Industrious Announces Third Philadelphia Location Set For Just-Opened Fashion District Philadelphia

• Premium flexible workspace provider, Industrious, has signed a fourth location in partnership with Macerich. 
• The new coworking space will mark Industrious’ third Philadelphia location.
• The coworking space, located in the Fashion District Philadelphia, will boast around 47,000 square feet.

NEW YORK, NY (October 2, 2019) – Industrious, the largest premium flexible workspace provider in the U.S., today announced its third Philadelphia location: an approximately 47,000-square-foot space in the just-opened Fashion District Philadelphia, the new retail and entertainment destination in downtown Philadelphia, co-owned by Macerich and PREIT.   This is Industrious’s fourth location in partnership with Macerich.

“We’ve seen strong demand for the Industrious product in Philadelphia and are excited to be deepening our presence in the market,” said Joyce Oh, Mid-Atlantic area manager at Industrious.  “Our existing relationship with Macerich led us to Fashion District and we’re proud to be a part of this city-wide destination. This will be our third location in the city, forming an Industrious triangle around City Hall that allows us to serve the various business districts – finance, retail, and the arts. The expansion also benefits our members as they now have access to a greater local network, in addition to our national one.”

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 Fashion District will feature shared workplaces and private offices for teams of various sizes.  It is expected to be open for business Q2 2020.

“Macerich is excited to welcome Industrious to another one of our dynamic retail and entertainment destinations,” said Cory Scott, senior vice president, Macerich. “After the hugely successful launch of Industrious at our Scottsdale Fashion Square property in early 2019, it’s clear there is real fit for amenity-rich coworking concepts in our high-performing properties. A well-located property with something for everyone, Fashion District Philadelphia is slated to be another great match for Industrious.”   

In addition to Industrious Scottsdale – Fashion Square in Arizona, Industrious has announced plans to open at Macerich’s Broadway Plaza in Walnut Creek, CA, and Country Club Plaza in Kansas City, MO.  

Industrious currently has two other locations in Philadelphia – Avenue of the Arts and Two Liberty Place, 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 Fashion District Philadelphia

Fashion District Philadelphia is a robust retail and entertainment offering unlike any other in downtown Philadelphia. Spanning three city blocks, it will feature over 800,000 square feet of dynamic offerings, including flagship, traditional full price, off-price and branded outlet retail, destination dining and entertainment, along with public art and evolving cultural events. With a prime location in Center City, Fashion District Philadelphia is just steps away from Philadelphia’s historic district and connected to Reading Terminal, the Pennsylvania Convention Center and SEPTA’s Jefferson station – offering convenience and accessibility for millions of Philadelphia residents, commuters and visitors.

Fashion District Philadelphia is a joint venture partnership between Macerich and PREIT. For regular updates and more information, visit www.FashionDistrictPhiladelphia.com. 

About Macerich

Macerich, an S&P 500 company, is a fully integrated self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States.

Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country’s most attractive, densely populated markets with significant presence on the West Coast, Arizona, Chicago and the Metro New York to Washington, D.C. corridor. A recognized leader in sustainability, Macerich has earned Nareit’s prestigious “Leader in the Light” award every year from 2014-2018. For the fifth straight year in 2019, Macerich achieved the #1 GRESB ranking in the North American Retail Sector, among many other environmental accomplishments. Additional information about Macerich can be obtained from the Company’s website at www.Macerich.com. 

About PREIT

PREIT (NYSE: PEI) is a publicly traded real estate investment trust that owns and manages quality properties in compelling markets. PREIT’s robust portfolio of carefully curated retail and lifestyle offerings mixed with destination dining and entertainment experiences are located primarily in the densely populated eastern U.S. with concentrations in the mid-Atlantic’s top MSAs. Since 2012, the company has driven a transformation guided by an emphasis on portfolio quality and balance sheet strength driven by disciplined capital expenditures. Additional information is available at www.preit.com or on Twitter or LinkedIn.