The property involved in the transaction is located at 3400 West Riverside Drive in Burbank, covering an area of 18,400 square feet, categorized as office space. The asset is part of the Burbank market, where recent developments have influenced leasing activity.

Summary of transation details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Square Footage: 18,400
• Address: 3400 West Riverside Drive
• Market: Burbank
• Tenant: Jamie Hodari - Industrious
• Landlord: Douglas Emmett

This transaction marks a significant step for Industrious, as it signed a profit-sharing agreement with Douglas Emmett at Studio Plaza. This site represents the 18th location for Industrious in Greater Los Angeles, highlighting the company's ongoing expansion efforts which follow CBRE’s $400 million acquisition. The new location is smaller compared to the largest L.A. locations of Industrious, and it coincides with additional expansions in other markets.