Another Tenant for Former BMS Campus
A subsidiary of Croda International, a British specialty chemical company, is moving its headquarters to 70,000 square feet of office space at the former Bristol-Myers Squibb complex in Hopewell.
Commercial real estate firm Colliers International Group secured the long-term lease within the corporate campus, now known as Princeton Forrestal Innovation Park, at 777 Scudders Mill Road in Plainsboro. The lease will last at least 10 years.
A Colliers team led by Charlie Hatfield, along with Brett Incollingo and JLL’s Tom Romano, represented the landlord, Trawler Capital Management, in the transaction. The same team previously completed a lease for Genmab at the property, making the international biotechnology company the campus’ first tenant following the relocation of Bristol-Myers Squibb. Combined, the Croda and Genmab leases total approximately 160,000 square feet. Jeff Garibaldi and Jackie Madden of the Garibaldi Group represented Croda.
The property consists of three, five-story, 220,000-square-foot office buildings that were designed by the Hillier Group.
“Croda’s relocation of its U.S. headquarters comes on the heels of a similar transaction for Genmab, a clear indication that Princeton Forrestal Innovation Park is attractive to these types of tenants,” Hatfield said. “In each case, these companies conducted an exhaustive search and vetted the buildings and complex with their architects and engineers to affirm that the complex was built to a standard that far exceeds that of other Class A buildings in the market. ”
Hospital Group Partners to Improve Patient Safety
Three hospital associations in New Jersey, Ohio, and Pennsylvania have created an organization called Q3 Health Innovation Partners, a new joint venture to improve health quality and patient safety.
Q3HIP is comprised of the Alexander Road-based New Jersey Hospital Association, the Ohio Hospital Association and the Hospital and Healthsystem Association of Pennsylvania. Building on the quality improvement track records of each of the three associations, Q3HIP’s vision is to collaborate in innovative research, quality improvement, and population health strategies to advance the health and well-being of 33 million people, including nearly 6 million Medicare beneficiaries, living in New Jersey, Ohio and Pennsylvania.
“Each of our associations has been part of the national Partnership for Patients initiative to improve healthcare, but our shared vision for better health doesn’t stop at state boundaries,” said NJHA CEO Cathy Bennett. “By combining our expertise and resources in a regional approach, we can bring better care to our communities and greater value to our healthcare system.”
Past focus areas under CMS’ Partnership for Patients have included efforts to reduce post-surgical infections, medication errors, patient falls, pressure injuries, and readmissions within 30 days following a hospital stay. Between 2010 and 2014, the collective work of this national effort reduced the incidence of these complications by 21 percent, resulting in $28 billion in healthcare cost savings. While previous efforts have focused on quality healthcare for older adults, Q3HIP envisions a broader focus into areas including maternal health and opioid stewardship.
Jack Joseph Bertolino, 89, on October 21. He was worked for the New Jersey Education Association for 36 years, retiring in 1993. In 2009, to honor his legacy as an organizer, an advocate, and a champion of public school employees, the NJEA Summer Leadership Conference was changed to bear his name. Services will be held on Saturday, November 16, at 10 a.m. at Pennswood Village, 1382 Newtown-Langhorne Road in Newtown, Pennsylvania.
David Austin Churchill, 72, on October 16. He was a successful businessman and, along with his brother Ben, co-owner of Mercer Oxygen and Supply Company in Trenton until his retirement in 2007. Services will be held at 1 p.m. on Friday, November 15 at the J. Allen Hooper Funeral Chapel at 41 West Trenton Avenue in Morrisville.
Robert R. Demers, 82, on October 29. He was a mechanical engineer for RCA for 42 years.
Janet Pellichero, 54, on October 28. She was employed with Princeton Township for about 20 years and most recently went to work for West Windsor Township as a recycling coordinator.