{"id":1004699555,"date":"2024-01-29T12:39:24","date_gmt":"2024-01-29T20:39:24","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004699555"},"modified":"2024-01-30T06:24:10","modified_gmt":"2024-01-30T14:24:10","slug":"industrious-expands-austin-coworking-footprint","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrious-expands-austin-coworking-footprint\/","title":{"rendered":"Industrious Expands Austin Coworking Footprint"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a2f0fc59402e&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-medium is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004699792\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/industrious-expands-austin-coworking-footprint\/industrious\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/industrious-e1706516024364.png\" data-orig-size=\"1125,844\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"industriousthirdcongress\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;The operator will occupy the space at PGIM&#8217;s 22-story Class A office building. Image courtesy of Industrious&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/industrious-e1706516024364.png?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" height=\"225\" width=\"300\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/industrious-e1706516024364.png?w=300\" alt=\"\" class=\"wp-image-1004699792\" style=\"width:326px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/industrious-e1706516024364.png 1125w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/industrious-e1706516024364.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/industrious-e1706516024364.png?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/01\/industrious-e1706516024364.png?resize=1024,768 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Industrious at 3rd &amp; Congress opened at 301 Congress Ave., PGIM&#8217;s 22-story Class A office building in Austin, Texas. <em>Image courtesy of Industrious<\/em><\/figcaption><\/figure><\/div>\n\n\n<p><strong>Industrious<\/strong> has teamed up with <strong>PGIM Real Estate<\/strong> and <strong>HPI Real Estate and Investment Services<\/strong> to open Industrious at 3rd &amp; Congress, a 20,573-square-foot <a href=\"https:\/\/www.commercialsearch.com\/coworking-space\/us\/tx\/austin\/?CoworkingWorkspaceTypes=0&amp;MapView=True\" target=\"_blank\" rel=\"noreferrer noopener\">coworking space in Austin<\/a>, Texas. <\/p>\n\n\n\n<p>The flex workspace location, which marks Industrious&#8217; fourth in the city, is situated within PGIM\u2019s 22-story office building at 301 Congress Ave. The company purchased the 418,388<strong>&#8211;<\/strong>square-foot property in 2015 for $240 million, CommercialEdge data shows.<\/p>\n\n\n\n<p>Industrious at 3rd &amp; Congress provides 251 desks, 35 offices for teams of as many as 20 people, 20 phone booths and four conference rooms. Amenities include weekly happy hours, unlimited color printing, a wellness room, as well as daily breakfast and snack offerings. Tenants also have access to the building\u2019s ground-floor retail space, conference center and Tacodeli restaurant. <\/p>\n\n\n\n<p>The 301 Congress Ave. building is less than a mile from downtown Austin, next to Interstate 35 and several dining and retail options. The property&#8217;s tenant roster includes Morgan Stanley, Teza, EDF, NinjaOne and Cordell &amp; Cordell.<\/p>\n\n\n\n<p>Focusing primarily on <a href=\"https:\/\/www.commercialsearch.com\/news\/what-makes-a-location-good-for-flex-space-industrious-ceo-weighs-in\/\">locations within mixed-use neighborhoods<\/a>, where people can benefit from a live-work dynamic, Industrious is rapidly expanding its portfolio across multiple markets. Industrious at 3rd &amp; Congress marks the company\u2019s ninth location in Texas, following the addition of a <a href=\"https:\/\/www.commercialsearch.com\/news\/industrious-expands-houston-footprint\/\">23,489-square-foot coworking space<\/a> in downtown Houston in July last year. The coworking space operator also has a presence in Dallas and Plano, Texas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm has partnered with PGIM and HPI Real Estate to open the new location.<\/p>\n","protected":false},"author":2703,"featured_media":1004699792,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1578,52118,21783,21742,51973],"tags":[40149,33383,34714],"class_list":["post-1004699555","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-austin","category-coworking","category-investment","category-latest","category-southwest","tag-hpi-real-estate-services-investments","tag-industrious","tag-pgim-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Industrious Expands Austin Coworking Footprint - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Industrious, PGIM and HPI Real Estate opened Industrious at 3rd &amp; 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