The New York office for Avison Young announced that flexible-office-space tenant Knotel has leased over 28,000 square feet on six floors at 211 East 43rd Street, a renovated office building owned by Alchemy-ABR Investment Partners and Clarion Partners.
The building is located between 2nd and 3rd Avenues in the heart of Midtown Manhattan and the deal was done by an Avison Young team including Mitti Liebersohn, President and Managing Director of Avison Young’s New York City Operations, John Ryan, Principal, and Henry Fuentes, Senior Associate, who served as the exclusive leasing agents for the property and represented building ownership, Alchemy-ABR Investment Partners and Clarion Partners, on behalf of its client, in this transaction. Michael Cohen, President, Tri-State Region and John Pavone, Director at Colliers International, represented Knotel.
“The location and top notch quality of the landlord’s renovation attracted Knotel to 211 East 43rd Street and we are thrilled to have them here,” noted Ryan. “Many of the offices are brand-new, pre-built suites that are ideal for an innovative company like Knotel, and these ready to move in offerings are particularly attractive in this area of Midtown.”
Originally built in 1928, 211 East 43rd Street has undergone several capital improvement projects over the last few years, including a brand-new building exterior façade and entrance awning designed by BKSK Architects, providing a new modern look for the building, and an updated lobby, new windows and upgraded mechanical systems.
Knotel leased 4,725 s/d on the eighth floor, 3,291 s/f on the 10th floor, 3,965 s/f on the 15th floor, 4,855 s/f on the 16th floor, the entire 18th floor totaling 5,954 square feet, and the entire 19th floor totaling 6,083 square feet.
The building is now 93% leased, with a unique full-floor opportunity of 11,915 RSF available on the second floor.
An ideal location for commuters, 211 East 43rd Street is one block from Grand Central Terminal and adjacent to a brand new parking garage. It is also surrounded by several popular Midtown East restaurants.