Industrious reaches deal for 60K square feet in Midtown

Flexible-office-space firm will operate a shared workspace and tenant amenity center

TRD NEW YORK /
Jan.January 30, 2020 09:45 AM
135 West 50th Street and Industrious co-founders Justin Stewart and Jamie Hodari

135 West 50th Street and Industrious co-founders Justin Stewart and Jamie Hodari

New York-based flexible-office space startup Industrious has signed a deal for two spaces totaling 60,000 square feet at 135 West 50th Street.

Under the deal with landlord George Comfort & Sons, the firm signed a 15-year lease for 37,000 square feet of space on the second floor of the 23-story tower, where it will run a shared workspace. That lease, according to an Industrious spokesperson, includes a profit-sharing component with the landlord.

It also signed a 15-year management contract to operate what’s known as “Club 135 by Industrious” — an amenity center on the same floor. The center, spanning 20,000 feet, will be available to tenants in the building, and will feature a wellness facility and lounge space, according to Commercial Observer.

“We’re expanding our reach beyond traditional shared workplaces to manage tenant experience across whole buildings,” Justin Stewart, the president and co-founder of Industrious, said in a statement.

Founded in 2013 by Jamie Hodari and Justin Stewart, Industrious has more than 90 locations across the country.

In 2019, the firm announced it was partnering with Taubman Properties to open its first New Jersey location at the Mall at Short Hills, following a separate partnership to to open a co-working space in a mall in Scottsdale, Arizona.

[CO] — Sylvia Varnham O’Regan

This story has been updated to reflect the number of locations Industrious has across the country.


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