SOSV Signs 10-Year Lease In Newark, Vonage Moves HQ To Bell Works

[This article was taken from NJTW News, an NJTechWeekly.com newsletter. Sign up for it here.]

SOSV Signs 10-Year Lease In Newark

  • Princeton-based venture capital firm SOSV has signed a 10-year lease for a 35,000-square-foot space at 707 Broad Street in Newark
  • The space will serve as the U.S. Headquarters of the company’s HAX hard tech accelerator.
  • HAX is expected to build out the space with attractive areas for startups to work plus the equipment needed by engineers working there to prototype their technologies.
  • Five startup companies are already engaged in the program at HAX’s temporary quarters in Newark, which are in the same building.
  • Last year, Governor Phil Murphy announced that the New Jersey Economic Development Authority (NJEDA) would match SOSV’s $25 million investment, bringing funding for the project to $50 million. 

Vonage Moves HQ To Bell Works

Bell Works building | Courtesy Bell Works
  • Vonage, a global cloud communications company that helps businesses accelerate their digital transformations, has moved its headquarters to Bell Works in Holmdel, a few minutes from its long-time company headquarters, also in Holmdel.
  • The company is moving to Campus, a flexible workspace within Bell Works.
  • “Holmdel has been our home for more than a decade, and we remain committed to this community,” said Stephen Lasher, CFO at Vonage.
  • “Like many companies, in the past two years we have moved to a hybrid working environment,” he added.
  • “The dynamic, creative, and tech-focused space at Bell Works will allow us to continue to expand right here in New Jersey as we continue to work toward making Vonage a top company for great talent,” Lasher said.

Sharing is caring!

774 More posts in Around New Jersey category
Recommended for you
Rendering of the Nokia Bell Labs building at the HELIX
Two Huge Announcements Set the Table for New Jersey’s Tech Scene Beyond 2024

Nokia Bell Labs announced that it was moving to New Brunswick from its historic home...