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.


Related Articles

arrow_forward_ios
Centric Brands CEO Jason Rabin and the Empire State Building at 350 Fifth Avenue (Centric; Pixabay)

Centric Brands downsizes at the Empire State Building

Centric Brands downsizes at the Empire State Building
1000 Dean Street with Jamie Hodari and Asher Abehsera (Google Maps)

Industrious expands with 21K-sf space in Crown Heights

Industrious expands with 21K-sf space in Crown Heights
Brookfield's Ric Clark with 410 Tenth Avenue (Getty; Google Maps)

Brookfield weighs bid for SL Green’s Hudson Yards building

Brookfield weighs bid for SL Green’s Hudson Yards building
From left: 245 Park Avenue, 420 Fifth Avenue and 1271 Sixth Avenue (Google Maps)

Rockefeller Foundation signs sublease in MLB’s old Park Avenue office

Rockefeller Foundation signs sublease in MLB’s old Park Avenue office
Many NYC companies are not sending employees back to work in Manhattan offices (iStock)

Just 10% of Manhattan employees are back at the office

Just 10% of Manhattan employees are back at the office
A rendering of 556 West 22nd Street (Photo by BASIS Independent Schools)

Private school to expand in former Chelsea Art Museum building

Private school to expand in former Chelsea Art Museum building
Chetrit Group principal Michael Chetrit and 850 Third Avenue (Google Maps)

What tenants are paying at Chetrit’s 850 Third Ave

What tenants are paying at Chetrit’s 850 Third Ave
Cushman & Wakefield CEO Brett White and Industrious CEO Jamie Hodari (Industrious; Cushman)

Cushman partners with Industrious in bid to bring the office back

Cushman partners with Industrious in bid to bring the office back
arrow_forward_ios

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

Loading...