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Wednesday, November 11, 2026Commercial real estate news

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Office / LEASE

Hovnanian headquarters at Bell Works

Holmdel, New Jersey

Announced

Transaction terms: Undisclosed
Transaction type: Lease
Reported: Nov 10, 2026
Closing date: Not disclosed
Reported deal area: 72,388 sq. ft.

Read the terms in context

The reported transaction comprises an iCIMS sublease followed by a direct lease extension. The source describes a commitment in place but does not explicitly establish a signing date; status is announced.
The report does not disclose rent, the duration of either stage or an occupancy date.

Companies involved

TenantHovnanian Cos.SublandlordiCIMS Building owner and direct extension counterpartyInspired by Somerset Development

Reporting behind the record

Original coverage

Leasing & Operations · Nov 11, 2026

Hovnanian sets Bell Works headquarters through two-stage office deal

The 72,388-square-foot arrangement begins with an iCIMS sublease and is followed by a direct extension with the Holmdel property’s owner.

Read story ↗

Based on The Basis reporting. Coverage is selective, not a complete market database. Amounts retain their stated meaning; sale prices, loan amounts and lease terms are not combined. “Reported” is the reporting date, not necessarily the closing date.