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- Industrious signs Corporate Center Pasadena, its third location in partnership with Coretrust Capital Partners.
- The new location will take up 29,000 square feet in Corporate Center Pasadena.
- The new location will mark Industrious’ second location in the Pasadena market.
NEW YORK, NY (October 30, 2019) – Industrious, the largest premium flexible workspace provider in the U.S., today announced it has signed an agreement in partnership with Coretrust Capital Partners for a new location in Pasadena, CA. The company will take approximately 29,000 square-feet in Corporate Center Pasadena, the largest office campus in Pasadena occupying a full six-acre city block with more than 640,000 square-feet of commercial space.
“Industrious has been in Downtown Los Angeles since 2016 and we’ve seen strong demand from our existing members for locations in surrounding business centers, like Pasadena,” said Mark Hamblin, regional manager, west at Industrious. “Our ongoing relationship with Coretrust Capital Partners led us to Corporate Center Pasadena and we’re proud to be expanding our presence in this growing business hub.”
Industrious is known for its professional atmosphere, thoughtfully-designed workspaces intended to increase productivity, and hospitality-driven, member-centric approach. It offers all-inclusive amenities such as: Wi-Fi, a fully-stocked cafe with breakfast served daily, networking events and programming, and access to its vast national network. Industrious Corporate Center Pasadena will feature shared workplaces and private offices for teams of various sizes.
“We are pleased to partner again with Industrious at Corporate Center Pasadena, as our experience clearly demonstrates that Industrious provides the finest in flexible workspace and amenities for our tenants,” said Spike Whitney, Vice President, Coretrust Capital Partners.
Corporate Center Pasadena is a four-building campus, located at 201, 225, 251 and 283 South Lake Avenue. It comprises over 600,000 square-feet of office space, more than 40,000 square-feet of tenant amenity retail, a 60,000-square-foot plaza and more than 2,000 parking stalls. Since purchasing the property in 2018, Coretrust has begun a $90 million renovation to create a one-of-a-kind collaborative campus in Pasadena that includes upgrading the buildings with state-of-the-art technologies, creating inviting public spaces including plazas, gardens and terraces, updating all lobbies, modernizing elevators and adding on-site tenant serving businesses.
This will be the second Industrious location in Pasadena; the company previously announced plans to open at One Colorado in Q3 2020. This is also the third Industrious location in partnership with Coretrust Capital Partners; the two have partnered for Industrious Los Angeles – FourFourtyFour South Flower and Industrious Philadelphia – Two Liberty Plaza, which is set to open Q1 2020.
Around the country, past and present Industrious members include: Compass, Heineken, Humana, Lyft, Pandora, Pinterest, and Zillow. Industrious currently has over 85 locations across more than 45 U.S. cities.
About Industrious
Industrious is the largest premium flexible workspace provider in the U.S. with over 85 locations in more than 45 U.S. cities. Its Workplace Experience platform, which pairs thoughtfully-designed spaces with hospitality-driven services and amenities, has reshaped the concept of coworking into a scalable solution for companies of all sizes and stages. Since its founding in 2013, Industrious has helped thousands of companies scale their businesses while maintaining the highest NPS scores in the industry. For more information, visit www.industriousoffice.com.
About Coretrust Capital Partners
Coretrust Capital Partners, LLC (“Coretrust”) is a Los Angeles-based private real estate operating company formed in 2014 by three original partners of Thomas Properties Group, Inc. (NYSE: TPGI). Coretrust, a Registered Investment Advisor, provides fiduciary investment management services to institutional clients in both co-investment and separate account vehicles targeting opportunistic, value-add, core plus and core strategies in the office sector. Coretrust targets acquisitions in major urban centers located in the West Coast, Southwest and the Mid-Atlantic regions. For more information visit www.coretrustcapital.com
