Industrious Expands SoCal Presence With Two New Locations
By Rey Mashayekhi April 6, 2018 7:10 pm
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Fresh off of an $80 million funding round, flexible workspace provider Industrious has continued to grow its footprint nationally—and the Southern California market is no exception.
Industrious has inked leases for two new locations, spanning a combined 64,000 square feet, in the Century City district of Los Angeles and the Orange County city of Irvine, according to The Real Deal.
The shared office provider signed a lease for 40,000 square feet across two floors at 1925 Century Park East in Century City, part of landlord Watt Companies’ two-towered Watt Plaza office complex. In Irvine, the company agreed to a 24,000-square-foot lease on the third floor at 3333 Michelson Drive, part of LBA Realty’s Park Place commercial campus.
Both locations are slated to open this summer, a spokeswoman for Industrious confirmed. In Southern California, the company already operates workspaces at 600 Wilshere Boulevard in Downtown Los Angeles and, more recently, 9255 Sunset Boulevard in West Hollywood, where it opened in February.
“Los Angeles has long attracted a diverse number of businesses and industries, which has lent to its continued growth and its reputation as an attractive area for both startups and mature-stage companies,” Industrious co-Founder and CEO Jamie Hodari said in a statement to Commercial Observer. “That’s the type of mix that Industrious looks to when determining the next area or region for its new locations.” He added that the company is “eager to build upon our footprint in the area.”
Representatives for Watt Companies and LBA Realty could not immediately be reached for comment.
Industrious currently has 35 locations across the U.S., and on the back of an $80 million Series C funding round sealed in February plans to more than double its number of locations and triple its revenue growth this year, Hodari recently told CO.
The Brooklyn, N.Y.-based firm also plans to move its corporate headquarters from that borough to a larger, 14,000-square-foot office at 215 Park Avenue South near Union Square in Manhattan, as CO reported last week.
Fellow New York-based office provider Serendipity Labs recently opened its first Los Angeles digs after inking a 36,000-square-foot sublease at 959 Seward Street in Hollywood, CO was first to report last month.
