before opening his own firm on Nassau Street along with the

late Pannepacker. "I wanted to have more control over the time and

attention I gave to each client," says Lear. He focuses on fee-based

financial planning, management consulting, and ancillary consulting

services. For instance, he helped a recent client come up with a

five-year-plan to sell his business. "I like to add value to someone’s

life, in addition to doing tax reporting," says Lear.

Lear got his feet wet doing accounting in an entrepreneurial situation

when his 18-year-old sister opened a flower store in northeastern

Philadelphia. At age eight, he helped his mother to keep the books.

Later his father, who worked as an airplane mechanic, showed him a

newspaper article claiming that 80 percent of the nation’s CEOs

started out in accounting. Overall, the family business taught him

"hard work and integrity, which is what we have in our business. We

work intensively and in off hours, and there can be no second


"To the general public accounting may seem to be a routine process,

when, in fact, there is a tremendous opportunity to use information

from financial statements and tax returns to better understand

opportunities for the growth of a business or personal net worth,"

says Lear. "We believe in an added value approach to make or save


SMC Fixed Income Management LP, 5 Vaughn Drive, Suite 119, Princeton

08540; 609-228-1501. Vincent R. Giordano, president/senior portfolio


SMC recently acquired Claymore Advisors from Claymore Securities. The

seven-person firm specializes in fixed income mutual funds and

separately managed portfolios. Claymore Advisors was nearly three

years old.

Top Of PageManagement Moves

Mathematica Policy Research Inc., 600 Alexander Park, Suite 100,

Princeton 08540; 609-799-3535; fax, 609-799-0005. Charles E. Metcalf,

president. Home page:

As of January 1, Charles Metcalf will step down as CEO and president,

and Paul Decker, current executive vice president and COO, will take

over. The company does public policy research and surveys for federal

and state governments, foundations, and private-sector clients.

Metcalf has been president and CEO of Mathematica since 1986 and had

been director of research from 1975 to 1986. Decker earned his

economics PhD from Johns Hopkins University.

Top Of PageCrosstown Moves

Borden Perlman, 2000 Lenox Drive, Suite 202, Lawrenceville 08648;

609-896-3434; fax, 609-895-1468. Douglas Borden, president. Home page:

Borden Perlman, a third-generation, family-owned insurance company,

moved in August from 7,000 square feet at 2850 Brunswick Pike to 8,600

square feet at 2000 Lenox Drive. The 30-person company wanted more

attractive facilities.

The property and casualty agency came about as the result of a 1995

merger between WS Borden Co., which originally specialized in

industrial and manufacturing insurances and operated at 224 West State

Street, and Perlman Insurance, which sold mostly commercial and retail

insurance from 133 Franklin Corner Road.

Compliance & Ethics Learning Solutions DBA Midi Inc., 101 Morgan Lane,

Suite 301, Plainsboro 08536; 609-955-5100; fax, 609-924-9207. Thomas

Parry, CEO.

Compliance & Ethics Learning Solutions, known as Midi, has moved from

9,200 square feet at 100 Thanet Circle in Princeton to Enterprise

Business Park in Plainsboro. According to an October 3 press release,

president and CEO Elizabeth Tomaszewicz has left the company for

personal reasons and Thomas Parry, formerly senior vice president for

sales and global services, replaces her.

Midi provides compliance and ethics programs and services for Global

2000 companies.

P&A Management, 1207 Route 156, Hamilton 08620-1700; 609-587-3775;

fax, 609-588-4980. Albert L. Pellegrino, president.

P&A Management, which manages condos and townhouses, moved from 500

square feet at 2277 Route 33 in Hamilton Square to 1,000 square feet

in Hamilton.

The Cleave Group LLC, 2 Tree Farm Road, Suite A-300, Pennington 08534;

609-818-9534; fax, 609-818-9535. William F. Cleave, president.

The Cleave Group, which helps insureds and insurers with risk

management issues, moved from 26 Hedgecroft Drive to 2 Tree Farm Road.

Group Five, 1 Airport Place, Princeton 08540; 609-924-3771; fax,

609-924-4029. Jack Sunday, president.

Group Five, a 16-year-old international independent consulting and

research firm, has moved from 35-37 Tamarack Circle to 1 Airport

Place. It focuses on customer research for financial services.

Top Of PageLeaving Town

Targent, 181 Cherry Valley Road, Princeton 08540.

Targent Inc. sold its oncology assets to a California-based firm and

vacated its office on Cherry Valley Road, which is also the office for

venture capitalist Bob Johnston. Patrick McGuire resigned as Targent’s


Targent, a specialty pharmaceutical firm, hoped to take drugs now

administered intravenously and turn them into oral compounds, which

are more convenient and less expensive (U.S. 1, July 17, 2002).

The buyer was Spectrum Pharmaceuticals Inc., 157 Technology Drive

Irvine, CA 92618 (949-788-6700). It trades on Nasdaq as SPPI.

UGI Energy Sources Inc., 704 East Main Street, Suite I, Morristown

08054; 856-273-9995; fax, 856-273-9996. Robert Topolski, sales


Ed Tuohy retired and closed a regional office of UGI Energy Sources at

1230 Parkway Avenue, Parkway Corporate Center, in West Trenton. Robert

Topolski is the regional manager in Morristown. The company focuses on

energy purchasing plans for businesses.

Visiting Angels, 812 State Road, Princeton 08540; 609-430-8499.

Christian Kongolo, director.

Christian Kongolo closed his Visiting Angels franchise on Route 206.

Peter Broskie, another Visiting Angels franchisee, is still open in

Monroe Township (732-656-7720). This firm offers non-medical respite

care for caregivers including errands, transportation, light

housekeeping, and hygiene.

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