HOLMDEL, NJ — Somerset Development announced 16 new office leases at Bell Works, the revitalization of the two-million s/f Bell Laboratories in Holmdel. The latest office users to join the mixed-use ‘metroburb’ further boost the historic landmark’s successful transformation into a popular destination to work, shop, dine, stay, entertain, and more.
Bell Works continues to experience leasing momentum, with roughly one million s/f of office space now leased, including 90% of its “ready-to-wear” offices. Of the 16 recently signed office leases, 15 were signed for “ready-to-wear” space, and Somerset plans to dedicate additional square footage for these designed spaces in 2020.
Somerset Development was represented in each of the transactions by The Garibaldi Group president Jeff Garibaldi, vice president Tara Keating and broker support analyst Lindsey Florio. In total, the new tenants will occupy 48,000 s/f of the mixed-use metroburb, including an 18,993 s/f office for national tax advisory firm CohnReznick.