Agile Workspace Provider Expands in Midtown South and Midtown East
Knotel, the premier agile workspace provider, announced today that it has completed four new leasing transactions totaling 76,412 square feet in Manhattan, further bolstering its presence in the city.
The most recent leasing activity continues Knotel’s extraordinary growth in the Midtown South submarket, where the company has completed 37 transactions totaling approximately 600,000 square feet over the last 12 months.
Knotel’s new locations include:
- a 35,600 square-foot lease at the New School’s 36 West 14th Street property in Union Square. The new space includes the entire 2nd floor of the 180,000 square-foot office building, which is located between Fifth and Sixth Avenues. Michael Morris and Greg DiGioia of Newmark Knight Frank represented Knotel in the transaction, while Jeff Roseman and Billy Cohen of Newmark Knight Frank represented ownership.
- a 24,660 square-foot lease at AION Partners’ 11 East 44th Street, an 18-story 136,000 square-foot building located one block from Grand Central Station. The space encompasses the building’s 2nd, 3rd, 5th and 8th floors. Michael Morris and Greg DiGioia of Newmark Knight Frank represented Knotel in the transaction, while William Cohen and JD Cohen of Newmark Knight Frank represented the landlord.
- a 10,722 square-foot lease at Skyway Development Group’s 30 West 21st Street, situated between Fifth and Sixth Avenues in the Flatiron District. Knotel will occupy the entire 4th and 7th floors of the building. Christel Engel of Colliers International represented the landlord in the transaction; there was no outside broker for Knotel.
- a 5,430 square-foot lease at Condo Structure’s 22 West 21st Street in the Flatiron District. The space includes a portion of the building’s 3rd floor. Elie Reiss of Skylight Leasing represented Knotel in the transaction, while Jonathan Anapol and Chris Bellino of Prime Manhattan Realty represented building ownership.
Upon closing the transactions, Eugene Lee, global head of real estate & business development at Knotel, commented: “We are thrilled to expand our presence in Midtown South and Midtown East submarkets -- two neighborhoods that have seen tremendous demand for flexible office space in recent years. As entrepreneurs and fast-growing companies continue flock to these neighborhoods, we will be here to support them.”
Knotel – which designs, builds and operates custom spaces for companies of 50 employees or more – was founded in New York City in 2016 and caters to established and growing brands. It has quickly expanded nationally and internationally, with additional locations in San Francisco, London, and Berlin. Knotel currently operates more than 80 locations, with plans to expand in existing cities, and into new markets in the U.S. and overseas. Today, over 200 companies call Knotel home.
About Knotel
With over 2 million square feet across more than 100 locations in New York, San Francisco, London, Los Angeles, Berlin, Paris and Brazil, Knotel is transforming the way we work with its Agile HQ™ Platform. Making long-term leases a thing of the past, Knotel designs, builds, and operates custom spaces for enterprises, so that business leaders can focus on building the future.
Founded in 2016, Knotel has raised $160 million in funding, and was named a Business Insider Top 50 Startup and New York's Hottest New Workspace Model. Knotel’s member network includes companies like Starbucks, Cheddar, and The Body Shop. Visit knotel.com.
