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Deals & Dealmakers

Knotel continues to grow Midtown West footprint

Knotel, the fleixible workspace provider, has completed two new leasing transactions totaling 63,697 s/f in Midtown West.

Knotel has completed approximately 625,000 s/f of leasing volume since the beginning of 2019.
In addition to its rapid expansion in Manhattan and San Francisco, the company also recently expanded in Europe through a strategic acquisition of a majority stake in Paris-based Deskeo, the largest flexible office operator in France.
The newest Knotel locations are:

• A 35,292 s/f lease at Vanbarton Group’s 45 West 45th Street. The new space encompasses the entire 3rd, 6th, 7th and 8th floors of the 16-story building, located between Fifth Avenue and Avenue of the Americas. Jared Horowitz and Ben Shapiro of Newmark Knight Frank represented Knotel, while Ethan Silverstein and Greg Kuhlman of Cushman & Wakefield represented building ownership.

• A 28,405 s/f lease at Shorenstein’s 1407 Broadway. Knotel will occupy multiple office suites in the 43-story, 1.1 million square-foot building, which is situated just south of Times Square between West 38th and West 39th Streets. Bob Foreman of Shorenstein represented the landlord in-house in lease negotiations. There were no outside brokers for Knotel.

Eugene Lee, global head of real estate & business development at Knotel, commented: “These transactions demonstrate how we have already helped more than 50 owners in NYC provide flexible office solutions to growing companies while reducing vacancy and adding value to their buildings. Our firm continues to grow in the Midtown West submarket, and we expect to add many more locations this year.”
Knotel designs, builds and operates spaces for companies of 50 employees or more.

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