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- Category: Coworking Industry
Coworking company Industrious is leasing 24,000 square feet at Granite Properties’ building at 500 N. Brand Blvd., according to The Real Deal.
Industrious will occupy the 20th and 21st floors of the 423,900-square-foot tower, with the business set to open in June.
The Glendale location, which marks Industrious’ eighth in California and 55th nationwide, will serve as competition against such Tri-Cities coworking hubs as WeWork Burbank at The Tower on 3900 W. Alameda Ave. WeWork leases four floors at the Burbank office building.
Recently, downtown Glendale has become a hive of commercial real estate activity, with Beacon Capital Partners acquiring the 22-story former Nestle USA site at 800 N. Brand Ave. for $160 million, and Harbor Associates and Belay Investment Group co-paying $28 million to purchase Glendale Gateway at 700 N. Central Ave.