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Ralph Zucker Of Inspired By Somerset Development Leases Office Space To JCP&L In Holmdel

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LEASED

New Jersey

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Office69,870 SF
Leased 08/13/2025
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LEASED

Ralph Zucker Of Inspired By Somerset Development Leases Office Space To JCP&L In Holmdel

101 Crawfords Corner Road

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Office69,870 SF
Leased 08/13/2025
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Summary

NEW JERSEY
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:69,870 SF
Transaction Type:Lease

The property at 101 Crawfords Corner Road in Holmdel is an office asset totaling 69,870 square feet. This leasing transaction involves a renewed agreement for 64,553 square feet of office space and 5,317 square feet of storage space, accommodating JCP&L, which has been utilizing the complex since 2017.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 101 Crawfords Corner Road
  • Market: Holmdel
  • Landlord: Ralph Zucker - Inspired by Somerset Development
  • Tenant: JCP&L (Jersey Central Power & Light)
  • Total Square Footage: 69,870
  • Office Space: 64,553 square feet
  • Storage Space: 5,317 square feet

Ralph Zucker, representing Inspired by Somerset Development, is the landlord in this transaction. JCP&L (Jersey Central Power & Light) has remained consistent at this location, reinforcing their commitment to the site since relocating their regional headquarters there in 2017.

Details

LEASED
IMAGE: Ralph Zucker DATE: 08/13/2025 ADDRESS: 101 Crawfords Corner Road MARKET: Holmdel ASSET TYPE: Office ~ SF: 69,870 LANDLORD: Ralph Zucker - Inspired by Somerset Development (@Inspired_SDNJ) TENANT: JCP&L (Jersey Central Power & Light) NOTE: Jersey Central Power & Light renewed 64,553 square feet of office space and 5,317 square feet of storage at Bell Works in Holmdel, N.J., totaling 69,870 square feet. The utility company has been based at the complex since relocating its regional headquarters there in 2017.

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Deal Type
Effective Rent (Annual)

$4,004,906.24

Total Lease Value

$40,049,062.37

Net Landlord Cash Flow$4,004,906.24