The Real Deal Los Angeles

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
By Gregory Cornfield | January 21, 2019 04:00PM

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’ 500@TheBrand in Glendale.

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