When I. Heller Construction Co. Inc. reorganized in 1995, shifting away from construction, he was named president of the new management entity, Heller Industrial Parks Inc. Today, the company is one of the largest privately held industrial real estate owners and developers in the nation, with some 16 million square feet of warehouse and distribution space in six states.
The cost of business THIS WEEK Raising red flags Businesses could face big fines Manufacturing companies in the state under a federal law designed to force hope incentives will help rebuild the companies to play detective against industry’s work force. identity fraud. Page 5 Page 17 Plans hit with double whammy Health Savings Accounts face premium ® Manufacturing Spotlight increases on high-deductible health insurance plans. Page 5 $2.00 MAY 31, 2010 www.njbiz.com Drawing up Xs and Os N.J. aims to speed of Super business plan tax appeal process Come kickoff, firms don’t want to be on sidelines Getting involved in politics BY ANDREW KITCHENMAN prise the loudest cheering section Conferences designed to clear backlog of years-old cases AND BETH FITZGERALD for the game, plenty of other busi- Jersey Call to Service summit encourag- es employees to become more involved IN THE DAYS since the state ness categories stand to benefit, BY ANDREW KITCHENMAN in local government. Page 5 learned the Super Bowl will be including retail and construction. NEW JERSEY BUSINESS owners are finding themselves under pressure to gear up played at New Meadowlands Already, Giants co-owner Steve for their tax appeals, in response to a new state initiative to schedule tax appeal Stadium in 2014, New Jersey Tisch said, business owners are conferences more quickly. business owners have been “asking themselves, ‘How can we The state Division of Taxation said it wants to reduce the backlog of cases, drawing up plays to make sure be a part of it?’” and it’s clear he some of which date back more than two years. they’re in the running for eco- means more than just limousine “The initiative helps reach our goal of providing taxpayers with an informal nomic rewards come kickoff. drivers and party planners. administrative conference in an expeditious manner,” said state Treasury spokes- And while Meadowlands- John Holub, executive man Andrew Pratt. “Beyond that, it helps the division to be aware of what issues area hotels and sports bars com- ➤➤ See SUPER on page 10 ➤➤ See TAX on page 10 Making It Christina Mazza Montclair nonprofit opens its arms to the community to collect donations in a Jeﬀ Milanaik, president down economy. Page 12 Suite Escape of Heller Industrial Parks, in Edison, joined the ﬁrm in 1987 as Shining a light on energy savings Find out which executive likes to hide out a leasing and sales from the “Jersey Shore” crowd. Page 12 representative. Political Exchange Legislators spar over the defeated mil- lionaire’s tax. Page 14 Heller president powers solar adoption with new offerings Corner Office A nonprofit executive praises the BY EVELYN LEE governor’s Red Tape Review Group FIFTEEN YEARS ago, he helped to guide his company for focusing on economic growth and through its transition from a construction business to a development. Page 15 real estate investor and developer. These days, Jeff Milanaik, president of Edison- NJBIZ Poll based Heller Industrial Parks, is once again leading More than 43 percent of voters said the his firm through major changes as it invests in a trio of Super Bowl in the Meadowlands would new initiatives that aim to attract and retain tenants in act as an economic engine for N.J. a troubled economy. companies. Page 15 In the past two months, Heller has launched a new
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