Industrious inks lease with Coretrust at Citigroup Center, expanding LA reach

The co-working firm's 22K sf lease will be its 6th location in LA County

TRD LOS ANGELES /
Jan.January 21, 2019 04:00 PM
Katharine Lau, Senior Director of real estate for Industrious and the Citigroup Center tower in downtown Los Angeles (Credit: Wikimedia)

Co-working company Industrious has inked a deal for its second Downtown Los Angeles location and sixth overall in the county. It also has one in Irvine.

The New York-based firm will take 22,275 square feet at Coretrust Capital Partners’ 48-story Citigroup Center. The space at 444 South Flower Street will be known as Industrious Bunker Hill, according to Industrious. It will include traditional co-working amenities, spaces and private offices for teams of up to 20 people.

The firm closed an $80 million round of funding last February, and a month later inked leases in Century City and in Irvine — totaling 26,000 square feet.

More recently, Industrious announced an upcoming location is set to open this spring in Playa District — between Culver City and Playa Vista — where it will have about 140,000 square feet of office suites, amenities and conference rooms. In November, it signed lease for 24,000 square feet at Granite Properties’ [email protected] in Glendale.

In New York, Industrious recently announced it was tripling its footprint there, after signing three leases in Manhattan.


Related Articles

arrow_forward_ios
Equity Residential CEO Mark Parrell and a rendering of the 4th and Hill tower

Equity Residential’s long-stalled DTLA residential tower project is back

From left: Adam Neumann and Sundar Pichai (Credit: Getty Images and iStock)

Google, WeWork propel co-working and tech firms to LA leasing title

Terreno Realty Chairman & CEO W. Blake Baird

Terreno Realty makes another industrial play in LA

The building with Cross Campus founder Ronen Olshansky and Suge Knight

From The Chronic to co-working: Cross Campus’ LA expansion now includes former Death Row Records HQ

Los Angeles City Planning Commission President Samantha Millman and a rendering of the Flower Market project (credit: Brooks + Scarpa and Twitter)

Development bloom: SoCal Flower Market mixed-use project in DTLA clears hurdle

Justin Stewart, president and co-founder of Industrious

Co-working firm Industrious grows its reach to Pasadena

Downtown Los Angeles (credit: Jeff Cleary and Laurie Avocado)

Rezoning Downtown — Skid Row included — must include more affordable housing, advocates say

Lizard Capital CEO Bingyi Huang and a rendering of the Spring Street Hotel

Appeal settled, Lizard Capital’s jagged-look DTLA hotel project has start date

arrow_forward_ios