Co-working firm Industrious expands into Century City and Irvine

The company is opening a pair of locations following a new round of funding

Los Angeles /
Mar.March 30, 2018 02:10 PM
Watts Plaza

Last month, the co-working firm Industrious closed an $80 million round of funding.

Now, the company has signed two new leases in Century City and Irvine totaling 64,000 square feet, adding to its existing locations in West Hollywood and Downtown.

The larger of the two new spots is 40,000 square feet at 1925 Century Park East in Century City, in one of the two 23-story towers in Watt Companies’ Watt Plaza. The other is 24,000 square feet at the Park Place building at 3333 Michelson Drive in Irvine. Both will open this summer.

Amenities in Irvine include a “wellness/mothers rooms,” two “focus rooms,” phone rooms and a library.

Industrious raised $80 million in its most recent round of funding, bringing the total to $142 million, according to the company. Investors included Fifth Wall Ventures and Riverwood Capital.

The move comes amid a flurry of co-working activity in Los Angeles. Work well win, a company founded by a former WeWork exec, leased 20,000 square feet in Santa Monica earlier this week. New York-based Serendipity Labs leased 36,000 square feet at Jerry Snyder’s Hollywood 959 creative office building.

Industrious, meanwhile, appears to be targeting a broad client base, saying it’s “elevating the co-working model from a startup stronghold to an attractive solution for a range of businesses — from single entrepreneurs to Fortune 500 companies.”


Related Articles

arrow_forward_ios
Simon Property Group's David Simon, Brea Mall at 1065 Brea Mall (Getty, Google Maps, Simon Property Group)
Simon seeks to redevelop former Sears site at Brea Mall
Simon seeks to redevelop former Sears site at Brea Mall
CBRE's Stew Weston with rendering of 1011 North Sycamore Avenue
CIM to build offices on West Hollywood cement plant site
CIM to build offices on West Hollywood cement plant site
Bed, Bath & Beyond's Sue Gove with 14351 Hindry Avenue
Bed Bath & Beyond to close seven more stores across SoCal
Bed Bath & Beyond to close seven more stores across SoCal
Griffin Living's Paul Griffin III and Griffin Plaza at 3885-3977 Cochran Street in Simi Valley
Griffin Living sells Simi Valley shopping center for $22M
Griffin Living sells Simi Valley shopping center for $22M
TGS Management's Fred Taylor and FivePoint's Daniel Hedigan
TGS Management pays $240M to buy 42 acres for Irvine data hub
TGS Management pays $240M to buy 42 acres for Irvine data hub
Susan Phillips, a professor of environmental analysis and director of Pitzer College’s Robert Redford Conservancy for Southern California Sustainability and San Bernardino County Supervisor Curt Hagman with warehouses in San Bernardino county
IE warehouse boom generates call for building moratorium
IE warehouse boom generates call for building moratorium
Oaktree’s  Howard Marks with 444 S. Flower Street (Oaktree, Getty)
Coretrust loses DTLA tower to Oaktree in foreclosure
Coretrust loses DTLA tower to Oaktree in foreclosure
Tova Capital's Zach Boren along with 205-233 East Anaheim Street in Long Beach (Getty, Tova Capital, Google Maps)
Tova Capital buys 35K sf shopping center in Long Beach for $6.2M
Tova Capital buys 35K sf shopping center in Long Beach for $6.2M
arrow_forward_ios

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

Loading...