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.
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.
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.
A boutique fitness studio has joined the tenant mix at Bell Works in Holmdel, leasing more than 2,000 square feet within the complex’s indoor pedestrian plaza.
A bank, a dental network and a home goods boutique have leased space at Bell Works, making them the latest retail tenants to commit to the mixed-use, 2 million-square-foot campus in Holmdel.
The complex now known as Bell Works has earned another national distinction — being named the most iconic building in New Jersey by Architectural Digest magazine.
Seven new retail tenants have committed to Bell Works, the mixed-use campus that now occupies the landmark, 2 million-square-foot former Bell Labs complex in Holmdel.
At full build-out, the massive Bell Works project in Holmdel will be home to some 8,000 daily office workers. But newly unveiled plans for a rooftop hotel are a reminder of the project’s potential to be much more than a repurposed corporate campus.
Local officials have cleared the way for Somerset Development to build a new 200-room hotel atop Bell Works, its adaptive reuse of the iconic Bell Labs complex in Holmdel.
We set out this month to look at the role of technology companies in New Jersey’s office market. The tech sector certainly isn’t the dominant industry in the state’s economy, but it has provided a rare source of job growth in the last few years that has resulted in new office requirements. We’ve seen companies such as Audible, iCIMS and Jet.com lease space in New Jersey thanks to both state incentives and the type of organic growth that landlords would love to see continue.