Updated Sep 9, 2026
Industrious Leases 12,000 Square Feet At Caruso's Historic Masonic Temple In Glendale
234 South Brand Boulevard
Building Size
12,000 SF
Asset Type
Office
Closing
Sep 2, 2026
About this deal
AI
The asset involved in this lease transaction is an office located at 234 South Brand Boulevard in Glendale, CA, encompassing a total square footage of 12,000. The lease was signed as part of the effort to expand office space in the area.
Summary of transation details:
- Property Type: Office
- Transaction Amount: Not specified
- Lease Size: 12,000 square feet
- Address: 234 South Brand Boulevard
- Market: Glendale, CA
- Landlord: Jackie Levy - Caruso
- Tenant: Gentry Long - Industrious
- Expected Opening: June 2027
- Private Office Seats: 101
- Common-area Seats: 17
- Industrious' Location Number: Second Glendale site, 19th across Greater Los Angeles
In this transaction, Jackie Levy represents Caruso as the landlord, while Gentry Long represents Industrious as the tenant. The deal reflects a strategic move for Industrious to expand its presence in the Greater Los Angeles area.
Players
Glendale Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93