Bell Labs – Real Estate NJ

Government & Public Policy

Somerset Development marks milestone for Bell Works, provides $5.2 million to Holmdel

Somerset Development announced that it has provided more than $5 million to the township of Holmdel, fulfilling a redevelopment agreement tied to the acclaimed transformation of the iconic former Bell Labs facility into the 2 million-square-foot, mixed-use Bell Works campus.

Bell Works: Zucker recounts shutdown of iconic complex, eyes reopening after COVID crisis

The coronavirus crisis has upended Bell Works, one of New Jersey’s most complex and high-profile adaptive reuse projects in recent memory, as it was nearing the peak of its success. The developer behind the landmark project is now navigating this latest challenge.

Bell Works touts 16 new leases, 90 percent milestone for office space

More than a dozen new tenants have joined the roster at the mixed-use Bell Works project in Holmdel, bringing overall office leasing at the complex to more than 90 percent.

Professional Services

Somerset taps boutique firm to oversee retail marketing at Bell Works

Somerset Development has hired a real estate marketing firm to help lure new visitors to the growing slate of retailers, restaurants and services at its landmark Bell Works project.

Monmouth to honor Zucker, Marchetta at annual real estate dinner

Monmouth University will honor Ralph Zucker and Anthony Marchetta at its upcoming real estate awards dinner, adding to the list of industry leaders to be highlighted at the annual event.

Somerset acquires ex-AT&T campus, plans second Bell Works near Chicago

Riding the success of its Bell Works project — the adaptive reuse of the landmark Bell Labs campus in Holmdel — Somerset Development is taking its show on the road.

Golf simulator, escape room among latest additions to Bell Works atrium

The mixed-use Bell Works complex in Holmdel is expanding its entertainment and experiential retail offerings, adding an indoor golf facility, an escape room and a virtual reality studio to its indoor pedestrian plaza.

Bell Works set to welcome 15 new office tenants

Somerset Development has inked more than a dozen new office leases at Bell Works, the massive mixed-use campus at the former site of the Bell Labs complex in Holmdel.

Hospitality & Tourism

Bell Works names operator for rooftop hotel, conference space

Somerset Development has tapped an international hospitality brand as its operator for a planned rooftop hotel at Bell Works, the landmark mixed-use complex in Holmdel.

Government & Public Policy

Incentive program enters final year, drawing concern from CRE sector

With the Grow New Jersey program set to expire in less than a year, the prospect of losing the incentive is already weighing heavily on the state’s commercial real estate market.