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.
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.
Somerset Development has reached a new milestone at its landmark Bell Works project in Holmdel, surpassing more than 1 million square feet of leasing activity for office space at the repositioned former Bell Labs campus.
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.
As The Garibaldi Group prepares for its 100-year anniversary, the firm is making a push to recast itself and expand the services it provides to the commercial real estate industry — including a major rebrand that it will unveil this fall, new strategic hires and a continued push into the tech sector, one that was largely sparked by its experience at Bell Works.
As you’ll read in this month’s cover story, Vision Real Estate has thrived with what it describes as “an assembly line mentality” for transforming old corporate campuses, with the right mix of creativity and capital and a full-service, in-house team that has landed some of the state’s most coveted tenants. It’s now building on that track record with other high-profile projects in Morris County and a growing list of value-add investments across northern and central New Jersey.
A partnership led by Denholtz Associates has sold a nearly 134,000-square-foot office building in Matawan for $19.75 million, according to brokers with CBRE who completed the deal.