MetroWest495 Biz

MetroWest495 Biz | October 2015 5 Roundup New president named at Middlesex Savings Bank Natick-based Middlesex Savings Bank commits to continued independence under new president Michael McAuliffe. The bank made the announce- ment of McAuliffe's appointment, saying McAuliffe will collaborate with John Heerwagen, chairman and CEO of Middlesex Savings, to set the vision for the bank, which includes maintaining its mutual and independent structure. McAuliffe joined Middle- sex last year as executive vice president and chief commercial banking officer. Under his direction, the commercial division experienced year-over-year growth of more than 15 percent, which added close to $200 million in net commercial loan portfolio growth, the bank said. Boston Scientific renews alliance with heart valve replacement colleague Marlborough-based Boston Scientific announced it is providing a new round of financing for MValve Technologies, which operates in Herzliya, Israel and San Diego. The companies are linked through their work on mitral regurgitation, a common heart valve disorder. The latest investment, the amount of which was not disclosed, continues their three-year alliance toward development of a replacement valve. Further, Boston Scientific could purchase MValve in the future, the company announced. It has provided the company with funding since 2012, and has an exclusive option to acquire it. Diversification moves by Hudson solar company New England Clean Energy of Hudson has di- versified its product offerings. In a statement, Mark Durrenberger, president of the nine-year-old com- pany, said New England Clean Energy is now selling ductless "mini-split" heating and cooling systems, and solar attic fans. Founded in 2006, the company has been known primarily as a designer and installer of solar (photovoltaic) systems for homes and busi- nesses. Meanwhile, the company has also expanded its customer base into northeastern Connecticut. Solect Energy the choice of Boston energy consortium Energy-buying consortium PowerOptions has chosen Hopkinton-based Solect Energy to lead its Small Systems Solar program, the companies an- nounced. PowerOptions, based in Boston, serves nonprofit and public entities.The Small Systems Solar program, which builds on PowerOptions' Large Scale Solar program, is designed to provide savings for smaller systems of less than 300 kilowatts. It does that by "streamlining the process with pre-negoti- ated, competitively priced solar power structured to capture the benefits of tax incentives for nonprofits and government entities," the statement said. Growth quarter for SimpliVity of Westborough Westborough-based SimpliVity has announced continued growth in its third quarter, growing sales by more than 50 percent over the previous quarter. The privately held computer infrastructure company announced earlier this week that, as of Sept. 30, it had grown its sales with more than 50 percent of revenues coming from outside of North America. SimpliVity continued to expand its partners in the third quarter, according to a release from the company, implement- ing more than 200 OmniStack Integrated Solutions with Cisco UCS. Boston Scientific stent gets FDA go-ahead A drug-delivering and self-dissolving arterial stent made by Boston Scientific has received Food and Drug Administration approval, the Marlborough- based company announced. Boston Scientific's SYNERGY Bioabsorbable Polymer Drug-Eluting Stent System (BP-DES) has been approved for the treatment of coronary artery disease. It is the only stent of its kind in the country, according to the company. With this FDA approval, the company will begin commercialization of the stent system, Boston Scientific said in a statement. Marlborough office building, parcel sell for $4.7M A 50,000-square-foot office building and an adjoining property have sold in Marlborough for $4.7 million. The single-story office building at 630 Forest St. was sold for $3.8 million with an adjacent 8.35- acre parcel going for an additional $900,000, accord- ing to brokers New Dover Associates Inc. All of the property is fully leased to Verizon New England Inc. The sellers were 630 Forest Street Realty LLC and 686 Forest Street Realty LLC, respectively, and the buyer of both properties was Yellow Brick LLC. Scott R. Hughes, president of New Dover Associates Inc. of Framingham, brokered the sale of both properties. CLP Resources spreading out The lease of 7,150 square feet in Marlborough has nearly doubled the office space of CLP Resources Inc., a subsidiary of publicly traded Trueblue Inc., according to a release from Bret O'Brien, president of Greater Boston Commercial Properties, who facili - tated the lease. CLP Resources placed its staffing office in 4,000 square feet at the location in 2013. The latest lease represents a renewal of that initial lease and an expansion into new office space that will serve the company's payroll department, according to O'Brien. Marlborough Hospital adds nicotine testing for employees UMass Memorial-Marlborough Hospital has announced a nicotine-free hiring policy for new employees. Nicotine will now be included in the laboratory drug screening applicants undergo after receiving an offer of employment from Marlborough Hospital, according to hospital spokeswoman Ellen Carlucci. Drug screening is done in conjunction with the required pre-employment medical evaluation, she said. "Hiring nicotine-free employees is part of a larger effort to be a role model in our community by setting a healthy example," Francis Meringolo, vice president of human resources, said in a statement from the hospital. Chain pharmacy faces opposition The arrival of a CVS store in a local town might not sound like a big deal. But in Hopkinton, the planned opening of a branch of the chain pharmacy has caused worry about the fate of small businesses and small-town life. Earlier this year, much-loved local grocery store Colella's Supermarket, located at the center of town, closed. Waltham-based developer Crosspoint Associates Inc. bought the property and, after failed attempts to entice another food store to the location, signed a 20-year lease with CVS. Op- position to the corporate newcomer has been intense, with dozens of locals speaking against the project at public meetings and picketing the site with signs. Ac- cording to the opposition group No CVS in Hopkin- ton, 2,800 people have signed a petition opposing the store. Bill would make owners of underground storage tanks more liable Marlborough residents and city leaders shared stories of well-manicured backyards turned into fields of testing wells, homes placed under environ- mental restrictions and the continuous loss of home equity as a result of a 2012 gasoline leak. For two and a half years, four families have coped with living on contaminated soil while the gas-station owner whose underground storage tank leaked fuel into the soil and groundwater "has been allowed to get away with atrocious crimes," Rep. Danielle Gregoire said. Gregoire introduced two families and a handful of Marlborough city councilors to the Joint Commit- tee on Financial Services as she sought support for a bill that would put more liability on the owners of underground storage tanks by requiring that they carry at least $10 million in liability insurance to pay for remediation of contamination. Architect, manufacturer move to Marlborough office building The office building at 239 South St. in Hopkinton will be the new home of Gorman Richardson Lewis Architects and the Massachusetts office of Electronic Fluorocarbons, leasing out 8,009 square feet of space, according to Greater Boston Commercial Properties. The long-term lease of Gorman Richardson Lewis Architects will see the organization move from 77 Main St. in Hopkinton, where it has been located for the last 15 years. The organization will take over the 6,685-square-foot top floor of the three-story office property. Electronic Fluorocarbons has signed on to lease 1,324 square feet on the second floor of the building for its Massachusetts management office of its manufacturing operations. eClinicalWorks increases its real estate Westborough-based information technology firm eClinicalWorks will more than double the number of employees at its headquarters following the purchase of a 200,000-square-foot property from EMC Corp. "We wanted to make things as convenient for our employees as possible," eClinicalWorks Spokes- person Heather Caouette said of the site that is a EVERYTHING YOU NEED TO KNOW ABOUT METROWEST s page 6 TJX COS. LEADERSHIP TRANSITION ANNOUNCED The board of the off-price retailer TJX Cos. Inc. has announced it will promote a replacement for longtime CEO Carol Meyrowitz from within, naming current president of the company Ernie Herrman as her successor. The transition will take place at the end of the Framingham-based compa- ny's fiscal year on Jan. 31, 2016, the board said. Meyrowitz will transition from her role as CEO and board chairman to executive chairman of the board under a three-year agreement to advise the company. Meyrowitz, 61, has served as CEO of the company for the last nine years.

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