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 Article

arrow_forward_ios

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Knotel joins the unicorn club with latest funding round

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

Developer seeks $40M for Opportunity Zone site in downtown Newark

This East End icon might finally be closing in on a sale

Mack-Cali sells Paramus office property, Murphy enacts land bank reforms & more North Jersey real estate news

arrow_forward_ios