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

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
Renderings of Omni's new project, along with the original Times Mirror Square building. (City of Los Angeles Department of City Planning, WikiMedia)
City approves Onni’s massive Times Mirror Square redevelopment
City approves Onni’s massive Times Mirror Square redevelopment
Christopher Rising and Sam Manoochehri (Linkedin)
Rising Realty expands into multifamily market
Rising Realty expands into multifamily market
 Jade Enterprises’ Director of Development Daniel Taban and 888 South Figueroa Street (Google Maps)
Here’s what tenants are paying at Jade Enterprises’ 888 Figueroa in DTLA
Here’s what tenants are paying at Jade Enterprises’ 888 Figueroa in DTLA
David Lawrence Gray and a rendering of the 120-unit tower (David Lawrence Gray Architects, University of Washington)
120-unit Pencil Tower planned for DTLA
120-unit Pencil Tower planned for DTLA
Rendering of 1411 South Flower Street (Housing Diversity Corporation)
Micro-housing to rise in DTLA Opportunity Zone
Micro-housing to rise in DTLA Opportunity Zone
Geoff Palmer and a rendering of the project (Getty)
New renderings show Geoff Palmer’s 1K-unit DTLA apartment project
New renderings show Geoff Palmer’s 1K-unit DTLA apartment project
Rockwood Capital's Walter P. Schmidt, LPC West's David Binswanger, and Deka Immobilien's Ulrich Bäcker. (915 Wilshire, Rockwood, Light and Shine Photography, Deka)
Rockwood Capital, Lincoln Property sell DTLA office tower for $196M
Rockwood Capital, Lincoln Property sell DTLA office tower for $196M
Granite CEO Michael Dardick and Industrious CEO Jamie Hodari
Industrious partners with landlords to offer tenants satellite workplaces
Industrious partners with landlords to offer tenants satellite workplaces
arrow_forward_ios

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

Loading...