Bell Works at 101 Crawfords Corner Road in Holmdel — Photo by Barrett Doherty Images / Courtesy: Inspired by Somerset Development
By Joshua Burd
A flurry of new leases and extensions at Bell Works in Holmdel has set the stage for what its owner says will be a strong second half for the distinctive 2 million-square-foot campus.
Inspired by Somerset Development, the firm behind the Crawfords Corner Road property, said it secured deals with 21 office tenants during the first two quarters. That includes new leases and extensions across both traditional office spaces and Bell Works’ move-in-ready suites with flexible, short-term options, ensuring a vibrant daytime population alongside the property’s vast retail, culinary and entertainment offerings.
Among the new leases signed are a 6,564-square-foot commitment by Prudential Financial Inc. and a 6,098-square-foot deal with cybersecurity firm MF Cyber, while health care revenue cycle management company Coronis Health took 4,366 square feet. Activity by existing tenants included a deal by JCP&L, the electric utility, which extended its lease on 64,553 square feet of office space and 5,317 square feet of storage space.
According to a news release, the momentum came alongside strong leasing activity at the landlord’s Bell Works property in Hoffman Estates, Illinois, and an expansion of the brand to Fort Monmouth in New Jersey. Inspired is also advancing several residential projects, with additional developments in the pipeline.
“This first half of 2025 has been an im pressive period for Inspired, highlighted by major leasing wins across the Bell Works portfolio and the announcement of our third location, Bell Works Fort Monmouth,” CEO Ralph Zucker said. “While our Bell Works portfolio continues to show strong momentum, our residential presence has also expanded significantly. We’re especially excited to launch our newest luxury condominium project, LIDO Asbury Park, and are making significant progress on other developments like The Towns at Bell Works Chicagoland and The Inkwell Lofts in Long Branch. We’re eager to build on that momentum throughout the rest of the year.”
The firm’s first-half leasing surge included momentum at coLab, Bell Works’ official coworking membership experience offering flexible workspaces such as shared and dedicated desks, private executive offices and team suites, the news release said. In response to strong demand, Inspired in June launched a space known as coLab Mashup that spans more than 13,000 square feet.
Following the expansion, both locations saw the full lease-up of all private offices and team suites, Inspired said. At coLab, more than 90 percent of dedicated desks are leased, with coLab Mashup adding 60 new dedicated workstations, several of which are already occupied.
“coLab at Bell Works Holmdel is experiencing one of its most successful periods yet, with over 600 members showing the growing demand for flexible workspaces in suburban New Jersey,” said Sean Donohue, managing director of coLab at Bell Works. “It’s clear that companies and professionals want more than just a desk — and being named one of the best coworking spaces in the state by NJ.com affirms our success in creating a vibrant community with convenient amenities. At Bell Works Fort Monmouth, interest is already so high that people are already using the coLab spaces before the building officially opens.”
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