Industrious announced it has signed additional space for its Chicago – Ogilvie location at 500 West Madison Street in Accenture Tower, a 1.46-million-square-foot office tower. Accenture Tower is owned by KBS, one of the largest owners of premier commercial real estate in the nation. Industrious Ogilvie will now comprise over 93,000 square-feet of space, up from its original 46,500 square-feet; the company signed the expansion due to overwhelming consumer demand.
“Industrious has an established presence in Chicago and we continue to see strong demand for our product,” said Doug Feinberg, director of real estate at Industrious. “Our Ogilvie location opened in June and immediately exceeded expectations. The building is so on-brand for Industrious – it’s a highly-amenitized property in a prime, walkable location – so we jumped at the opportunity to expand our presence in the asset. We look forward to serving even more members at Industrious Ogilvie.”
Industrious Ogilvie features shared workplaces, private offices for teams of various sizes, and Canvas suites, its signature enterprise offering. Known for its professional atmosphere, Industrious offers its members thoughtfully-designed workspaces intended to increase productivity; all-inclusive amenities including Wi-Fi, a fully-stocked cafe with breakfast served daily, and networking events and programming; and access to its vast national network. The Ogilvie expansion space at Accenture Tower is expected to be open for business in Q2 2020.
KBS spearheaded a multi-million-dollar renovation of Accenture Tower in 2015 to deliver in-demand services and amenities. The property features 80,000 square-feet of retail space, a two-level fitness center, and a host of concierge services. The office tower has also been awarded The Outstanding Building of the Year (TOBY) twice by the Building Owners and Managers Association (BOMA).
“Accenture Tower is a sought-after destination for today’s office tenants,” explains Dan Park, senior vice president of KBS and asset manager of the property. “In addition to its high-quality environment and amenities, the property’s location above Ogilvie Transportation Center is like nothing else in Chicago. Industrious’ members can commute in, come to work, and enjoy state-of-the-art food and fitness amenities – all without ever stepping foot outside.”