Power Company's Relocation Energizes Bell Works Redevelopment

Signing the lease at Bell Works are, front row, from left: James Fakult, president of JCP&L; Ralph Zucker, president of Somerset Development. Back row, from left: Brendan McBride, Jamie Ragucci, and Tim Greiner, all from NGKF; Kyle Mahoney, Tara Keating, and Jeff Garibaldi, all from Garibaldi Group

HOLMDEL, NJ—Somerset Development’s president Ralph Zucker has plugged yet another major tenant into his Bell Works redevelopment—this time an electric and gas utility firm.

Utility company Jersey Central Power & Light has signed a 10-year lease for 64,000 square feet at the former Bell Laboratories complex, at 101 Crawfords Corner Road, in Holmdel, NJ.

JCP&L will relocate its regional headquarters to the sprawling Bell Works site from 331 Newman Springs Road in Red Bank, when its lease there expires next year. Nearly 200 JCP&L engineering, corporate billing, human resources, senior management, outage restoration, and support staff employees will be relocated about six miles north from the current Red Bank facility to Bell Works by early summer next year.