Fast Lane: On the Move

Trenton Hotel Reaches Deal with Wyndham
After almost a year of negotiations, the owners of the Lafayette Yard Hotel and Conference Center on State Street in Trenton have reached a deal with Wyndham Hotels.

The former Trenton Marriott was owned by the city of Trenton from its 2002 opening until it was sold to family-owned Edison Holdings at an auction in November. Marriott pulled out of the hotel in June, when Lafayette Yard was still owned by the city. At that time, the board that controlled the hotel told the press they were pursuing a deal with Wyndham.
Neither Wyndham nor Edison has announced its terms.
Expansions
Ocean Power Technologies (OPTT), 1590 Reed Road, Building A, Suite 1, Pennington 08534; 609-730-0400; fax, 609-730-0404. Frederick Dunleavy, CEO. www.ocean­powertechnologies.com.
Ocean Power Technologies has received $5 million of a $65 million grant from Australian Renewable Energy Agency for its subsidiary, Victorian Wave Partners, to build a wave power station of the Australian coast.
The renewable power company, based on Reed Road in Pennington, created Victorian Wave Partners as a “project-specific energy” to construct the planned power station, which will be off the coast of Portland. The project will use Ocean Power’s PowerBuoy Wave Energy Systems to generate enough energy to supply 19,000 homes (about 19 megawatts.)
Management Moves
Heartland Payment Systems (HPY), 90 Nassau Street, Third Floor, Princeton 08542; 888-798-3131; fax, 609-683-3815. Robert Carr, CEO. www.heartlandpaymentsystems.com.
Heartland Payment Systems has hired Samir Zabaneh as its new CFO. The Nassau Street-based payment processing company brought Zabaneh on board from a previous post as CFO at Moneris Solutions Corporation, a Toronto-based payment processor. Zabaneh is a graduate of Northeastern University, with a master’s from Boston College and an MBA from Suffolk University.
Crosstown Moves
Vitale Inspection Services LLC, 77 Concord Avenue, Hamilton 08619; 609-588-8668; fax, 609-588-8668. Carlo Vitale, president/inspector. www.vitaleinspection.com.
Vitale Inspection Services LLC has moved from Quakerbridge Commons to 77 Concord Avenue in Hamilton.
Downsizing
Triassic Technology Inc., 57 Hamilton Avenue. www.triassictechnology.com.
Triassic Technologies, an environmental consulting company, has closed its office on Hamilton Avenue in Hopewell. Its seven employees now work from home offices. The company’s owner, Gil Oudijk, lives in Brazil.
Karen Polidoro, president of the company, says closing the office was a cost-reduction measure that also made life more convenient for the employees, who spend a lot of time on-site with clients anyway. Much of Triassic’s business involves industrial site cleanup.
Leaving Town
Distinctive Design and Supply, 87 East Broad Street, Hopewell.
Distinctive Design and Supply, a specialty building materials distributor, has closed its Hopewell location. Its listed phone number and web site were disconnected.
Deaths
Lawrence Peter Shemley, 65, on April 3. He worked for Ronson Aviation and was later a computer programmer for Cenlar Central Loan Administration in Trenton.
Tim Moore, 64, on April 3. He was a consultant and product manager for 3M Health Care in Princeton.
Kathleen Renz, 72, on April 3. She was a microbiologist and director in regulatory affairs at Bristol-Myers Squibb.
Hendrick Vanderheiden, 61, on April 4. He worked at Air Products in South Brunswick for 20 years.
John P. Mahon, 66, on April 4. He was an Internal Revenue Service agent for more than 40 years.
R. Peter Hodge, 77, on April 5.  He had been owner and director of Mather-Hodge Funeral Home since 1971 and served as director of the YMCA of Princeton.