Industrious is expanding its coworking offices around Los Angeles with new locations in Westwood and Santa Monica.
The New York-based coworking firm led by Jamie Hodari and Justin Stewart has opened a 20,800-square-foot office at 1100 Glendon Avenue in Westwood Village, the Commercial Observer reported.
In December, the flex workspace company plans to open a 23,331-square-foot office at 808 Wilshire Boulevard in Santa Monica.
Given their size, it appears each office was leased. Terms of the deals were not disclosed.
Industrious teamed up with Santa Monica-based Douglas Emmett to open the Industrious at Westwood Center, which includes 243 desks in Westwood Village near UCLA.
The firm will open the Santa Monica office at the four-story Lincoln Wilshire building, with 242 desks, nearly two blocks from Santa Monica Boulevard.
“Santa Monica and Westwood are two submarkets we’ve had our sights set on for years, and we’re thrilled to be planting our first flags in the area,” Peri Demestihas, head of North American real estate growth for Industrious, said in a statement.
Industrious also has offices in Playa Vista, Century City, Hollywood, West Hollywood and Downtown L.A. The firm has also scooped up national offices left behind by WeWork following that company’s bankruptcy. Industrious claims more than 200 coworking offices in 65 cities worldwide.
Thirteen months ago, a Chicago-area judge ruled that Industrious owed Stockbridge Capital Group, its former West Loop landlord, more than $2.3 million for walking out on its lease.
In 2022, CBRE announced it was investing another $100 million in Industrious to help speed up international expansion. A year earlier, the Dallas-based firm acquired a 35 percent stake with the cash purchase of about $200 million in primary and secondary shares.
— Dana Bartholomew
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TRD Staff
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