Co-working firm Industrious expands into Glendale in deal with Granite Properties

The firm has inked a deal for 24K sf at Granite Properties' [email protected]

Los Angeles /
Nov.November 26, 2018 04:00 PM
From left: Jason Purvis, Senior Managing Director, Granite Properties and Katharine Lau, senior director of real estate at Industrious

Co-working firm Industrious, which already has three locations in Los Angeles, is expanding into Glendale.

The company has inked a deal for 24,000 square feet at Granite Properties’ office tower, [email protected] in Glendale.

The space will be located on the 20th and 21st floors of the building at 500 N. Brand Boulevard. The space is slated to open in June 2019, according to a joint release.

Granite’s @TheBrand location includes two adjacent office buildings — the 431,800-square-foot structure at 500 N. Brand Boulevard, and a 307,400-square-foot building at 550 N. Brand Boulevard. The two buildings are connected by outdoor space that was recently completed.

The location will be Industrious’ eighth in California. It has 55 nationwide.

In L.A., Industrious has partnered with other firms like EQ and Rios Clementi Hale Studio to bring up to 140,000 square feet of co-working space to the Howard Hughes Center campus.

Glendale, however, was home to a big non-co-working office deal this month, when Beacon Capital Partners paid $160 million for a 22-story building on Brand Boulevard. Glendale also saw one of the county’s top office investments in October when Harbor Associates and Belay Investment Group acquired the Glendale Gateway at 700 N. Central Avenue, for $28 million.

Los Angeles is expected to see even more co-working space, including another 212,000-square-foot site soon, as WeWork is reportedly considering the biggest lease near South Park.


Related Articles

arrow_forward_ios
Ardie Tavangarian (Photo by Kevin Scanlon)
LA’s gentleman builder on developing for the ultra-wealthy
LA’s gentleman builder on developing for the ultra-wealthy
1101 Flower Street in L.A. with  Tony Lombardo of Lendlease and Zhang Xifang of Oceanwide. Xifang reportedly resigned in July 2021. (Google Maps, Lendlease, Oceanwide)
Contractor bails on Oceanwide’s LA megaproject after scoring $42M judgment
Contractor bails on Oceanwide’s LA megaproject after scoring $42M judgment
Overton Moore Properties CEO Timur Tecimer with an aerial of the property (Google Maps, OMP)
Gardena industrial complex sells to Overton Moore Properties for $35M
Gardena industrial complex sells to Overton Moore Properties for $35M
Michael Shvo and 9200 Wilshire renderings (Shvo, Getty)
Shvo signs Mandarin Oriental to Beverly Hills residential project
Shvo signs Mandarin Oriental to Beverly Hills residential project
Las Vegas Raiders Owner Mark Davis and renderings of the unique home (Getty, City of Henderson)
Of course Las Vegas Raiders owner Mark Davis is building this home
Of course Las Vegas Raiders owner Mark Davis is building this home
Senator Toni Atkins and Governor Gavin Newsom (Getty)
California legislature sends zoning bills to Governor Gavin Newsom’s desk
California legislature sends zoning bills to Governor Gavin Newsom’s desk
Elizabeth Taylor and Nimes Road (Getty, Google Maps)
Spec developer Ardie Tavangarian buys Elizabeth Taylor’s Bel Air residence
Spec developer Ardie Tavangarian buys Elizabeth Taylor’s Bel Air residence
The Ratkovich Company Founder Wayne Ratkovich with renderings of West Harbor (West Harbor, Ratkovich)
Seven tenants announced for San Pedro’s West Harbor project, including Yamashiro
Seven tenants announced for San Pedro’s West Harbor project, including Yamashiro
arrow_forward_ios

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

Loading...