Co-working company Industrious NYC taking 17K sf at 215 PAS

Asking rent at the SL Green-managed building is $70 per sf

New York /
Oct.October 25, 2016 05:24 PM

Brooklyn-based co-working company Industrious NYC has inked a deal to take 17,255 square feet of space at 215 Park Avenue South, marking the company’s first foray into Manhattan.

The lease is for 15 years and Industrious will take the entire 12th floor of the 20-story building, Commercial Observer reported. The building is owned by Dever Properties and managed by SL Green. The asking rent is $70 a square foot.

CBRE’s TRData LogoTINY Keith Caggiano and Roshan Shah represented Industrious NYC, while SL Green was represented by in-house brokers Gary Rosen and Howard Tenenbaum.

Industrious opened its first location at 594 Dean Street in Prospect Heights. The building at 215 Park Avenue South is currently home to tenants such as video distribution company the Criterion Collection, public affairs agency Global Strategy Group and architectural design firm Perkins + Will.

Industrious raised $37 million in a series B funding round last month, which brought the company’s total funding to $51 million.  The co-working provider is one of a small number of firms trying to challenge $16 billion giant WeWork in the burgeoning co-working industry. The firm’s co-founder and CEO Jamie Hodari told The Real Deal in September it planned to spend the bulk of its new funds on building out and opening new co-working spaces across the U.S.

In April, the company signed a lease for its first West Coast location — nearly 19,000 square feet in Los Angeles.

SL Green, one of the city’s largest office landlords, is currently developing the Midtown skyscraper One Vanderbilt[CO]Miriam Hall


Related Articles

arrow_forward_ios
The Daily News Building at 220 East 42nd Street and SL Green CEO Marc Holliday (Credit: Getty Images)
SL Green puts Daily News building up for sale
SL Green puts Daily News building up for sale
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green snags private-equity firm at One Vanderbilt
SL Green’s locks in big bank lease at Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
SL Green’s locks in big bank lease at
Hudson Yards redevelopment site
Durst Organization Chairman Douglas Durst, Venable LLP Chairman Stuart Ingis and 151 West 42nd Street (Getty, Venable)
Durst’s One Five One inks 158K sf lease for law firm tenant
Durst’s One Five One inks 158K sf lease for law firm tenant
Stripes founder Ken Fox and a rendering of 40 10th Avenue (Stripes, Neoscape)
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
Private equity firm carves out 14K sf at Aurora’s Solar Carve building
iCapital Network CEO Lawrence Calcano and 60 East 42nd Street (iCapital, ESRT)
Fintech firm doubles down at ESRT’s One Grand Central
Fintech firm doubles down at ESRT’s One Grand Central
Midtown South leads Manhattan’s office market recovery: report
Midtown South leads Manhattan’s office market recovery: report
Midtown South leads Manhattan’s office market recovery: report
195 Broadway in Manhattan NYC, Orchard Technologies CEO Court Cunningham and L&L Holding Company CEO David Levinson (Google Maps, Orchard, L&L)
Orchard Technologies leases 107K sf at L&L’s 195 Broadway
Orchard Technologies leases 107K sf at L&L’s 195 Broadway
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...