#b#Kusher Group Purchases Plainsboro Apartment Complex#/b#

Kushner Real Estate Group has entered into a partnership with Goldman Sachs Asset Management (GSAM) Private Real Estate to acquire Addison at Princeton Meadows, a 439-unit garden apartment community (pictured at right) on Pheasant Hollow Drive in Plainsboro.

The founder of Kushner Real Estate Group is Murray Kushner, and his son, Jonathan Kushner, serves as president. Murray is the estranged brother of the developer Charles Kushner whose son, Jared Kushner, is the son-in-law of President Trump. KRE develops and owns properties in New York State, New Jersey, and Pennsylvania, owning or managing about 6 million square feet of commercial space and 9,000 apartments. GSAM has about $1.7 billion in real estate assets.

Addison at Princeton Meadows is located just off of Dey Road, about five miles from downtown Princeton. The new owners say they will renovate the interior of the apartments and the amenities of the property, which include tennis courts, a pool, and a gym. Gebroe-Hammer Associates represented the seller, Harbor Group International LLC, in the transaction.

“We find this investment compelling due to its location within a high barrier-to-entry market, its access to high-quality public education, and the opportunity to create value through a strategic capital program,” said Joe Gorin, a managing director of GSAM Private Real Estate.

#b#Management Moves#/b#

MidJersey Chamber of Commerce, 423 Riverview Plaza, Suite 2, Trenton 08625. 609-689-9960. www.mercerchamber.org.

The MidJersey Chamber of Commerce has chosen a CEO as well as a new CFO/COO. The new CEO is Thomas F. Curtin, who was previously the web publisher of NJBiz. Curtin replaces former Mercer County Executive Bob Prunetti, who was CEO of the Mid­Jersey Chamber from 2010 until May, when he departed the job amid differences with the organization’s board of directors over the future of the group and his role as CEO. (U.S. 1, May 10, 2017.)

According to his LinkedIn profile, Curtin was previously vice president and publisher of the American Banker and an account representative for Moody’s, and is a 1984 graduate of Saint Francis University.

“Curtin brings a wealth of knowledge and experience to the chamber,” said board chair Paul Kuhl. “His professional experience, ability to communicate, and passion for our work makes him uniquely qualified to lead our chamber into the future. “

The chamber will hold a reception for the new CEO Thursday, August 10 from 5:30 to 7:30 p.m. at the Mercer County Boat House. Tickets are $35, $25 for members.

The new CFO/COO is Janell Zoratti, who was CFO of the Mid­Jersey Chamber from 2010 until 2016.

Zoratti, a Rider graduate, started at the MidJersey Chamber 12 years ago as an administrator. She left the chamber in 2016 to become a business manager at Connoisseur Media, the company that owns 94.5 WPST.

United Way of Greater Mercer County, 3150 Brunswick Pike, Suite 230, Lawrenceville 08648. 609-896-1912. Sandra Toussaint-Burgher, president/CEO. www.uwgmc.org.

Jennifer Woods of the Robert Wood Johnson Foundation has become the new board chair of United Way of Greater Mercer County.

Woods, who has been a United Way board member for the last two years, joined the Robert Wood Johnson Foundation in 2014 as staff development officer. Previously, she was an associate program manager of training with Rutgers University School of Social Work New Jersey Child Support Institute. She has held numerous training and development roles in both corporate and nonprofit organizations.

Woods earned a bachelor’s degree from Douglass College/Rutgers University and a master’s from Montclair State. A New Jersey native, she lives in North Brunswick. She replaces Scott Nelson, who served as the organization’s board chair for three years.

In addition, several members of the board finished their terms: Vito Mastro, Matthew Graglia, Michael Conlan, and Thomas Romano.

#b#Deaths#/b#

James Branham, 67, on July 1. He was an illustrator and graphic designer who worked for Mathematica, Dana Advertising, and as a freelance graphic artist.

Eleanor Irene Lawton, 93, on July 24. She was one of the first deposit operations managers for Yardville National Bank.

Thomas Zeyack, 89, on July 26. He owned and operated Tom Zeyack Roofing in Trenton.

Gabriel Michael Pilenza, 92, on July 29. He owned and operated the Grotto Restaurant in Princeton for more than 35 years.

John P. “Jack” Belli, Sr., 92, on July 30. He was a co-owner of the Belli Company, a construction firm founded by his father. Projects include the St. Francis Hospital, Mercer Community College, the Labor and Industry Building, the New Jersey State Museum, and West Windsor High School South.

Michael O’Nan, 73, on July 31. He retired in 2011 as a professor of mathematics at Rutgers University, where he worked for 48 years.

Josephine Rita Belardino, 70, on August 2. The Hamilton entrepreneur created Belardino’s Manufactured Macaroni Products and Little Jo’s Diet Delites.

Donald J. Brodowski, 83, on August 3. He was a graduate of Trenton Junior College, where he was credited for the creation of the still-current Viking mascot of Mercer County Community College.

George E. Abel, 62, on August 3. He was a third generation owner of E.J. Koenig, Inc., of Bordentown, and later an account manager at Hough Petroleum in Ewing.

Joseph Merk, 83, on August 5. He was vice president of human resources at Carrier Clinic.

Steven I. Biro, 93, on August 7. Biro worked for the RCA Space Center and later founded Biro Engineering, a consulting company focused on the cable TV industry.

Facebook Comments