Industrious reaches deal for 60K square feet in Midtown

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

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.


Related Articles

arrow_forward_ios
Soloviev Group chairman Stefan Soloviev and the Solow Building at 9 West 57th Street (Getty, Soloviev Group, King of Hearts, CC BY-SA3.0 - via Wikimedia Commons)
Soloviev denies effort to sell 9 West 57th
Soloviev denies effort to sell 9 West 57th
Harbor Group International's Jordan Slone with with 51 West 52nd Street
TRD Pro: Top office sales of the past year
TRD Pro: Top office sales of the past year
 Related Companies’ Stephen Ross and Brookfield’s Brian Kingston (Illustration by The Real Deal; Getty)
Mapping out the explosion of commercial development in Hudson Yards
Mapping out the explosion of commercial development in Hudson Yards
Norman Foster, Masashi Okada, Robert Lapidus (Photo by Patrick McMullan/PMC, Getty)
PHOTOS: 425 Park Avenue opens its doors
PHOTOS: 425 Park Avenue opens its doors
Sapir Organization’s Alex Sapir and MGM’s Chris Brearton with 260 Madison Avenue (The Sapir Organization, LinkedIn, LoopNet, Gettty)
MGM Studios nabs 50K sf at Sapir’s 260 Madison
MGM Studios nabs 50K sf at Sapir’s 260 Madison
From left: Stefan Soloviev and Sheldon Solow with 9 West 57th Street
Soloviev selling Solow Building in what could be record NYC office deal: sources
Soloviev selling Solow Building in what could be record NYC office deal: sources
(Getty)
Manhattan office leasing jumps as availability and rents drop
Manhattan office leasing jumps as availability and rents drop
One Soho Square with Stellar Management’s Larry Gluck and Yotpo CEO Tomer Tagrin (LoopNet, Twitter, Gluck Family Foundation)
Yotpo inks 30K sf sublease at Stellar’s One Soho Square
Yotpo inks 30K sf sublease at Stellar’s One Soho Square
arrow_forward_ios

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

Loading...