#b#Building Sold, But Small World Remains#/b#
A developer is buying a row of three buildings on Witherspoon Street that house Small World Coffee, the Princeton Army-Navy Store, and Lisa Jones Style, a women’s accessory store.
The buildings of Small World and the Army-Navy store were owned by Michael Bonin, who runs Princeton Army & Navy. Bonin is closing his store in January, but Small World will remain open under a long-term lease with the new owner.
Jeff Siegel, whose company ML-7 is in the process of completing the sale, said he doesn’t want to see the landmark coffee shop go away. “I am a longtime Princetonian, although I am now living in New York City, so I am always thrilled when I can purchase iconic properties in Princeton,” he said. “We were very focused on making sure that Small World Coffee had a long-term lease. They are a great Princeton business and an iconic store. Folks love them, and so do we.”
Siegel said that Lisa Jones has an existing lease, and that he is looking for a new tenant for the Army & Navy store location. Siegel also owns the buildings that house Agricola restaurant, the Princeton Record Exchange, and Moc Moc Sushi Restaurant. He also owns several properties in Forrestal Center.
#b#New Headmaster at Princeton Academy#/b#
Princeton Academy of the Sacred Heart has installed a new headmaster, Alfred F. “Rik” Dugan III, formerly an English teacher at Delbarton School, where he also coached football and lacrosse and served as an admission officer.
After nine years there, Dugan became the director of secondary school counseling and director of upper school at Far Hills Country Day School. He holds a bachelor’s degree from Williams College and a master’s degree from Columbia University.
Dugan began the job in July and was officially installed in a ceremony on November 14.
“This is an exciting time in the history of Princeton Academy, Rik’s enthusiasm is infectious and we are all thrilled to have him leading our boys, faculty and staff,” said Princeton Academy board chair Kenneth Harlan.
“As we build a shared vision for the tomorrow of Princeton of Academy, we realize that we must work together as one school, one family — for our boys and for our world,” Dugan said.
College Savings Bank, 5 Vaughn Drive, Princeton Metro Center, Wing B, Suite 304, Princeton 08540; 609-987-3700; fax, 609-987-3760. Peter A. Roberts, president. www.collegesavings.com.
College Savings Bank has been purchased by NexBank SSB, a bank headquartered in Dallas. NexBank said in a press release that College Savings Bank will keep its name and branding and continue to operate as a division of NexBank.
“This is a winning transaction for both parties involved, and an important move in our overall funding strategy,” John Holt, CEO and president of NexBank Capital.
College Savings Bank, founded in 1987, manages savings programs such as the Indiana CollegeChoice CD 529 savings plan and Arizona Family College Savings Program-bank plan.
NexBank did not disclose financial details of the deal.
#b#New in Town#/b#
Ansell Grimm & Aaron PC, 214 Carnegie Center, Suite 112, Princeton 08540; 609-751-5551; fax, 609-228-5433. David J. Byrne, www.ansellgrimm.com.
Ansell Grimm & Aaron, a law firm, has opened an office in Carnegie Center. The firm also has offices in Ocean, Woodland Park, New York, and Newtown, Pennsylvania.
Sage Day, 3635 Quakerbridge Road, Suite 18, Hamilton 08619; 609-270-9360; fax, 609-570-8218. Christine Sevilla MA, principal. www.sageday.com.
An alternative middle and high school for emotionally sensitive students has opened on Quakerbridge Road. Sage Day, which has campuses in several New Jersey locations, offers twice weekly individual and group psychotherapy in addition to accredited classes.
Donald Cabot Addison Jr., on November 23. Addison worked for the Mercer County Office of Economic Development and was also an affirmative action officer for the county. He later worked for the Trenton YMCA.
Hector Duke, 81, on December 3. He retired from IMO DeLaval Turbine in Hamilton in 1994 an served on East Windsor Council from 1997 until his death.
Brock Lovero, 66, on December 2. He was employed at Toll Brothers and was known as the man with “golden hands” for his ability to fix and build anything.
Robert A. Machin, 62, on November 27. He worked for Ritchie & Page Distributing Co. in Robbinsville, and was formerly the manager of Philip Arthur’s Restaurant in Hamilton.
Isaac J. Peck Jr., 69, on November 26. He was retired from Hunterdon Medical Center and was a longtime member of the Hopewell Fire Department.
Fern Sacks, 50, on November 29. She was a stylist at Arleen’s Hair Studio in Princeton Junction.