Granite in the News: Industrious and Granite to Open Glendale coworking space at 500@TheBrand


The Real Deal
Co-working firm Industrious expands into Glendale in deal with Granite Properties

The firm has inked a deal for 24K sf at Granite Properties’ 500@TheBrand
By Gregory Cornfield | November 26, 2018

Co-working firm Industrious, which already has three locations in Los Angeles, is expanding into Glendale.

The company has inked a deal for 24,000 square feet at Granite Properties’ office tower, 500@TheBrand in Glendale.

The space will be located on the 20th and 21st floors of the building at 500 N. Brand Boulevard. The space is slated to open in June 2019, according to a joint release.

Granite’s @TheBrand location includes two adjacent office buildings — the 431,800-square-foot structure at 500 N. Brand Boulevard, and a 307,400-square-foot building at 550 N. Brand Boulevard. The two buildings are connected by outdoor space that was recently completed.

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San Fernando Valley Business Journal
Coworking Company Industrious Expands into Glendale
By Michael Aushenker
Tuesday, November 27, 2018
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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.

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Commercial Observer
Industrious Partners With Granite Properties for First Glendale Location

By Alison Stateman
November 28, 2017

Industrious has teamed up with Granite Properties to open a coworking space at 500 North Brand Boulevard in Glendale, according to a release from Industrious.

Per the management agreement, Industrious will oversee 24,000 square feet of vacant space in the Los Angeles County building dubbed 500@TheBrand, totaling the entire 20th floor and half of the 21st floor of the 23-story property in the central business district, which is slated to open next June.

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CoStar
Industrious and Granite Properties Team Up to Provide Coworking Space in Glendale
Shared Office Space Industry Moving Away From Direct Landlord Lease Model Only
By Karen Jordan
November 28, 2018

Fast-growing Brooklyn coworking firm Industrious has created a partnership with Dallas commercial real estate investment and development company Granite Properties Inc. to open a shared office space in a Los Angeles suburb, the latest move in its shift away from traditional leases as the coworking industry and landlords adapt to the trend’s new stronghold in office markets across the country.

Industrious said it has partnered with Granite to open a 24,000-square-foot shared office space on the 20th and 21st floors of 500@TheBrand, a 431,835-square-foot building at 500 N. Brand Blvd. in Glendale, a city just northeast of downtown Los Angeles. While Industrious said it does not reveal the number of partnerships it operates with landlords, the deal is at least the third of its kind nationwide for the company.
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Property Shark
Industrious Nabs First Glendale Location at 500@TheBrand

By Alexandra Farcas
November 29, 2018

Industrious has signed a deal with Granite Properties for 24,000 square feet of Los Angeles office space at 500 North Brand Boulevard in Glendale. The firm plans to open a coworking spot here in June next year, taking over the entire 20th floor, as well as half of the 21st floor in the 23-story building.

 

Los Angeles Business Journal
Granite, Industrious Bring Coworking to Glendale
By Hannah Madans
Thursday, December 6, 2018

As companies move away from traditional workplaces, the need for coworking spaces has grown.

The latest company looking to capitalize on the trend is Granite Properties. The company is working with Industrious to bring coworking to Glendale, the two announced Nov. 26.

Its flexible office space, called 500@TheBrand will have 24,000 square feet at 500 North Brand Blvd. It is Industrious’ first location in Glendale.

The space will open in June 2019.

Read the full story here