Industrious Leases 25,000 Square Feet in Plano
The co-working operator will open a 300-seat workplace at Assembly Park, a Triten Real Estate development.
Updated on Nov. 13, 2026 in Remote Work
Industrious, a co-working operator backed by CBRE, has leased 25,000 square feet at Assembly Park in Plano. The deal is structured as a revenue-sharing partnership with Triten Real Estate, which developed the site, and the parties declined to provide further specifics.
Why it matters
The arrangement avoids a traditional long-term lease, a structure that may appeal to flexible-space operators in the Plano office market. For the Plano area, it adds a co-working option to a development that also includes creative office, retail and multifamily space.
The 25,000-square-foot lease is compared with Assembly Park's 180,000-square-foot creative office space, which typically fetches $28 per square foot. Industrious's financial terms for the Plano lease were not disclosed.
The players
Industrious
Industrious is a co-working operator backed by CBRE that runs flexible workspaces across several U.S. markets.
CBRE
CBRE is a global commercial real estate services firm that acquired Industrious last year and brokered this lease.
Triten Real Estate
Triten Real Estate is the developer of Assembly Park in Plano, which includes office, retail and multifamily space.
The details
CBRE's Julee Amparo and Tommy Nelson brokered the deal for Triten Real Estate, which uses a revenue-sharing partnership with Industrious rather than a conventional long-term lease. Industrious, which CBRE acquired last year, is valued at $800 million and is also adding space in Playa Vista, San Francisco and New York.
Timeline
Last year (2025): CBRE acquired Industrious.
September 2026: Industrious opened its 20th location in Playa Vista.
Third quarter of 2026: Dallas-Fort Worth ranked third nationally for co-working spaces.
July 2027: The Assembly Park location in Plano is scheduled to open with over 300 seats.
Market Landscape
Dallas-Fort Worth ranked third nationally for total co-working spaces in the third quarter of 2026, and the Industrious lease adds to that growing regional supply. The deal reflects a broader shift toward flexible, revenue-shared arrangements in a market where landlords are competing for tenants.
For Plano workers and small teams, the Assembly Park location offers a flexible workspace option scheduled to open in July 2027. Those considering a co-working membership can expect the new site to add capacity in a growing regional market.
The takeaway
Flexible, revenue-shared leases are becoming a practical option for operators and landlords alike, and readers tracking office demand in Plano should watch whether similar structures spread through the area.
What happens next
Industrious's Assembly Park location in Plano is scheduled to open in July 2027 with over 300 seats.
Further reading
For more on how flexible workspaces are changing office demand, explore our Remote Work coverage.
Source note: This article includes information reported by The Real Deal New York.
