Neptune, N.J., May 26, 2016 - WorkWave® (www.workwave.com), a leading provider of cloud-based software solutions for the field service and “last mile” delivery industries, today announced it will move its headquarters to the iconic mixed-use Bell Works development in Holmdel, New Jersey. WorkWave will occupy a 72,000-square-foot space in the building, with an expansion option for an additional 72,000 square feet. The WorkWave relocation is the largest Bell Works lease to date according to the project’s developer, Somerset Development.
WorkWave’s rapid growth, including adding over 100 employees in the past three years, prompted its search for a more suitable location, ultimately leading to Bell Works. The company was attracted by Somerset’s transformative plan for Bell Works, which is centered around a pedestrian “street” within the building’s existing quarter-mile-long atrium. The area will connect tenants and visitors to a host of dining, entertainment, and health and wellness services, along with renovated office space and educational facilities, a hotel and a conference center.
“As WorkWave expands and thrives, the live-work-play reputation that Bell Works portrays is the perfect environment for who we are and where we are headed, to retain and attract talented employees to drive us to the next chapter of our continuous growth,” said Chris Sullens, president and CEO of WorkWave. “While our excitement heightens for our move to Bell Works, we want to thank Somerset and the township of Holmdel for their vision and fortitude, as well as the state of New Jersey and the Economic Development Authority for the financial support provided through our recent Grow New Jersey award, which allows us to stay and flourish in New Jersey.”
“The Economic Opportunity Act was designed to spur job creation and investment in the State and we are excited that the award of Grow NJ tax credits helped to encourage WorkWave to choose to expand at this iconic property,” said Melissa Orsen, CEO, New Jersey Economic Development Authority. “New Jersey’s longstanding tradition of innovation and highly educated talent pool make New Jersey a natural home for dynamic, growing companies like WorkWave.”
In addition to its New Jersey headquarters, WorkWave has regional offices in Boston, St. Louis and Verona, Italy, and remote workers in the U.S. and Europe. Team members from outside New Jersey frequently visit headquarters for working sessions, and it was important that these visits be highly productive. In addition, WorkWave routinely hosts user groups and conducts marketing research, so ample, multi-functional/multi-media meeting and collaboration spaces were a requirement for its new home.
WorkWave joins a growing list of technology companies taking space at the 2 million-square-foot property, the historic former headquarters of Bell Labs. The facility is undergoing an approximately $200 million adaptive reuse redevelopment designed to transform what was once the single largest vacant office building in the U.S. into a dynamic live-work-play community.
“As recently as 2014, this property sat vacant, with more than 2 million square feet of empty space,” said Eric Hinds, mayor of Holmdel. “Thanks to Somerset Development and forward-thinking companies such as WorkWave, Bell Works is now a key driver of the local economy, bringing vital jobs and ratables to our township. Residents of Holmdel and the entire state of New Jersey should be extremely proud of what’s been accomplished here. Holmdel is the model for municipalities seeking to understand how vacated office campuses can be successfully redeveloped.”
The Garibaldi Group, Bell Works’ exclusive office leasing agency, represented Somerset Development in the transaction, while CBRE Executive Vice President Joseph J. Sarno Jr. represented WorkWave.
“This agreement with WorkWave is just the latest confirmation that our vision for creating an inimitable environment that’s conducive to inspiration, collaboration and creation has come to fruition,” said Ralph Zucker, President of Somerset Development.
WorkWave is a fast-growing leader in field service and “last mile” delivery software – a $45+ billion market worldwide. The company connects all aspects of its clients’ businesses through its tightly integrated, mobile-first suite of software solutions, which include PestPac, WorkWave Service, Service CEO, WorkWave Fleet, WorkWave GPS, WorkWave Marketing and ContactUs. WorkWave’s solutions provide its 9,000+ clients with an unprecedented level of business insight and information, enabling them to increase revenue per employee and provide a five-star customer experience. Founded in 1984, WorkWave has been recognized with multiple awards for its outstanding growth and culture, including the Inc. 5000, SmartCEO Future 50, and Best Places to Work in New Jersey. For more information, visit www.workwave.com.
About Somerset Development
Somerset Development is a leading real estate developer focusing on large-scale transit oriented and brownfield redevelopment projects headquartered in New Jersey, led by a team of principals with more than 40 years of development experience. The company has positioned itself as one of the region’s foremost real estate firms specializing in innovative mixed use and adaptive reuse projects, including the planning and development of Traditional Neighborhood Design communities that evoke a strong sense of place and reflect a distinctive character.
With several high profile, large-scale redevelopment and development projects under construction or in the planning stages, Somerset has earned a quality reputation for its unwavering commitment to excellence through responsible development practices. For more information on Somerset Development, contact the company by calling (732) 367-2828 or via the company’s website at www.SDNJ.com