3/20/2017 NJEDA Application for Financial Assistance

***************************************** OFFICIAL COPY

APPLICATION SUBMISSION DATE ­ 10/24/2016 12:22:19 PM *****************************************

APPLICATION NUMBER: 209423

Application Date: 10/24/2016

Who is your NJEDA contact? Christina Fuentes

Products Selected: Grow New Jersey Program

Application Fee: $5,000

Payment Method: BYCHECK

Applicant Organization Information

Applicant Organization Name: Conner Strong & Buckelew Companies, LLC (legal name without abbreviations)

Federal Employer's I.D. No. (FEIN): 21­0718159

Doing Business As Name: N/A

Holding Company Name: N/A

Authorized Representative: John Muscella

Authorized Representative Title: Chief Financial Officer

Authorized Representative Email Address: [email protected]

Is the Organization's address the same as the Contact's YES address?

County: Burlington

Telephone Number: (856)552­4500

Website Address: www.connerstrong.com

Number of Employees: 334

Media Contact Name Daniel Fee

Media Contact Telephone Number 2157043160

Media Contact Email Address dan@echo­group.com

NAICS Number: 524298

(To find this number, look to the federal determination provided when the applicant entity was formed, or visit the following link to determine based upon current business functions, http://www.census.gov/epcd/www/naics.html.)

Conner Strong & Buckelew is a national firm offering clients Nature of Business: advice and solutions in risk, strategy and people.

Please provide a detailed company background and profile, together with a brief history and description of the applicant's business (including principal products and services) : Conner Strong & Buckelew, founded in 1959, is among America’s largest risk management, employee benefits and file:///I:/Business%20Development/Regional%20Business%20Development/Shared%20Business/Community%20Development/CFuentes/ConnerStrong&Buc… 1/14 3/20/2017 NJEDA Application for Financial Assistance Conner Strong & Buckelew, founded in 1959, is among America’s largest risk management, employee benefits and insurance consulting firms. It has offices in New York, New Jersey, Pennsylvania, Delaware and Florida. The national firm is an industry leader in providing high­risk businesses with comprehensive solutions to prevent losses, manage claims, and drive bottom line growth. Its employee benefits practice focuses on providing best­in­class benefits administration, health and wellness programs and strategic advisory services.

The company provides risk and insurance services to a wide­range of industries including but not limited to aviation, construction, education, healthcare, hospitality & gaming, life science & technology, public entity and real estate. Additionally, Conner Strong & Buckelew and its affiliates offer a number of innovative and specialty solutions which include captive strategies, construction wrap­ups, executive risk, safety and risk control, and private client services.

Year Established: 1959

Ownership Structure: Limited Liability Co.

State of Incorporation/Formation: NJ

List all Officers, Directors or Owners with a 10% or more interest.

US Permanent Name Position Citizen Resident See Attached Disclosure of Owner/Partner ­ NA NA Ownership 100%

Principal Bank Reference Information

Bank Name Contact Name Contact Telephone Number Contact Email Address M&T Bank Bill Cornelius (856)889­1847 [email protected]

Legal Information

Name of counsel to applicant: Heather A. Steinmiller

40 Lake Center Executive Park 401 Rt. 73 North, Suite 300, Address: P.O. Box 989, Marlton, NJ 08053

Telephone: (856)552­4784

E­mail: [email protected]

Accountant Information

Accountant name: George Beppel

Ragone, Lacatena, Fairchild & Beppel, 76 E. Euclid Avenue, Address: Suite 200, Haddonfield, New Jersey 08033

Telephone: (856) 795­9650

E­mail: [email protected]

Has the applicant, or any related parties, previously received EDA assistance? NO

Applicant Contact Information

Salutation: Mr.

First Name: John

Middle Initial:

Last Name: Muscella

Suffix:

Title: Chief Financial Officer

Company: Conner Strong & Buckelew

Mailing Address: 401 Rt. 73 North, Suite 300

Address Line 2: PO Box 989

City/Town: Marlton

State: NJ file:///I:/Business%20Development/Regional%20Business%20Development/Shared%20Business/Community%20Development/CFuentes/ConnerStrong&Buc… 2/14 3/20/2017 NJEDA Application for Financial Assistance State: NJ

ZIP Code: 08053

Telephone Number: 856­552­4770 Ext.

Fax Number: 856­552­4771

Email Address: [email protected]

Consultant Contact Information

Contact Name: N/A

Contact Title: N/A

Company: N/A

Address: N/A

Address Line 2:

City: N/A

State: NJ

ZIP Code: 11111

Phone: (111)111­1111

Email: [email protected]

Project Information

Project Location

Street Address: Caruso Place

Address Line 2:

City/Town: Camden City

State: NJ

ZIP Code: 08102

County: Camden

Block Lot 81.06 3.01 81.06 3.02

Census Tract: 340076103.00

Is the project located on property that was wholly or substantially damaged or destroyed as a result of a NO Federally­declared disaster?

Current Location

Street Address: 401 Rt. 73 North, Suite 300

Address Line 2:

City/Town: Marlton

State: NJ

ZIP Code: 08053

Is the current location leased or owned? LEASED

When does the lease end? 2019­03­01

Applicant wants to consolidate its dual headquarters and the Reason for leaving: existing space is too small to accommodate both existing sites.

Square Footage: 53,212 file:///I:/Business%20Development/Regional%20Business%20Development/Shared%20Business/Community%20Development/CFuentes/ConnerStrong&Buc… 3/14 3/20/2017 NJEDA Application for Financial Assistance Square Footage: 53,212

Timeframe for moving out: 3/1/2019

Alternate Location

Street Address: 1601 Market Street

Address Line 2:

City/Town: Philadelphia

State: PA

ZIP Code: 19130

Will the Alternate location leased or owned? LEASED

Square Footage: 95,378

Estimated capital investment (different from total 4735517.60 projects):

Project Description

Please provide a narrative description as fully and precisely as possible of the project, including acquisition, lease and renewal terms, construction or expansion plans, current and future uses by the applicant, size of existing and proposed facility, and/or project occupant(s) of the building(s) and/or equipment to be acquired or upgraded:

The Applicant proposes to relocate its office headquarters to Camden, NJ. The Applicant currently has dual headquarters located in Marlton NJ and Philadelphia, PA. The Applicant will move 172 employees (157 Grow qualified) from Marlton to Camden; move 98 employees (96 Grow qualified) from Philadelphia to Camden; and create 15 new jobs in Camden. Camden Waterfront Development Overview: The proposed Camden Tower Office Building, identified as building “C­1” on the Camden Master Plan prepared by Robert A.M. Stern Architects dated August 1, 2016, is part of the Liberty Property Trust (Liberty Property Trust and Liberty Property Limited Partnership are collectively referred to as “LPT”) comprehensive vision for a mixed­use urban waterfront comprised of office, retail, and residential space, and accompanying structured and surface level parking in the City of Camden. The development site presently consists of eight separate tax lots, and is located north of Market Street, south of Pearl Street, and west of Delaware Avenue, in close proximity to the