#b#Offices Planned For Hospital Site#/b#
Two buildings on the site of the former Princeton Hospital on Witherspoon Street have been bought by a developer who plans to turn them into medical, general professional offices, and retail space.
Herring Properties, based on Orchard Road, bought 281 and 277 Witherspoon, which were formerly medical offices. The company plans to renovate the buildings. The main hospital building at the site will be torn down and converted into housing by AvalonBay Communities.
“As a long-time Princeton resident who grew up in town, I am very excited for Herring Properties to conclude the purchase of these two properties located near the heart of Princeton,” said Jamie Herring, founder and president of Herring Properties. “We see tremendous potential in renovating the buildings for professional and retail tenants, enhancing the stretch of Witherspoon formerly dominated by the hospital and medical offices.”
#b#Prince Tennis Moving to Atlanta#/b#
Prince Tennis, the sports equipment company named after its founding town of Princeton, is moving its corporate headquarters from Advantage Court in Bordentown to Atlanta.
The 40-year-old company declared bankruptcy in 2012. Prince’s CEO, Mike Ballardie, said he picked Atlanta because of the city’s strong tennis community. The move will affect about 50 employees.
#b#New in Town#/b#
Power Engineers, 300 American Metro Boulevard, Suite 210, Hamilton 08619; 609-570-2721; fax, 609-570-2799. Derek Marston, project manager. www.powereng.com.
Power Engineers, a Boise, Idaho-based engineering consulting company, has opened an office on American Metro Boulevard in Hamilton. Project manager Derek Marston said four people work in the office, though the company is looking to expand. Power Engineers specializes in power distribution, transmission, communications, and facilities engineering.
First Choice Bank, 840 Route 33, Mercerville 08619; 609-989-9000; www.firstchoice-bank.com.
First Choice Bank, based on Route 33 in Mercerville, has purchased Vantage Point Bank of Horsham, Pennsylvania.
Vantage Point Bank had in excess of $62 million in deposits and in excess of $44 million in loans. First Choice Bank had total assets of $934 million, total deposits of $806 million, total loans of $441 million, and stockholder’s equity of $83 million.
First Choice Bank opened its first branch in Lawrenceville in 2007.
Archer & Greiner PC, 101 Carnegie Center, Suite 300, Princeton 08540; 609-580-3700; fax, 609-580-0051. www.archerlaw.com.
Archer & Greiner has signed a long-term lease for 22,000 square feet at 101 Carnegie Center, giving the law firm room to expand.
The firm moved to Carnegie Center from 700 Alexander Road in late 2013.
Amicus Therapeutics, 1 Cedar Brook Drive, Cedar Brook Corporate Center, Cranbury 08512; 609-662-2000; fax, 609-662-2001. John Crowley, CEO and president. www.amicustherapeutics.com.
Drugmaker Amicus Therapeutics has appointed Dr. Jay A. Barth as chief medical officer.
The Cedar Brook Corporate Center-based company, which is developing treatments for rare diseases, hired Barth from PTC Therapeutics. Barth, who has a bachelor’s degree from Colombia and an M.D. from the University of Pennsylvania School of Medicine, previously worked for Merck, Altana Pharma US, and Eisai Medical Research.
Connotate Technologies, 100 Albany Street, New Brunswick 08901; 732-296-8844; fax, 732-296-0330. Bruce Molloy, CEO. www.connotate.com.
Connotate, a web data extraction and monitoring company based on Albany Road in New Brunswick, has named Laura Teller to the post of chief strategy officer. Teller previously held the same job at Opera Solutions, another data company. She has an MBA from Harvard and is the author of the book “Small Business, Big Savings.”
Signature Title Agency LLC, 23 Orchard Road, Suite 160, Skillman 08540; 609-439-9080; fax, 866-685-1650. Ehab Abousabe, president. www.signaturetitle-nj.com.
Signature Title Agency has moved from 1 Airport Place to 23 Orchard Road, Suite 160, in Skillman.
Casabella Design Build Firm LLC, 9500 K Johnson Boulevard, Bordentown. www.cbdesignbuild.com.
Casa Bellav Design Build Firm LLC has moved from its Route 33 office to Team Campus at Bordentown.
Microsemi, 4105 Route 1 South, Suite 13, Monmouth Junction. www.microsemi.com.
Microsemi, a California-based maker of semiconductors, has closed its sales office on Route 1 in Monmouth Junction.
Onepath Networks/Foxcom, 136 Main Street, Forrestal Village, Suite 300, Princeton. www.foxcom.com.
The American division of Onepath Networks, an Israeli a telecommunications company, has moved to Annapolis, Maryland.
Tapestry Asset Management, 125 Main Street, Suite 270, Princeton Forrestal Village, Princeton. www.tapestryam.com.
Tapestry Asset Management has closed its Main Street office. The company was acquired by Equinox Funds, of Hulfish Street, in January of 2013.
New Jersey Business & Industry Association, 10 West Lafayette Street, Trenton 08608-0230; 609-393-7707; fax, 609-695-0442. Philip Kirschner, president. www.njbia.org.
Phil Kirschner plans to retire as president of the New Jersey Business and Industry Association, a trade group, in August. He is being replaced by Melanie L. Willoughby, who is currently serving as acting president.
NJM Insurance Group, 301 Sullivan Way, Ewing 08628; 609-883-1300.
NJM Insurance has been named a 2014 Customer Service Champion by J.D. Power. It is one of 50 companies in nine industries nationwide to earn the distinction.
Mary Ann Jensen, 77, on March 4. She was curator of the William Seymour Theatre Collection at Princeton University Library from 1966 to 2000.
Frank Cox, 76, on March 6. He was a police officer in Princeton and West Windsor for nearly 40 years and served as police chief in West Windsor from 1980 to 2001.
John C. Comly, 57, on March 7. He was vice president and director of Brown and Perkins in Cranbury.