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Industrious Leases 23000 SF Office Space At 255 Alhambra Circle In Coral Gables

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LEASED
Alex Karakhanian
Scott Sherman
SB
+ 1

Florida

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Office23,000 SF
Leased 03/20/2026
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Property Image
LEASED

Industrious Leases 23000 SF Office Space At 255 Alhambra Circle In Coral Gables

255 Alhambra Circle

See Similar Deals
Office23,000 SF
Leased 03/20/2026
Alex Karakhanian
Scott Sherman
SB
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:23,000 SF
Transaction Type:Lease

255 Alhambra Circle is an office asset located in the Coral Gables market, comprising 23,000 square feet. This location will serve as the first Coral Gables site for Industrious.

Summary of transaction details:

Industrious will occupy 23,000 square feet with 190 seats at this location, offering amenities such as craft coffee, secure Wi-Fi, and unlimited printing. This venture is in partnership with Terranova Corp., contributing to the expansion of Industrious' presence in South Florida amid increasing demand for coworking spaces, following its acquisition by CBRE.

Details

LEASED
IMAGE: Alex Karakhanian, Stephen Bittel, Scott Sherman & Jamie Hodari DATE: 03/20/2026 ADDRESS: 255 Alhambra Circle MARKET: Coral Gables ASSET TYPE: Office ~ SF: 23,000 LANDLORD: Stephen Bittel - Terranova Corporation; Alex Karakhanian - LNDMRK Development (@LandmarkDevelopmentGroup); Scott Sherman - Torose Equities (@ToroseEquities) TENANT: Jamie Hodari (@JamieHodari) - Industrious (@Industrioushq) NOTE: Industrious will open its first Coral Gables location at 255 Alhambra Circle, occupying 23,000 sf with 190 seats and amenities including craft coffee, secure Wi-Fi, and unlimited printing.The space is a landlord-partnered venture with Terranova Corp., expanding Industrious’ South Florida footprint amid strong regional coworking demand, following its $800M acquisition by CBRE.

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Deal Type
Effective Rent (Annual)

$1,318,346.12

Total Lease Value

$13,183,461.21

Net Landlord Cash Flow$1,318,346.12