A recent study by Carnegie Center-based site selection firm Boyd Company found Plainsboro among the most competitive suburban office markets in the country. The study compares the cost of operating a typical corporate administrative office in a series of 50 top U.S. and Canadian office markets, including Plainsboro. Operating costs are scaled to a hypothetical 125,000 square feet administrative or “back office” facility employing 500 workers.
The analysis covers all major geographically variable cost factors critical to the corporate site selection process, including labor, real estate, utilities, and taxes.
The report focuses on the top 50 suburban office markets in both the U.S. and Canada based on current relocation trends identified by the Boyd Company. Annual operating costs range from a high of $44.7 million in Redwood City, California, to a low of $33.5 million in Estero, Florida. Plainsboro registers costs of $40.8 million per year, high by national standards but showing savings versus suburban Northeast markets in New York, Boston, and Connecticut.
Certara, 103 Carnegie Center, Suite 300, Princeton 08540; 888-708-7444; Edmundo Muniz, chief executive officer. www.certara.com.
Certara, a global biosimulation technology-enabled drug development company based in Carnegie Center, has merged its consulting group, Pharsight Consulting Services, with Quantitative Solutions, a global pharmacometrics consulting company headquartered in Menlo Park, California.
Certara said in a press release the move was meant to strengthen its position in the modeling and simulation/pharmacometric services field. The resulting organization is called Certara Strategic Consulting.
“Certara now offers the broadest array of modeling, simulation and strategic pharmacometric services from pre-clinical drug development through post-market approval,” said CEO Edmundo Muniz. “The breadth, depth and innovative strengths of our newly formed consultancy are unsurpassed in the industry and will be leveraged as we work alongside our clients to bring safer and more efficacious therapies to patients.”
“The merger of Quantitative Solutions with Certara’s consulting group is exactly the type of strategic move our organization was ready for,” said Jaap Mandema, former CEO of Quantitative Solutions, and new head of Certara Strategic Consulting. “Our integrated scientific consulting platform has the critical mass to allow for a quantum leap in the impact of modeling and simulation in drug development and beyond.” Mandema now reports directly to Muniz.
Certara Strategic Consulting, which has 70 employees, does work in the U.S., Canada, Europe, Australia, and China. Financial details about the transaction were not disclosed.
#b#New in Town#/b#
DaCruz Segal Architecture LLC, 195 Nassau Street, Suite 21, Princeton 08540; 609-577-5749; fax, 609-356-2156, www.dacruzsegalarchitecture.com.
DaCruz Segal Architecture has opened on Nassau Street. The firm is operated by architects John F. DaCruz and Sara L. Segal.
Trustek Inc., 4390 Route 1 North, Suite 304, Princeton 08540; 732-393-1313; fax, 866-294-1314. Shekar Adusumilli, CEO. www.trustek.com.
Trustek, an IT consulting company, has opened an office on Route 1 North. The company was founded in 1994.
Code Tech Corporation, 743 Alexander Road, Unit 9, Princeton 08540; 609-620-0290; Michael Shaw, founding partner and CEO. www.codetechcorp.com.
Code Tech Corporation, a five-year-old business specializing in the industrial inkjet and anti-counterfeiting technology, has moved from Princess Road to Alexander Road and expanded into a larger facility.
The company said in a press release that the new larger facility will allow expansion of Code Tech turnkey “Print, Verify and Data logging systems. Code Tech works closely with HP and its ink jet technology division.
Founded in 2010 by Mike Shaw, Code Tech specializes in providing ink jet printing technology to companies in the consumer goods, pharmaceutical, and tobacco industries. (U.S. 1, October 23, 2013).
Jewish Family and Children’s Service of Greater Mercer County Inc., 707 Alexander Road, Suite 102, Princeton 08540-6331; 609-987-8100; fax, 609-987-0574. Linda F. Meisel LCSW, executive director. www.jfcsonline.org.
The Jewish Family & Children’s Service of Greater Mercer County has completed the renovation of suites 102 and 204 at its 707 Alexander Road headquarters.
The expansion enlarged the Kosher food pantry to include fresh fruits, vegetables, eggs, and freezer items; expanded the counseling program; and provides additional resources for seniors and teens.
The organization moved into the new space on June 15 after a fundraising campaign.
Dynasty Group Inc., 3535 Quakerbridge Road, Suite 3000, Hamilton 08691; 609-249-4999; Robert Brown, president. www.dynastygroupnj.com.
Dynasty Group, a marketing firm, has opened an office in Ibis Plaza. The company moved from Commerce Way, not to Commerce Way as was reported in the July 8 issue of U.S. 1.
Two Hopewell residents each have been sentenced to more than three years in prison for a bribery scheme involving the Department of Veterans Affairs. Donna Doremus, owner of a construction company, paid $671,000 to Jarold Machinga, a VA officer, to funnel $6 million in contracts to her companies.
Doremus also pled guilty on tax charges for claiming the bribes were business expenses on her tax returns, and for falsely claiming one of her companies was run by a disabled veteran. Doremus was ordered to forfeit $671,975.
John Whitman, 71, on July 2. He was the husband of former governor Christie Whitman and an investment banker and managing partner at Alexander Road-based Sycamore Ventures.
Patrick Donohue, 50, on July 7. He was a former assistant provost at the College of New Jersey. He was director of the Bonner Center for Civic and Community Engagement and helped create the Trenton Violence Reduction Strategy, a social services project. Services will be held Friday, July 17, at 1 p.m. at Sacred Heart Church on Broad Street in Trenton.