International Flavors & Fragrances has agreed to a 15-year lease for 60,000 square feet of office space at Somerset Development’s flagship project Bell Works in Holmdel, the developer announced recently.
IFF said the space at Bell Works will house its creative lab. The firm employs 7,400 people globally to design and manufacture flavors, fragrances and cosmetic actives.
“IFF is proud of its long history of innovating firsts, and we are thrilled to connect our legacy with that of Bell Works, the home of so many breakthrough developments,” Nicolas Mirzayantz, group president of fragrances for IFF, said. “As we create the future of fragrance for home care and fabric care, I look forward to IFF’s contributions to the story of this extraordinary place. We see this as a unique opportunity to further drive innovation and establish an exciting new home for our people and our customers.”
The firm joins iCIMS, WorkWave, Acacia Communications, MetTel, McCann Systems, NVIDIA and vi Collaboration Hub, to name a few, at Bell Works. Somerset Development also recently unveiled the Holmdel Township Library and Learning Center, a technology museum, and opened the property’s rooftop deck and lounge.
“IFF has long been one of the most exciting and innovative companies in the Central Jersey region, and it’s only fitting that they’ve found a new home at Bell Works,” Ralph Zucker, president of Somerset Development, said. “Today, the building is bustling with businesses and individuals from all backgrounds, as the true vision for New Jersey’s largest ‘metroburb’ continues to unfold. IFF is a perfect addition to an environment that harnesses such a unique sense of collaboration and creation.”
Garibaldi Group President Jeff Garibaldi and Vice Presidents Tara Keating and Kyle Mahoney, the exclusive leasing agents of Bell Works, represented Somerset Development in the transaction. CBRE's Executive VP Edward DaCosta, First VP Lynnelle Noll and EVPs Gill Hutzler and Mindy Lissner represented IFF in the transaction.
“Following an extensive statewide search, our team concluded that Bell Works would offer IFF an aspirational and inspirational home for the relocation of their Hazlet creative center,” Lissner said. “Bell Works represents a unique opportunity for IFF to establish an exciting new home and innovative environment for its employees and customers.”