#b#Pheasant Hollow Apartments Sold#/b#
The 439-unit apartment complex at 19 Pheasant Hollow Drive in Plainsboro has been sold to Harbor Group International for $62.5 million.
Harbor, a real estate investment company based in Norfolk, Virginia, bought the complex at a price of about $142,000 per unit from Vantage Group and Angelo Gordon & Co. The company announced it planned to rename the property “Addison at Princeton Meadows” and spend $3 million upgrading the common area.
The complex was built in 1981 and is made up of 28 garden-style apartment buildings on 23 acres.
#b#New in Town#/b#
Cosmolex, North Center Drive, North Brunswick ; 866-878-6798; fax, 877-810-7311. Rick Kabra, CEO. www.cosmolex.com.
CosmoLex, a provider of cloud-based software for managing law firms, has opened an office on North Center Drive in North Brunswick.
TechnoMax, 186 Princeton Hightstown Road, Suite 9, West Windsor; 609-456-0186.
TechnoMax, an IT consulting company, has opened an office on Princeton-Hightstown Road.
Tekseed Solutions LLC, 4390 Route 1, Suite 207, Princeton 08540; 609-945-9114; fax, 609-520-8731, www.tekseed.net.
Tekseed Solutions, an IT consulting company, has opened an office on Route 1.
Princeton University Office of Community and Regional Affairs, 4 Mercer Street, Princeton 08544; 609-258-3204; fax, 609-258-9000.
Princeton University’s Office of Community and Regional Affairs has moved its office to the ground floor of 4 Mercer Street. The building is known as the “Town Topics Building” because of the newspaper offices that were located there before 2007.
The university turned the upper floors of the 1878 building into faculty housing.
MDAdvantage, 100 Franklin Corner Road, Lawrenceville 08648-2382; 609-896-2404; fax, 609-896-8150. Patricia A. Costante, chairman & CEO. www.mdadvantageonline.com.
MDAdvantage, a company that provides professional insurance for doctors, has moved from 2 Princess Road, Suite 2, to 100 Franklin Corner Road in Lawrenceville.
Ophthotech, 214 Carnegie Center, Suite 302, Princeton 08540; 609-945-6050; fax, 609-452-7435. Valerie Conner, executive assistant. www.ophthotech.com.
Ophthotech, a biotech company focused on developing treatments for eye maladies, has moved from 5 Vaughn Drive to Carnegie Center.
Senator Shirley K. Turner, 1230 Parkway Avenue, Suite 103, Ewing 08628; 609-323-7239; fax, 609-323-7633. Shirley K. Turner, www.senatorturner.com.
State Sen. Shirley K. Turner has moved her office from Pennington Road to Parkway Corporate Center. The office of the legislator has new phone and fax numbers.
Abbott Point of Care, 400 College Road East, Princeton 08540; 609-454-9000; fax, 609-419-9370. Greg Arnsdorff, president. www.abbott.com.
Abbott Point of Care, a healthcare diagnostics division of global healthcare company Abbott Laboratories, plans to lay off 80 employees from its College Road East office.
According to press reports, the company, which is headquartered in Chicago, will make the layoffs by March 31 and will give employees severance, outplacement services, and will be considered for open positions.