{"id":1004350820,"date":"2019-09-09T03:16:38","date_gmt":"2019-09-09T11:16:38","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004350820"},"modified":"2019-09-09T06:19:25","modified_gmt":"2019-09-09T14:19:25","slug":"leasing-surge-hits-new-jerseys-bell-works","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/leasing-surge-hits-new-jerseys-bell-works\/","title":{"rendered":"Leasing Surge Hits New Jersey\u2019s Bell Works"},"content":{"rendered":"<div id=\"attachment_1004350823\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004350823\" data-attachment-id=\"1004350823\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/leasing-surge-hits-new-jerseys-bell-works\/bell-works-image-courtesy-of-somerset-development\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg\" data-orig-size=\"880,660\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Bell Works. Image courtesy of Somerset Development\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Bell Works. Image courtesy of Somerset Development&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg?w=880\" class=\"wp-image-1004350823 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg 880w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004350823\" class=\"wp-caption-text\">Bell Works. <em>Image courtesy of Somerset Development<\/em><\/p><\/div>\n<p>Sixteen new leases totaling about 48,000 square feet have brought Bell Works, Somerset Development\u2019s reimagining of the historic 2 million-square-foot Bell Laboratories in Holmdel, N.J., past the 90 percent mark in office leasing.<\/p>\n<p>The largest of those leases was for 18,993 square feet for national tax advisory firm CohnReznick. The other 15 involved various of the project\u2019s \u201cready-to-wear\u201d offices, which range from 500 to 4,500 square feet.&nbsp;The list of smaller tenants includes:<\/p>\n<ul>\n<li>Beverage Works, the world\u2019s largest Red Bull distributor;<\/li>\n<li>FFW, a Copenhagen-based web strategy, design and development company;<\/li>\n<li>KimShe International Grain and Feed, which exports corn, soy and dried grains from the Midwest to China and Southeast Asia;<\/li>\n<li>NutraSourceRD, which provides registered dietitians to health-care facilities;<\/li>\n<li>SpoofCard, a telecommunications company.<\/li>\n<\/ul>\n<p>In all of the lease transactions, Somerset was represented by Garibaldi Group President Jeff Garibaldi, Vice President Tara Keating and Broker Support Analyst Lindsey Florio.<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong>&nbsp;<a href=\"https:\/\/www.commercialsearch.com\/news\/the-most-wanted-office-amenities\/\">The Most Wanted Office Amenities<\/a><\/p>\n<hr>\n<p>Dubbed a \u201cmetroburb\u201d for its plethora of urban-style amenities in a suburban setting, the mixed-use Bell Works centers around a quarter-mile long atrium that functions as a space for shops, restaurants, health-care, community services, among others. Food options at the building include a bakery and several restaurants.<\/p>\n<p>The project\u2019s other amenities do indeed echo those of a small municipality: an 18,000-square-foot public library, a Montessori school, a community bank branch, a dental office and a weekly farmers market. Entertainment venues include Swing Loose, an indoor golf facility; Escapology, an escape game experience; and OasisVRX, a virtual reality center.<\/p>\n<h2>Let\u2019s do another one<\/h2>\n<p>The next step for the project will be the addition of a 186-key hotel on its rooftop. The property, which is slated to open in fall 2021, is set to feature a rooftop restaurant, bar, lounge area and infinity pool.<\/p>\n<p>The building was designed by modernist architect Eero Saarinen and was originally constructed between 1962 and 1964. It now hosts more than 3,500 workers daily.<\/p>\n<p>Somerset got the Bell Works redevelopment a boost with a <a href=\"https:\/\/www.commercialsearch.com\/news\/bell-works-lands-70m-in-financing\/\">$70 million, three-year loan<\/a> in mid-2017.<\/p>\n<p>Somerset President &amp; CEO Ralph Zucker evidently has great confidence in the \u201cmetroburb\u201d concept. Earlier this year, <a href=\"https:\/\/www.commercialsearch.com\/news\/somerset-buys-former-chicago-area-att-campus\/\">Somerset and Triangle Capital Group purchased<\/a> the three-building, 1.7 million-square-foot former AT&amp;T corporate campus in Hoffman Estates, Ill. The partners plan to invest about $200 million into creating Bell Works Chicago, along the lines of the original.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>With the signing of 16 new tenants, the office space at the 2 million-square-foot former Bell Labs campus is more than 90 percent occupied.<\/p>\n","protected":false},"author":882,"featured_media":1004350823,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21808,1600,21742,10,21747],"tags":[33963,33408,42596,33962],"class_list":["post-1004350820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-featured","category-new-york","category-latest","category-northeast","category-office","tag-bell-works","tag-cohnreznick-llp","tag-garibaldi-group","tag-somerset-development"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Leasing Surge Hits New Jersey\u2019s Bell Works - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/leasing-surge-hits-new-jerseys-bell-works\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Leasing Surge Hits New Jersey\u2019s Bell Works\" \/>\n<meta property=\"og:description\" content=\"With the signing of 16 new tenants, the office space at the 2 million-square-foot former Bell Labs campus is more than 90 percent occupied.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/leasing-surge-hits-new-jerseys-bell-works\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-09T11:16:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-09T14:19:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"880\" \/>\n\t<meta property=\"og:image:height\" content=\"660\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/leasing-surge-hits-new-jerseys-bell-works\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/leasing-surge-hits-new-jerseys-bell-works\/\",\"name\":\"Leasing Surge Hits New Jersey\u2019s Bell Works - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/leasing-surge-hits-new-jerseys-bell-works\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/leasing-surge-hits-new-jerseys-bell-works\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg\",\"datePublished\":\"2019-09-09T11:16:38+00:00\",\"dateModified\":\"2019-09-09T14:19:25+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/61ac1450f3ffaa0e850b834c28526555\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/leasing-surge-hits-new-jerseys-bell-works\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/leasing-surge-hits-new-jerseys-bell-works\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/leasing-surge-hits-new-jerseys-bell-works\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg\",\"width\":880,\"height\":660,\"caption\":\"Bell Works. 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He earned a master\u2019s in journalism from Northwestern University\u2019s Medill School of Journalism and has a bachelor\u2019s from North Park University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/scott-baltic\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/Bell-Works.-Image-courtesy-of-Somerset-Development-e1568027508372.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004350820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/882"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004350820"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004350820\/revisions"}],"predecessor-version":[{"id":1004350973,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004350820\/revisions\/1004350973"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004350823"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004350820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004350820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004350820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}