Industrious Expands Austin Coworking Footprint
Industrious has teamed up with PGIM Real Estate and HPI Real Estate and Investment Services to open Industrious at 3rd & Congress, a 20,573-square-foot coworking space in Austin, Texas.
The flex workspace location, which marks Industrious’ fourth in the city, is situated within PGIM’s 22-story office building at 301 Congress Ave. The company purchased the 418,388–square-foot property in 2015 for $240 million, CommercialEdge data shows.
Industrious at 3rd & Congress provides 251 desks, 35 offices for teams of as many as 20 people, 20 phone booths and four conference rooms. Amenities include weekly happy hours, unlimited color printing, a wellness room, as well as daily breakfast and snack offerings. Tenants also have access to the building’s ground-floor retail space, conference center and Tacodeli restaurant.
The 301 Congress Ave. building is less than a mile from downtown Austin, next to Interstate 35 and several dining and retail options. The property’s tenant roster includes Morgan Stanley, Teza, EDF, NinjaOne and Cordell & Cordell.
Focusing primarily on locations within mixed-use neighborhoods, where people can benefit from a live-work dynamic, Industrious is rapidly expanding its portfolio across multiple markets. Industrious at 3rd & Congress marks the company’s ninth location in Texas, following the addition of a 23,489-square-foot coworking space in downtown Houston in July last year. The coworking space operator also has a presence in Dallas and Plano, Texas.
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