Market Overview

Industrious Acquires Chicago-Based Coworking Company Assemble

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Industrious Doubles Its Chicago Footprint with Three New Coworking
Spaces

Industrious,
the largest premium workplace provider in the U.S., today announced that
it has acquired Assemble,
a Chicago-based shared workspace provider. The deal will include 42,000
square feet of office space and all three of the Assemble
offices: Wicker Park, Old Town and West Loop.

Founded in 2013, Industrious provides premium coworking and flexible
workplace solutions to established companies and enterprises ranging
from small businesses to Fortune 500 brands, including household names
such as Lyft, Hyatt, Pandora and Chipotle. The company has seen
extraordinary growth in the past year, now operating over 50 coworking
spaces in 33 cities nationwide. Industrious currently runs three offices
in Chicago – Evanston, Fulton Market and River North – and this
acquisition will double Industrious' Chicago presence.

"Assemble is a powerful asset to our growth in the Chicago market and we
look forward to welcoming Assemble members into our diverse and growing
network of national leaders," said Jamie Hodari, Co-Founder and CEO of
Industrious. "This is a really unique opportunity to not only build on
the vibrant coworking spaces that Assemble has already created, but also
to greatly increase our presence in Chicago."

"We are excited to work with the Industrious team to realize our shared
vision for what coworking can be," said Phil Domenico, Co-Founder and
CEO at Assemble. "Chicago is home to an extraordinarily dynamic business
community, and we see an immense opportunity for these three coworking
spaces to flourish."

Starting today, Assemble customers will become a part of Industrious'
national network of members, with access to all Industrious locations
across the country.

About Industrious

Industrious is the largest premium coworking solution and flexible
workspace provider in the U.S. We take pride in our hospitality-focused
approach to creating and maintaining beautiful, productive work
environments for our nationwide customer base of established companies
and enterprises. As a service-driven company that believes in
consistently delivering the best experience at work, our stunning,
design-driven workspaces and best-in-class services and amenities
instill a sense of pride in our customers and empower our community to
be their best each day. Learn more at www.industriousoffice.com.

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