{"id":1004773510,"date":"2025-10-02T23:31:01","date_gmt":"2025-10-03T07:31:01","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004773510"},"modified":"2025-10-03T05:49:16","modified_gmt":"2025-10-03T13:49:16","slug":"industrious-to-open-connecticut-flex-office-space","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/industrious-to-open-connecticut-flex-office-space\/","title":{"rendered":"Industrious to Open Connecticut Flex Office Space"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/5-Greenwich-in-Greenwich-Conn.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" data-attachment-id=\"1004773545\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/5-greenwich-in-greenwich-conn-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/5-Greenwich-in-Greenwich-Conn-edited.jpg\" data-orig-size=\"640,480\" 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;\\u00a9 Yardi Systems, Inc.&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=\"5 Greenwich in Greenwich, Conn.\" data-image-description=\"&lt;p&gt;Image courtesy of Yardi Research Data.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;5 Greenwich is a three-story, 106,000-square-foot office building in Greenwich, Conn.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/5-Greenwich-in-Greenwich-Conn-edited.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/5-Greenwich-in-Greenwich-Conn-edited.jpg\" alt=\"Exterior shot of 5 Greenwich, a 106,000-square-foot office property part of a 385,000-square-foot office campus in Greenwich, Conn.\" class=\"wp-image-1004773545\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/5-Greenwich-in-Greenwich-Conn-edited.jpg 640w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/10\/5-Greenwich-in-Greenwich-Conn-edited.jpg?resize=300,225 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption class=\"wp-element-caption\">The 106,293-square-foot 5 Greenwich is one of the eight buildings in a 385,000-square-foot office campus. <br><em>Image courtesy of Yardi Research Data<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Flex office giant Industrious has signed a 17,773-square-foot long-term lease at Fareri Associates\u2019 <a href=\"https:\/\/www.commercialsearch.com\/commercial-property\/us\/ct\/greenwich\/five-greenwich-office-park\/\">5 Greenwich<\/a> in Greenwich, Conn., marking the company&#8217;s first coworking space in the city. CBRE arranged the transaction on behalf of the ownership, while Cushman &amp; Wakefield represented the tenant in the negotiations.<\/p>\n\n\n\n<p>In January of this year, <a href=\"https:\/\/www.commercialsearch.com\/news\/cbre-group-to-acquire-industrious\/\">CBRE acquired<\/a> the remaining stake in Industrious, which brought the company&#8217;s ownership to full control. Since 2020, CBRE has purchased approximately 40 percent equity interest in the flex workplace solutions provider. With the remaining stake valued at $400 million, Industrious&#8217; estimated enterprise value amounts to around $800 million.<\/p>\n\n\n\n<p>Industrious will occupy the first floor at 5 Greenwich, where the amenity center is also located. The space underwent recent renovations, which included a new cafe, fitness center, private dining and direct access to an outdoor plaza.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-greenwich-office-park-up-close\">Greenwich Office Park, up close<\/h2>\n\n\n\n<p>Completed in 1974, the property is a three-story, 106,293-square-foot office building, part of the Greenwich Office Park, a 20-acre, eight-building campus totaling 385,000 square feet. Industrious will join Marblegate, Performance Equity Management, Greenwich Metals and Lotus Infrastructure Partners in the tenant roster, Yardi Research Data shows.<\/p>\n\n\n\n<p>Located in the Bridgeport &#8211; New Haven submarket, 5 Greenwich is less than 2 miles from the New York\/Connecticut state line, just off U.S. Route 1. Other major thoroughfares in the area include Interstate 95 and CT-15. The property is some 6 miles southeast of Westchester County Airport. Downtown Manhattan is 35 miles away.<\/p>\n\n\n\n<p>CBRE Executive Vice President David Block was in charge of leasing at the office building, while Cushman &amp; Wakefield Managing Directors Justin Halpern and Edward Wartels, Executive Managing Director Steve Baker and Senior Associate Benjamin Bouganim worked on behalf of Industrious in the deal.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-industrious-recent-activity\">Industrious&#8217; recent activity<\/h2>\n\n\n\n<p>In March,<a href=\"https:\/\/www.commercialsearch.com\/news\/industrious-adds-manhattan-location\/\"> Industrious leased 20,000 square feet<\/a> at 560 Lexington Ave. in Manhattan&#8217;s Midtown East. The company will occupy an entire floor at the property. <\/p>\n\n\n\n<p>Later in May, the flex office provider, together with Florida\u2019s high-speed rail system Brightline, <a href=\"https:\/\/www.commercialsearch.com\/news\/industrious-brightline-to-launch-on-the-go-workspaces\/\">launched On-The-Go Workspaces<\/a>. The initiative will involve four train stations across Florida which will feature coworking spaces, as well as a bookable private train car for working commuters.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the company\u2019s first location in this upscale New York City suburb.<\/p>\n","protected":false},"author":3619,"featured_media":1004773545,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,52118,1600,21742,10],"tags":[32789,32799,33383],"class_list":["post-1004773510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-coworking","category-new-york","category-latest","category-northeast","tag-cbre","tag-cushman-wakefield","tag-industrious"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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