Industrious Is Opening Its First Workplace in South Carolina

Industrious, the highest-rated flexible workplace company, announced it will be partnering with Atlantic South Development to open a new flexible workplace at 677 King Street in Charleston, SC. This latest expansion is the first workplace location in South Carolina for Industrious and marks the company’s continued growth across the U.S.

Slated to open in December 2022, Industrious Charleston is located between King and Shepard Street,
offering excellent visibility and exceptional access key points across Charleston. The new ground up
development adds to the Charleston skyline and features two ground floor retail spaces and onsite
parking. The surrounding area features numerous walkable amenities including a tapas lounge, vegan
restaurant, hotels, bars and more.

“We are opening our first Charleston location at 677 King Street and breaking into a market that we have
been interested in for a long time,” said Peri Demestihas, Senior Director of Real Estate Growth at
Industrious. “We have been waiting for the perfect location, and Atlantic South Development has built
exactly that. The building offers the best of both worlds from a location perspective, with easy access to
I-26 and Highway-17, and plenty of walkable amenities for Industrious members to utilize. From our
perspective, Mitch and Taylor have delivered the best office product in Charleston, and we’re thrilled to
be a part of it.”

Industrious Charleston will feature 472 total seats spanning across 34,028 square feet and offer a range
of private offices, shared workspaces for individuals and teams, multiple conference rooms, and lounge
areas.

Industrious’ national network includes flexible workplaces in more than 50 U.S. markets and provides members with productive and engaging workspaces for companies of all sizes and stages. Since 2017,
Industrious has entered into partnership agreements with landlords, rather than signing traditional
leases – a unique business model in the commercial real estate industry. Under this model, landlords are
better positioned to meet the demands of modern occupiers, while Industrious is rewarded for strong
performance. The sharing formula varies on a case-by-case basis.

“We’re excited to welcome Industrious to the Charleston market,” said E. Mitchell Norville, Owner of
Atlantic South Development. “677 King Street is an unrivaled, high-profile location in the Upper
Peninsula area and we are eager to provide this community with flexible workplace solutions.
Industrious embodies the exact type of quality tenant that we anticipated during the development of
the property and we’re looking forward to collaborating with them.”


Chip Shealy with CBRE represented the landlord, Atlantic South Development, in the deal negotiations.

For more information, visit www.industriousoffice.com.

About Industrious
Industrious’ private offices and suites — the highest-rated workspaces in the industry — provide the
most sustainable option for companies to manage newly distributed teams for the long term. We make it
easy to find an office that works for you — even if you come in just once or twice a week. Recognized as
one of America’s 500 fastest-growing companies in 2020 by Inc. Magazine, Industrious offers flexible
terms and locations in more than 50 U.S. markets and the U.K. For more information, visit
industriousoffice.com.

About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the
world’s largest commercial real estate services and investment firm (based on 2021 revenue). The
company has more than 105,000 employees (excluding Turner & Townsend employees) serving clients in
more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services,
including facilities, transaction and project management; property management; investment
management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage
services and development services. Please visit our website at www.cbre.com.

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