Forbes is now the latest business publication to echo the thoughts of many in the commercial industry, especially us here at The Garibaldi Group, which states that the answer when considering what to do with the plethora of vacant office parks around the country must include creating a mixed-use facility. The writer Andrew Levine quotes Nellie K. Shipley, a commercial real estate lawyer who manages Womble Carlyle’s Sustainable Practices team, who says “Anyone who is NOT proactively moving toward being a mixed use park is being unrealistic”. The article goes on to discuss the challenge presented by these “Jurrassic” and vacant suburban office parks that liter the country, and especially the office landscape in New Jersey.
“If the challenged suburban office park market has an epicenter, it’s likely in New Jersey,” according to James Hughes, Dean of the Bloustein School of Planning and Public Policy at Rutgers University. But there are bright spots in the state. And at the top of the list for Dean Hughes and many others is Bell Works, an emerging success story in Holmdel, New Jersey.”
You can read the article in its entirety here, but you can also go to the Bell Works website to find out why James Hughes believes so strongly that Bell Works is the ultimate bright spot in this challenge for today’s real estate market.
For further information on availability at Bell Works, or to take a tour of the property, please contact Tara Keating.