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Industrious currently operates three offices in Chicago in Evanston, Fulton Market and River North.

The company states the sale resulted in a total return to the investors of 142.10% (calculated based on the aggregate amount of original capital invested in the property).

The real estate advisory firm states the portfolio was 100% occupied at the time of the sale and traded for a total value of $2.755 million.

The Mark Co. projects sales to top $1 billion for the expansive development across from DTLA's Staple Center.

Company officials say the $500-million fund is one of the largest in the nation, and the only one of its kind in the state of Colorado.

First Industrial will break ground this month on phase one of the park involving two rear-load facilities of 219,808 and 125,267 square feet, respectively.

WeWork has emerged as the clear front runner in coworking and is also a top tenant in some of the largest loans securitized in CMBS deals, according to Kroll Bond Rating Agency.

"We continue to see preservation groups show interest in acquiring and protecting high-quality land like this from development," says NAI Hanson's John J. Schilp.