CBRE buys 35% stake in workspace provider Industrious, which has outpost on Dean Street, across from B12/B13 site

A 2/22/21 press release, CBRE Group, Inc. Acquires 35 Percent Interest in Industrious, Leading Provider of Flexible Space Solutions, adding that the "world’s largest commercial real estate services and investment firm," which is headquartered in Dallas, is expecting to acquire another 5% in the coming weeks.

The deal includes $200 million in cash and the transfer of CBRE's own "flexible-space solutions offering, Hana," which has ten locations in the U.S. and UK. The Commercial Observer quoted Industrious CEO Jamie Hodari: "Almost every Fortune 500 [company] is putting in workplace plans that explicitly say they’re going to massively increase their use of flex."

"Industrious has more than 100 locations in more than 50 U.S. cities and specializes in asset-lite flexible workplace operating models," according to the press release, which added:

The investment significantly increases CBRE’s participation in the flexible workplace sector and positions the company to meet rising demand from occupiers for agile space solutions — a trend that is being accelerated by the Covid-19 pandemic. Recent CBRE surveys show that 86% of its occupier clients, which include many of the world’s largest global corporations, plan to incorporate flex office space in their real estate strategies, and 82% will favor buildings that offer a flex-office component.

Across from Atlantic Yards/Pacific Park

One location is at 594 Dean Street in Prospect Heights, across from the western segment of the B12/B13 construction project, which includes two residential towers and a below-grade fitness center and fieldhouse from Chelsea Piers.

A desk at 594 Dean starts at $797/month and an office starts at $1,449. From the Industrious page for that site:

Our elegant space nestled between the brownstones of Prospect Park incorporates neighborhood charm, innovative design, and full-service amenities to foster a warm and welcoming environment. Just blocks from the Barclays Center and 10 subway Lines, the office is just as convenient as it is beautiful.

Unmentioned: there's construction across the street until 2023.