{"id":1004519461,"date":"2021-03-31T11:44:04","date_gmt":"2021-03-31T19:44:04","guid":{"rendered":"http:\/\/internal.cpexecutive.com\/?p=1004519461"},"modified":"2022-04-19T00:37:00","modified_gmt":"2022-04-19T08:37:00","slug":"industrious-granite-to-open-first-newport-beach-office","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrious-granite-to-open-first-newport-beach-office\/","title":{"rendered":"Industrious, Granite to Open First Newport Beach Office"},"content":{"rendered":"
\"\"<\/a>

100 Bayview. Photo courtesy of Granite Properties<\/em><\/p><\/div>\n

Industrious has partnered with Granite Properties to open its first flexible workspace in Newport Beach, Calif. The coworking firm signed a lease for 53,478 square feet across an entire floor at Granite\u2019s 100 Bayview building.<\/p>\n

Dubbed Industrious Newport Beach, the space is set to open in May. The deal is part of an ongoing partnership between Industrious and Granite that began in November 2020.<\/p>\n

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READ ALSO<\/strong>: Office Occupancy Inches Up Across US, Kastle Finds<\/a><\/p>\n

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Granite Properties bought 100 Bayview for $125.7 million back in 2018, according to CommercialEdge data. The six-story, Class A office building is situated at 100 Bayview Circle, within the Bayview Corporate Center mixed-use campus. The building was originally constructed in 1991 and received a cosmetic renovation following Granite\u2019s acquisition. Current tenants include Green Street Advisors, WeWork and LDC Advisors, among others.<\/p>\n

The 346,335-square-foot property offers floorplates of 60,000 square feet and includes a 4,000-square-foot retail component. Industrious Newport Beach will comprise 104 private offices and suites, 19 conference rooms, a caf\u00e9, a wellness room, an outdoor lounge and a fitness center. The office has a parking ratio of 4\/1,000 and other amenities include EV charging stations and a complementary bike program.<\/p>\n

Industrious Newport Beach is near several key transit routes\u2014freeways 55, 73 and Interstate 405 are all within 5 miles, as is John Wayne Airport and multiple public transportation points. Cycling and hiking trails are available nearby, along with a variety of shopping and dining destinations.<\/p>\n

The new location marks Industrious\u2019 fifth such workspace in Orange County. In California, the company has a total footprint of more than 700,000 square feet. In February, CBRE announced plans to buy a 40 percent stake<\/a> in Industrious in a $200 million deal. The brokerage giant will become the largest shareholder in Industrious, which it plans to merge with Hana, CBRE\u2019s own flexible office platform.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new location marks the company\u2019s fifth flexible workspace area in Orange County.<\/p>\n","protected":false},"author":1284,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21742,21747,34267,15],"tags":[32789,35877,33383],"class_list":["post-1004519461","post","type-post","status-publish","format-standard","hentry","category-brokerage","category-deals","category-latest","category-office","category-orange-county","category-west","tag-cbre","tag-granite-properties","tag-industrious"],"acf":[],"yoast_head":"\nIndustrious, Granite to Open First Newport Beach Office - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/industrious-granite-to-open-first-newport-beach-office\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Industrious, Granite to Open First Newport Beach Office\" \/>\n<meta property=\"og:description\" content=\"The new location marks the company\u2019s fifth flexible workspace area in Orange County.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/industrious-granite-to-open-first-newport-beach-office\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-31T19:44:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-19T08:37:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/05\/100-Bayview-e1617194659767.jpg\" \/>\n<meta name=\"author\" content=\"Tudor Scolca\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/industrious-granite-to-open-first-newport-beach-office\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/industrious-granite-to-open-first-newport-beach-office\/\",\"name\":\"Industrious, Granite to Open First Newport Beach Office - 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