#b#Rutgers Receives Innovation Grant#/b#
Princeton is not the only university involved in the commercialization of technology. Another is Rutgers, which has its own ambitions in bringing its faculty members’ inventions to the marketplace.
Rutgers has received a $500,000 science and research park development grant from the federal government. The grant will help build Rutgers’ Innovation Park, a complex designed to foster collaboration with companies and the commercialization of technology developed by Rutgers faculty. Rutgers says the park will be a “corporate and community collaboration/commercialization complex” for “technology-led economic development.” It will boast an advanced supercomputing system.
The 30-acre complex is planned for what is now vacant land between the Livingston and Busch campuses in Piscataway, between Avenue E and the Route 18 off-ramp at the edge of the Rutgers Ecological Preserve.
The grant was one of 12 that the U.S. Economic Development Administration gave to universities around the country.
#b#North Olden Avenue Complex Sold#/b#
An Olden Avenue complex consisting of retail, office, and industrial space has been sold to a group of investors. A joint venture between Black Oak Associates, a real estate company, and Broad Oak Partners, an affiliate of Weidel Realtors, has purchased the property in a deal brokered by the Rutherford office of Cushman & Wakefield. Both buyers are based in Maryland.
The 98,000-square-foot property at 1600 North Olden Avenue is 65 percent leased. Among its tenants are the state Division of Motor Vehicles, Dunkin Donuts, and Family Dollar.
“The property’s mix of value-add retail, office and industrial/flex space and geographic location align perfectly with the assets Broad Oak Partners is looking for,” said David Bernhaut of Cushman & Wakefield.
#b#New in Town#/b#
NACCME, 104 Windsor Center Drive, Suite 200, East Windsor 08520; 609-371-1137; fax, 609-371-2733, www.naccme.com.
The North American Center for Continuing Medical Education (NACCME) has opened an office on Windsor Center Drive in East Windsor. The company is a subsidiary of HMP Communications, a medical publishing company headquartered on the same street.
NACCME operates educational networks for healthcare providers. According to the company’s website, it has separate employees and leadership and is independent from its parent company. HMP is run by Jeff Hennessy, brother of MJH Communications CEO Michael J. Hennessy (U.S. 1, January 7, 2015).
NJ Family Care, 100 American Metro Boulevard, Suite 105, Hamilton 08619; 609-631-6369; www.njfamilycare.org.
NJ Family Care, a state program that provides health coverage for children and some low-income parents, has opened an office on American Metro Boulevard in Hamilton. The program is part of the Department of Human Services.
Ripen eCommerce, 117 Rockingham Row, Princeton 08540; 609-520-8820; fax, 609-520-8810. Michael Tudor, owner. www.ri.pn.
Ripen eCommerce, an online retail consulting firm, has leased 9,291 square feet at 21 Roszel Road. The company plans to move from its current Rockingham Row location to the newly built Roszel Square facility in which the law firm Hill Wallack occupies the top two floors.
Milt Charbonneau of DTZ represented the building’s owners, Gottesman Real Estate Partners and Mountain Development Corporation.
Weil, Gotshal, and Manges, 17 Hulfish Street, Suite 303, Princeton 08542; 609-986-1100; fax, 609-986-1199. Diane P. Sullivan, partner. www.weil.com.
Law firm Weil, Gotshal, and Manges has moved from Carnegie Center to Hulfish Street in Princeton. The firm has offices around the world and opened its Princeton location in 2012.
Leo R. Zamparelli; 609-883-0333; fax, 609-883-0331, www.leozamparelli.com.
Leo R. Zamparelli, an attorney specializing in corporate, estate, and real estate law among other areas, has closed his office on Scotch Road and is now practicing from his home office. Phone and website are the same.
Council on Compulsive Gambling of NJ, 3635 Quakerbridge Road, Suite 7, Hamilton 08619; 609-588-5515; fax, 609-588-5665. www.800gambler.org.
The Council on Compulsive Gambling of New Jersey Inc. has appointed Neva Pryor as its new executive director. “We are very fortunate to have someone with Ms. Pryor’s background and experience to head the council at this critical time,” said Harvey Fogel, board president of the CCGNJ. “Gambling has expanded dramatically all around us in recent years and that will only continue.”
Before joining the council, Pryor was a gambling supervisor with the Office of Addiction Services for the city of Philadelphia.
Pryor received a master’s degree in clinical and counseling psychology from Chestnut Hill College in Philadelphia and is a graduate of Wagner College in New York.
John Forbes Nash Jr., 86; and his wife, Alicia Esther Lopez-Harrison de Larde Nash, 82, May 23 in a car accident on the New Jersey Turnpike. They were returning from Norway where John, a mathematician and Nobel Prize winner, accepted the Abel Prize for mathematics from King Harald V for his work on nonlinear partial differential equations.
John’s work as a mathematician and his struggles with paranoid schizophrenia were chronicled in the book and later the movie “A Beautiful Mind.” Alicia Nash, who helped him through his illness, was a physics major at M.I.T. when she met Nash. She was retired from her work as a computer programmer for New Jersey Transit.
Leonard P. Punia, 88, on May 18. A licensed real estate broker, he began his career in 1950 building single-family homes and later developed many residential and commercial properties throughout central New Jersey. The Punia Company is based at 6 Colonial Lake Drive in Lawrenceville.