Staples, 4 Aurora Drive, Cranbury 08512; 609-409-3540; fax, 609-395-8730. John Bevacqua, manager, inventory control.

Staples subleased a 52,0000 square-foot warehouse space on Aurora Drive from Graybar. The United States Postal Service has a facility in the same building. Mitchell Katz of CB Richard Ellis represented the tenant, and Jonathan Stravitz of NAI Hanson represented Graybar.

John Bevacqua, the inventory control manager, staffs this building with several people on each shift. In contrast, the main warehouse on South Middlesex Avenue in Monroe has about 160 workers. Bevacqua is a native of Bound Brook who graduated from Rider University in 1989. He opened the facility last September.

3rd Wave Capital Management, 20 Nassau Street, Suite 311, Princeton 08542; 609-921-2536; fax, 609-921-2549. Tad LaFountain III, founder. Home page:

Investment management firm 3rd Wave Capital Management, formed last spring by Tad La Fountain III, has opened an office at 20 Nassau Street. The firm invests the assets of endowments and pension funds.

Its founder, a graduate of Princeton University and the Wharton School of Business, spent 25 years on Wall Street as a technology analyst for a number of firms, including Merrill Lynch, Shearson/American Express, Bear Stearns, and Wells Fargo Securities.

He was in the news several years ago when technology company Altera, which he was covering as an analyst at Wells Fargo, stopped taking his phone calls after he issued a "sell" rating on the company. He dropped his coverage of the company after it cut him out of its communications loop. This series of events caught the attention of the national press, including the New York Times, and generated a discussion of similar acts of retribution against analysts by companies unhappy with their ratings.

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