Industrious' First Suburban Co-Working Location Will Be In Atlanta

Courtesy: CBRE
7000 Central Park In Sandy Springs

Industrious is venturing out into Atlanta's suburbs, the first non-urban location for the fast-growing co-working provider.

New York-based Industrious inked a 28K SF lease at 7000 Central Park in Sandy Springs for 12 years. The space is designed to house up to 200 members.

This is the company's fifth Atlanta location. CEO and co-founder Jamie Hodari said there is good reason Industrious selected Atlanta as the first suburban market.

“For many years now, Atlanta has been our best market,” Hodari said. “If there is a city where we're going to try to push the size of a location, or if we're going to experiment, we're going to experiment in Atlanta. It's not a coincidence that Atlanta was the first."

Jamie Hodari, Industrious
Courtesy of Industrious
Industrious CEO Jamie Hodari and President Justin Stewart

Hodari previously told Bisnow that the company intended to push suburban growth in the metro area, including markets like Cumberland/Galleria and Decatur.

Industrious made its Atlanta debut in 2015 at the Silhouette Building in Midtown. It has since expanded into other locations, such as the vaunted Ponce City Market redevelopment in Midtown and the former Aaron's headquarters building at 309 East Paces Ferry in Buckhead Village. The company’s West Midtown location is set to open in the next week.

Co-working has become one of the fastest-growing office products in Atlanta in recent years. There are big names, including WeWork, Roam and Regus' Spaces co-working concept, as well as local players such as Atlanta Tech Village, Switchyards in Downtown Atlanta and Tech Square Labs. There are also a smattering of local co-working operators throughout the metro area.

In all, Colliers International estimates some 1.2M SF in Atlanta is being used by co-working operators.

Hodari said 7000 Central Park — the 424K SF tower owned by CBRE Global Investors in Central Perimeter — is a centralized location for many of Industrious' clients, and allows some to work closer to home.

“The ability to base their business up there or have an additional place to work from close to their home is going to be a valuable proposition for them,” he said.

The tower also is situated amid Cox Enterprises Inc.'s headquarters campus. Most recently CBRE Global Investors inked a deal to expand Cox's auto auction division, Manheim Inc., into nearly 56K SF at 7000 Central Park, making the company the landlord's largest tenant there.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Atlanta Newsletters
Related Stories

Cross Ocean Partners, Fuller Realty Acquire 829K SF Houston Office Campus

Sandy Springs Shopping Center Gets Incentives For Major Overhaul: The Atlanta Deal Sheet

NYC Office Investor Warns It Could Go Under As Defaults Pile Up

Deutsche Bank Takes 5 Floors At Oaktree And Quadrant's Canary Wharf Scheme

Coconut Grove Office Flipped For $15M Gain After One Year

D.C.'s Office Market Is Getting A Makeover

EXCLUSIVE: Industrial Outdoor Storage Investor Continues Buying Spree In Metro Atlanta

Oxford Properties Pays $435M For Boston Office Tower, Eyes More Deals

Judge Rules FBI Can't Scrap Maryland Headquarters Plan

Food And Beverage Increasingly Becoming Anchor In Mixed-Use Projects

EXCLUSIVE: Opal Holdings' Former 700K SF Suburban Chicago Office Campus Hits The Market

Judge Approves $70M Sale Of Philly's Largest Office Complex