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Deals & Dealmakers

Knotel pens 100,000 s/f more in leases

Knotel announced that signed another five office transactions totaling 99,486 s/fK in New York City.

The new transactions follow closely on the heels of last week’s announcement of four new office leases totaling approximately 80,000 s/f locally.

Knotel’s New York City portfolio now totals over two million s/f, with most properties in Midtown South and Lower Manhattan.

In the largest transaction, Knotel has signed a 37,868 s/f lease at OTB’s 220 West 19th Street in Chelsea. The new space encompasses floors 3 through 5 and the 9th floor of the property. Elie Reiss of Skylight Leasing represented Knotel in the transaction, while the landlord was represented by PD Properties LLC.

Knotel is also signing a 30,334 s/f lease on the 9th and 10th floors at TriBeCa Associates’ 30 Broad Street in the Financial District. Elie Reiss of Skylight Leasing represented Knotel, while Andrew Peretz, Hal Stein, David Malawer, and Daniel Appel of Newmark Knight Frank represented the landlord.

In addition to 220 West 19th Street and 30 Broad Street, Knotel has completed three other deals in Midtown South, including:

  • a 12,425 s/f lease on the 7th floor at 399 Lafayette Street. Knotel was represented by Michael Morris and Greg DiGioia of Newmark Knight Frank, while the landlord, Fisher Realty/Astor Wines was represented by Barrett Stern of Newmark Knight Frank.
  • a 11,498 s/f lease on the 2nd floor at 22 West 21st Street. Knotel was represented by Elie Reiss of Skylight Leasing, and the landlord, Condo Structure was represented by Jonathan Anapol and Chris Bellino of Prime Manhattan Realty.
  • a 7,361 s/f lease on the 6th floor at Justin Management’s 115 West 30th Street. There were no brokers involved in the transaction

“We are continuously evaluating opportunities to expand our footprint based on factors like client demand, owner relationships and market conditions,” said Eugene Lee, global head of real estate & business development at Knotel. “As the leader in providing flexible office for real businesses, we have already grown to more than 80 locations in New York and have many more on the way.”

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