Heartland Payment Systems (HPY), 902 Carnegie Center, Suite 430, Princeton 08542; 888-798-3131; Robert Carr chairman &CEO. www.heartlandpaymentsystems.com.
Heartland Payment Systems, the credit card processing company based at 90 Nassau Street, has signed a 10-year lease with Hilton Realty for 22,414 square feet at 300 Carnegie Center.
Heartland is the first company to commit to space in the building, which is currently being developed by Hilton. The balance of the three-story, 88,000-square-foot building, including a 4,373-square-foot, pre-built unit, is available for lease. The building is scheduled for completion in June (U.S. 1, October 10, 2012).
Heartland will be combining its finance and marketing teams from its locations at 902 Carnegie Center and 90 Nassau Street into 300 Carnegie Center, says Bob Baldwin, Heartland vice chairman. The company will continue to maintain 90 Nassau Street as its corporate headquarters. Occupation is expected during the late second quarter or early third quarter of this year.
Baldwin says that there will be additional growth and hiring in association with the new space, but the company does not have any specific information at this time.
“We’re honored that Heartland Payment Systems chose Hilton Realty and 300 Carnegie Center to accommodate its Princeton office requirements,” said Matt Malatich of Hilton Realty. “We approached the development of 300 Carnegie Center with the belief that superior construction in a great location will attract Fortune 1,000 companies such as Heartland Payment Systems.”
Chambers Street Properties, 47 Hulfish Street, Suite 210, Princeton 08542; 609-683-4900; Charles W. Hessel, senior vice president acquisitions. www.cbreinvestors.com.
Chambers Street Properties, based at 47 Hulfish Street, has acquired 701 and 801 Charles Ewing Boulevard — a 110,765 square foot, two-building laboratory and office campus in Princeton South.
The single- and two-story buildings were built in 2009 and are fully leased to the FMC chemical company on a long-term lease. “These are high quality buildings in a stable submarket with sub-6 percent vacancy and very limited supply, especially for the kind of specialty lab and research space provided by these buildings,” said Phil Kianka, executive vice president and COO for Chambers Street Properties. “We have an excellent tenant that has an historical commitment to the area.”
Two days after the Princeton South deal, Chambers Street announced it had acquired Mid-Atlantic Distribution Center – Building A, a 672,000 square foot warehouse/distribution facility in Perryman, Maryland. It was the company’s second purchase in Harford County’s I-95 corridor. In November the company acquired Gateway at Riverside, an 801,000-square-foot industrial Class A warehouse/distribution facility in nearby Belcamp.
Chambers Street added some 5.5 million in net rentable square feet to its portfolio in 2012, mostly fully leased office and warehouse/distribution properties. In December the company closed on a 1 million-square-foot state-of-the-art logistics facility in Koblenz, Germany.
Chambers Street Properties, organized in 2004, changed its name from CB Richard Ellis Realty Trust in July. The company is a self-administered real estate investment trust that focuses on investing in office and industrial (primarily warehouse/distribution) properties located across the major metropolitan in the United States and internationally.
Navience Healthcare Solutions, 5 Vaughn Drive, Suite 101, Princeton 08540; 609-688-1900; John Shamsey, principal. www.naviencesolutions.com.
Navience Healthcare Solutions, a healthcare and pharmaceutical consulting firm, has moved from 34 Chambers Street to 5 Vaughn Drive.
#b#New in Town#/b#
SA Technologies, 5 Commerce Way, Suite 204, Hamilton 08691; 609-964-0551; fax, 609-964-0552. Manoj Joshi, CEO. www.satincorp.com.
SA Technologies, a computer consulting firm, has opened an office at 5 Commerce Way in Hamilton.
Based in Santa Clara, California, the company specializes in Oracle consultation and also offers IT services in staffing, healthcare, government, and business intelligence. The company also has locations in Texas, Canada, Singapore, and India.
Essential Power Services LLC, 150 College Road West, Princeton ; 732-623-8700; Tom Rainwater, president & CEO. www.essentialpowerllc.com.
Essential Power Services LLC is relocating its headquarters from Iselin to a 14,515-square-foot office at 150 College Road West.
The location will serve as headquarters for the company, which markets and sells capacity, energy, and ancillary services, according to Colliers International New Jersey which arranged the long-term lease.
“Essential Power Services had outgrown its current location and was looking for a property in Princeton,” said Ward Greer, a senior managing director with Colliers International who represented the tenant in the transaction.
The building is owned by 100 & 150 College Road West Holdings. Aubrey Haines, of Mercer Oak Realty, represented the landlord in the transaction.
Einstein’s Alley, the non-profit promoting economic development in central Jersey, added Darren Hammell, COO and co-founder of Princeton Power Systems, Ryan Stark Lilienthal, a Princeton attorney specializing in immigration law, and Michael Palladino, dean of science at Monmouth University, as new members of its board of trustees.
Richard ‘Duke’ Kimball, 44, on January 21. He was head professional at Hopewell Valley Golf Club, and formerly worked at Royce Brook and at Somerset Hills Golf Club.
Suzanne H. Good, 71, on January 10. Prior to her retirement, she was employed as an executive assistant with Mobil Oil in Pennington for 20 years.