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Knotel Adds One Million Square Feet in Q1

Workspace Innovator Continues its Rapid Growth Globally,

Adds Locations at 88 Pine Street, 1407 Broadway, 26 West 17th Street,

29 West 17th Street and 28 West 15th Street

New York (April 9, 2019) – Knotel, the leading flexible office space provider, announced today it has finalized five office transactions totaling 93,903 square feet in New York City. These transactions capped a record breaking first quarter at Knotel, with global growth surging to add another one million square feet under management.

The largest transaction is a 43,520 square-foot lease at 88 Pine Street in the Financial District. The new space in Orient Overseas Associates’ building encompasses the 4th and 9th floors. Elie Reiss of Skylight Leasing represented Knotel in the transaction.

Knotel also signed a 27,404 square-foot space on the 25th and 26th floors at 1407 Broadway in Times Square. Michael Cohen and John Pavone of Colliers International represented Knotel, while Jon Wheless and Chris Perry from Aquila Comercial represented the sub-landlord, GoDaddy.

In addition to the new deals at 88 Pine Street and 1407 Broadway, Knotel completed three other transactions in Midtown South, including:

  • A 9,979 square-foot lease on the 4th floor at Winter Properties’ 26 West 17th Street. Knotel was represented by Doug Regal of Cushman and Wakefield.

 

  • A 7,500 square-foot lease on the 4th, 7th, and 8th floors at Moinian Group’s 29 West 17th Street. Knotel was represented by Elie Reiss of Skylight Leasing.

 

  • A 5,500 square-foot sublease on the 11th floor at 28 West 25th Street, with Flipboard as the sub-landlord. Knotel was represented in house.

 

“Adding one million square feet globally in the first quarter is a significant milestone for our business here in New York and around the world,” said Amol Sarva, Knotel CEO and co-founder. “As the industry leader in flexible office, we have built a machine that quickly and efficiently adds great locations in major markets around the world to serve our clients, and this growth will continue to accelerate.”

Knotel – a flexible office platform that gets, builds and operates tailored spaces for companies of 50 employees or more – caters to established and growing brands. Founded in New York City, it has quickly expanded nationally and internationally, with additional locations in San Francisco, Los Angeles, London, Paris, Berlin and Brazil. Knotel currently operates 150 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 3 million square feet across 200 locations in New York, San Francisco, London, Los Angeles, Berlin, Brazil and Paris, 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, HotelTonight, and Omnicom. Visit knotel.com.

 

Contact:

RUBENSTEIN

Amanda Gilberg

agilberg@rubenstein.com

212.843.9358

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