Knotel lands more office leases in NoMad, Flatiron District

WeWork rival taking 43K sf at 156 Fifth Avenue and about 40K sf at 105 Madison Avenue

TRD New York /
May.May 23, 2018 09:00 AM

Amol Sarva, 105 Madison Avenue, and 156 Fifth Avenue (Credit: Photos via Wikimedia Commons and CityRealty)

Knotel is continuing to rack up its leases in New York City.

The flexible-office company has landed a 43,000-square-foot lease at 156 Fifth Avenue in the Flatiron District and a 40,050-square-foot lease at 105 Madison Avenue in NoMad, according to sources familiar with the deals.

Elie Reiss of Skylight Leasing served as the broker for Knotel at both buildings, and Brett Rovner and Randolph Lewis of The Ashtin Group represented landlord A&R Real Estate at 105 Madison Avenue. HRC Corporation, the landlord at 156 Fifth Avenue, represented itself in the transaction.

Representatives for Knotel declined to say how long the leases were for and what clients would occupy the spaces.

Knotel, a rival to WeWork, landed another new lease earlier in May for 23,000 square feet in Savanna’s Chelsea building at 31 West 27th Street. The company also inked a lease for 24,000 square feet in Soho at 584 Broadway in January.

It has leased more than 1.1 million square feet over the past two years in New York, San Francisco and London and was recently valued at $500 million.


Related Articles

arrow_forward_ios
An aerial view of a pop-up drive-in theater built in the parking lot at the Broadway Commons in Hicksville, New York (Getty)

Covid pummeled shopping centers, but their parking lots are thriving

Covid pummeled shopping centers, but their parking lots are thriving
20 West 33rd Street (20West33rd)

Furnishing firm picks up 4 condos at 60 Guilders, Carlyle’s Midtown South project

Furnishing firm picks up 4 condos at 60 Guilders, Carlyle’s Midtown South project
Bank OZK CEO George Gleason (Unsplash; Bank OZK)

Bank OZK’s lending up in third quarter

Bank OZK’s lending up in third quarter
Gap CEO Sonia Syngal (Getty)

Gap Inc. will close 350 stores and exit malls entirely

Gap Inc. will close 350 stores and exit malls entirely
Steve Cohen and Citi Field (Getty)

Citi Field lease clause could stymie billionaire’s quest for the Mets

Citi Field lease clause could stymie billionaire’s quest for the Mets
Consumers are using streaming services more than ever, and data center real estate is booming (iStock)

Real estate for data centers is having a moment

Real estate for data centers is having a moment
Paul Manafort and Manhattan district attorney Cyrus Vance, Jr. (Getty)

Manafort mortgage-fraud case dismissed, again

Manafort mortgage-fraud case dismissed, again
Howard Hughes’ Saul Scherl and a rendering of 250 Water Street (Getty, The Howard Hughes Corporation/SOM)

Howard Hughes to launch review process for $1.4B Seaport tower

Howard Hughes to launch review process for $1.4B Seaport tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...