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Ralph Zucker's bet on Bell Works continues to pay off, as office space at the former Bell Labs building in Holmdel, NJ is now more than 80-percent leased.
The assets totaling 26,923 square feet were sold for approximately $7.46 million, which afforded the company to pay down $4.5 million of property-level debt and $1.6 million of its Revere loan.
“Leasing activity in both the office and industrial markets remain robust, pointing to a strong close for 2018.” says Dennis Waggner of Colliers International.