Earlier this year the D&R Greenway Land Trust bought the Muscente Farm on Route 518 in Hopewell Township, saving the 51-acre property from future development. Now the land trust is putting the parcel of preserved land back on the market.
“The historic Muscente farm is a critical piece of the Hopewell farming community, close to D&R Greenway’s St. Michaels Farm Preserve and other large expanses of preserved land,” says Greenway CEO Linda Mead. “To make sure that it would not be lost to development, the Greenway’s board authorized the use of our revolving land fund to preserve it, and the resale of the property to a conservation buyer.”
The D&R Greenway is now seeking a conservation buyer for the property, which includes a renovated and expanded historic farmhouse surrounded by fields. Conservation uses include farmland, a vineyard, a pick-your-own fruit orchard, a sustainable market garden, or a horse farm.
The Muscente Farm preservation came about through the Greenway’s revolving land fund, which is a mechanism for using private funds to augment public funding sources for the group’s preservation efforts.
“Being able to move quickly to secure a property for open space preservation is critical, especially now when the availability and timing of public funds is uncertain,” says trustee Betsy Sands. “D&R Greenway has established the Revolving Land Fund to apply private funding to land preservation. After the land is permanently protected, it can be sold and the funds used to replenish the revolving land fund so that another open space opportunity can be pursued.”
D&R Greenway Land Trust Inc., 1 Preservation Place, Princeton 08540; 609-924-4646. Linda J. Mead, president & CEO. www.drgreenway.org.
WIRB Copernicus Group, 212 Carnegie Center, Suite 301, Princeton 08540; 609-945-0101; fax, 609-799-2216. Donald A. Deieso, CEO. www.wcgclinical.com.
WIRB-Copernicus Group (WCG), an umbrella company that provides services related to clinical research, has acquired North Carolina-based Clintrax Global, a provider of outsourced services for negotiating clinical trial-related contracts and budgets between biopharmaceutical companies, CROs, and research sites around the world.
“WCG’s solutions help biopharmaceutical companies reduce the time, cost, and risks associated with bringing new therapies to market, while assuring the highest quality of human subject protection,” said CEO Donald A. Deieso. “Our biopharmaceutical and institutional clients continue to cite — among the top impediments to clinical trial activation — the delays associated with negotiating study budgets and contracts. By adding Clintrax Global to the WCG family of companies, we can now offer them a more comprehensive and integrated suite of study start-up solutions.”
Financial terms of the deal were not disclosed. Clintrax Global will continue to operate as an independent company and its headquarters will remain in Raleigh, NC.
#b#New in Town#/b#
Continuity Centers, 105 College Road East, Suite 100, Princeton 08540; 609-452-7720, www.continuitycenters.com.
Continuity Centers, a data backup company, has opened a “workgroup recovery facility” at Princeton Forrestal Center.
“Our new Princeton location continues Continuity Centers’ efforts to deliver industry-leading disaster recovery and business continuity services to our customers throughout the Northeast,” said CEO Gregory R. Tellone. “This Class A office building is convenient to access and offers a wealth of on-site amenities that ensure the workgroup location is not just functional, but also a genuinely pleasant place to work.”
The 158,235-square-foot office building boasts two separate power feeds from two different substations, three emergency generators, fiber optic data connections from three different Internet Service Providers, and three cooling towers with a closed loop system.
The company appointed Joseph Riscica to head sales at the new facility as executive sales director.
Adents, 50 Millstone Road, Windsor Corporate Park, Building 100 North, East Windsor 08520; 609-452-0414, www.adents.com/en.
Adents Pharma, a French company that makes serialization software, has opened an office in Windsor Corporate Park.
Block Advisors, 16 Market Square North, Building 12, Plainsboro 08536; 609-275-1444; fax, 609-275-1667, www.blockadvisors.com.
Block Advisors, a tax preparation services company, has opened a location in Plainsboro Village Center.
Hermes, 666 Plainsboro Road, Suite 1281, Plainsboro 08536; 609-857-2030; fax, 609-269-2304. Shylaja Pabba, HR manager. www.hermesinfo.com.
Hermes, an IT consulting company, has opened an office on Plainsboro Road.
IDIA Co., 101 Morgan Lane, Suite 200 A, Plainsboro 08536; 609-865-4488, www.idialabs.com.
IDIA Labs, a business consulting company focusing on IT and data, has opened an office on Morgan Lane.
Kellton Tech, 3 Independence Way, Suite 209, Princeton 08540; 844-469-8900, www.kelltontech.com.
Kellton Tech, a software development company headquartered in Hyderabad, India, with offices around the world, has opened an office on Independence Way.
Systems General, 666 Plainsboro Road, Suite 1261, Plainsboro 08536; 609-270-5599, www.systemsgeneral.com.
Systems General, an IT consulting and software development company, has opened an office on Plainsboro Road.
Prazas Learning/Tabtor Math, 3228 Route 27, Second Floor, Kendall Park 08824; 732-230-2802; Raj Valli, CEO. www.tabtor.com.
The New Jersey Economic Development Authority has approved Prazas Learning Inc., an educational software company based on Route 27, for an $800,000 loan through the EDA’s Edison Innovation VC Growth Fund.
Prazas Learning, doing business as Tabtor Math, (U.S. 1, October 21, 2015) is an educational technology company that creates education products that make learning fun for students in kindergarten through eighth grade through its personalized tutoring programs.
“By combining world-class curriculum with personal attention from a dedicated tutor, our math program is tailored to every child’s unique learning needs,” Tabtor Math founder and CEO Raj Valli said.
According to the company, Tabtor Math has rapidly become the world leader in personalized, iPad and Android tablet-based math tutoring using a unique combination of digital analytics, personal tutors and patent-pending Active Replay Technology (ART). With more than 60,000 registered product users in 12 countries, the company says its students see a more than 90 percent improvement in math performance after just three months of use.
The loan “will have a lasting effect on Tabtor Math as it builds its presence in New Jersey,” EDA CEO Melissa Orsen said. “The Edison Innovation VC Growth Fund is ideal for businesses like Tabtor Math, who have already attracted interest funding from venture capital investors and are looking for additional assets to help them expand.”
As part of its growth strategy, Tabtor Math plans to maintain its current staff and create up to 10 new jobs in New Jersey over the next two years.
“We are extremely honored to be recognized for the revolutionary approach and fantastic growth we have demonstrated in the math education space,” Valli said. “A strong foundation in math boosts confidence in children and allows them to compete successfully in a knowledge economy. The support from EDA not only enables us to provide high quality and affordable math tutoring to millions of students, but to have a direct impact on the technology ecosystem in New Jersey.”
The Edison fund, founded in 2011, is a venture capital-backed fund for early-stage technology businesses based in New Jersey. For more information on the fund, visit www.njeda.com.
Integra LifeSciences Holdings Corporation (IART), 313 Enterprise Drive, Plainsboro 08536; 609-936-3600; fax, 609-275-5363. Peter Arduini, CEO and president. www.integralife.com.
DDH Integra LifeSciences, a medical technology company, has been awarded a $10.3 million contract with the Department of Defense to provide greater access to its specialty surgical solutions and orthopedics and tissue products.
The Defense Logistics Agency and the Medical Electronic Catalogue branches of the DOD will purchase medical materials from Integra through its partnership with Buffalo Supply, a Colorado-based company that specializes in federal medical supply contracts.
Howe Commons, 6 Todd Ridge Road, Titusville 08560; 609-737-8614; George Ackerman, leasing agent. www.howecommons.com.
The William P. Howe Commons, a historic office park on South Main Street in Pennington, has undergone a series of renovations since 2014 to bring the complex up to date and to make the property more energy efficient.
The green renovation is consistent with the mission of the building’s owner, the Electrochemical Society. Since 1998 Howe Commons’ principal owner has been the Electrochemical Society (ECS), which is headquartered in one of the Commons’ five buildings. The ECS is an international nonprofit educational organization that has advanced the theory and practice of electrochemistry and solid-state science since its inception in 1902.
Among its principal objectives is the advancement of technology related to sustainability and renewable energy. “Nearly all of the research that the Society publishes and presents at international meetings each year, contributes to the sustainability of our planet,” said ECS COO Tim Gamberzky.
“With a mission that focuses on scientific advancements in areas like renewable energy, ECS is committed to reducing its own carbon footprint and will continue to incorporate planet-sustaining research and technology innovations at our Howe Commons facilities.”
Since early 2014, the ownership of Howe Commons has undertaken extensive renovations to the property. Additionally, the property’s management company Pretium Property Management has orchestrated the installation of improvements to the buildings’ infrastructure all aimed at improving energy efficiency, including the replacement of inefficient lamps and light fixtures, lighting control upgrades, and the installation of new high-efficiency heating and air conditioning units.
“Pretium applauds ownership’s effort to redevelop the property and reduce energy consumption. We expect these improvements to have an immediate impact on economic performance and leasing velocity while dramatically reducing our carbon footprint,” said David Niven, COO of Pretium.
The renovations related to sustainability have been funded in partnership by Howe Commons ownership and through grants furnished through Local Government Energy Audit (LGEA) and Direct Install Programs. LGEA provides subsidized energy audits for buildings owned by local governments, New Jersey State Colleges and State Universities, and non-profit agencies while Direct Install, a division of the New Jersey Clean Energy Program, is a turn-key platform for small to mid-sized facilities to aid in upgrading equipment to more efficient types.
Children’s Home Society of New Jersey, 416 Bellevue Avenue, Trenton 08618; 609-895-0283; Donna C. Pressma, president and CEO. www.chsofnj.org.
The Children’s Home Society of New Jersey has moved its office from Franklin Corner Road in Lawrence to Bellevue Avenue in Trenton, to be closer to its clients.
MidJersey Chamber of Commerce, 423 Riverview Plaza, Suite 2, Trenton 08625; 609-689-9960; fax, 609-586-9989. Robert Prunetti, president and CEO. www.mercerchamber.org.
The MidJersey Chamber of Commerce has moved from Quakerbridge Plaza Drive in Hamilton to Riverview Plaza in Trenton, in a return to its roots. The chamber will celebrate its 150th anniversary in 2018, and is moving back to the city where it was founded by industrialist and engineer John Roebling. It is the state’s oldest chamber of commerce.
Nayak Corporation, 23 Orchard Road, Suite 202, Princeton 08540; 609-279-9050; fax, 609-279-9051. Om Nayak, president. www.nayakcorp.com.
Nayak Corporation, a company that makes power transmission simulation software, has moved from Wall Street to Orchard Road.
Donald Carroll, 71, on March 18. He was human resource director at Bristol-Myers Squibb.
Agnes Chech, 92, on March 22. She co-founded Kubiak Electric in Robbinsville together with her husband Frank, and continued to run the business after his death.
Robert D. Gunderman, 69, on March 23. He worked for many area businesses in warehouse management.
Manuel Ortiz-Moran, 94, on March 21. An immigrant from Cuba, Ortiz-Moran was one of a handful of doctors from Trenton General who founded Hamilton Hospital, which is now Robert Wood Johnson University Hospital-Hamilton.
John Tilton, 65, on March 18. He was a graphic artist for ABCO Printing in Robbinsville.