(SALT LAKE CITY) — Hines, the international real estate firm, today announced that the Kearns Building in Salt Lake City will be the next property in its portfolio to offer The Square, its flexible space-as-a service offering. Industrious, the largest premium workplace provider in the U.S., will be the operator.
The Kearns Building, which opened in 1911 and was acquired by Hines in 1988, just completed a $ 25-million-dollar redevelopment project, which included new building support systems and elevator modernization; along with the addition of a new outdoor patio and west lobby; tenant lounge, wellness center and gym.
“The Kearns Building in downtown Salt Lake City, with its brand-new lobby, fitness center and open-air deck, provides an amenity rich, authentic backdrop and ideal location for The Square, which will offer tenants state-of-the-art flexible workplace services,” commented Hines Senior Managing Director Dusty Harris.
The Square was developed in response to the evolving needs of the modern workforce, allowing Hines to deliver agile and amenitized workspaces to its tenant base. The company selected Industrious as one of its workplace provider partners-of-choice after an intensive vetting process across the coworking industry. Industrious provides a productive and engaging workplace for companies of all sizes and stages; at The Kearns Building, it will manage The Square with Industrious, a 25,000-square-foot flexible workspace offering, which is expected to be open for business in June.
“The future of work is about more than just office space, it’s about delivering a better experience to occupiers,” said Jamie Hodari, CEO and co-founder of Industrious. “Industrious has perfected the art of creating the most engaging, productive, and desirable workplaces in the country. Hines recognized our expertise and we’re proud to be continuing our relationship with them in Salt Lake City.”
The Kearns Building, at 136 S. Main Street, is the second Square location; the first is 717 Texas, a 33-story Class A office tower in Houston. This will also be the second Industrious location in Salt Lake City. Around the country, Industrious has over 95 locations across more than 50 cities.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 219 cities in 23 countries. Hines has approximately $124.3 billion of assets under management, including $63.8 billion for which Hines provides fiduciary investment management services, and $60.5 billion for which Hines provides third-party property-level services. The firm has 148 developments currently underway around the world. Historically, Hines has developed, redeveloped or acquired 1,362 properties, totaling over 449 million square feet. The firm’s current property and asset management portfolio includes 514 properties, representing over 222 million square feet. With extensive experience in investments across the risk spectrum and all property types, and a pioneering commitment to sustainability, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information.
Industrious is the largest premium workplace provider in the U.S. with over 95 locations in more than 50 U.S. cities. Its Workplace Experience platform, which pairs thoughtfully-designed spaces with hospitality-driven services and amenities, has reshaped the concept of coworking into a scalable solution for companies of all sizes and stages. Since its founding in 2013, Industrious has helped thousands of companies scale their businesses while maintaining the highest NPS scores in the industry. For more information, visit www.industriousoffice.com.