Industrious Expands at Gordon Property's Iconic 860 Broadway in Manhattan

Industrious, a global flexible workplace company, is expanding its footprint at 860 Broadway, a six-story office building located in New York's Silicon Alley. This expansion will occupy the entire 5th floor, doubling the company's space to 27,630 rentable square feet and bringing the building to full occupancy.

Facilitating Growth

Tim Gordon, managing director of Gordon Property Group, highlights 860 Broadway's boutique status and prime Manhattan location as key factors driving demand for flexible workspace. Gordon Property Group is pleased to support Industrious in its expansion within the building.

Industrious Growth and Initiatives

Industrious has experienced significant growth, with over 200 locations in 65 cities globally. The company recently announced initiatives such as providing on-demand office spaces and partnering with Instacart to offer same-day supplies. The expanded space at 860 Broadway will feature private offices, shared workspaces, and conference rooms overlooking Union Square, scheduled to open in Q1 2025.

Success and History at 860 Broadway

860 Broadway, originally built in 1926, underwent a full renovation in 2019 by Gordon Property Group. The building's rich history includes being home to Andy Warhol's Factory studio. Today, it houses various media, technology, and service firms, contributing to its vibrant atmosphere.

Key Players and Representation

JLL, a leader in commercial real estate, facilitated the transaction, with executive vice president Seth Hecht and associate Thomas Swartz representing 860 Broadway. Industrious was represented by Cushman & Wakefield managing directors Justin Halpern and Ed Wartels, along with Senior Associate Benjamin Bouganim. Seth Hecht emphasizes the property's appeal to employers seeking elevated workspaces to meet their business needs.

With Industrious' expansion, 860 Broadway continues to evolve as a prime destination for professionals and businesses in Manhattan's Union Square area, supported by strong representation from industry leaders like JLL and Cushman & Wakefield.