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
“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think
Clockwise from bottom left: Robert Reffkin of Compass, John Gomes, Scott Rechler of RXR Realty, Rich Barton of Zillow, Gary Keller of Keller Williams and Don Peebles of The Peebles Corporation (Getty)

“America is in crisis:” Real estate leaders address George Floyd protests

“America is in crisis:” Real estate leaders address George Floyd protests
A mass timber project in Cleveland is now under construction and could be the nation’s tallest when completed. Harbor Bay Real Estate Advisors’ Intro development will rise nine stories with 298 residential units (Credit: Harbor Bay Real Estate Advisors)

Mass timber project in Cleveland could be nation’s tallest

Mass timber project in Cleveland could be nation’s tallest
Joy Construction’s Eli Weiss (left), Maddd Equities’ Jorge Madruga (top), and Drew Katz with 20 Bruckner Boulevard in the Bronx (Getty; Google Maps)

“Dream” comes true for long-vacant Bronx ice house

“Dream” comes true for long-vacant Bronx ice house
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Photo illustration of Sen. Brian Kavanagh (Credit: Kavanagh by Albin Lohr-Jones/Pacific Press/LightRocket, Getty Images, iStock)

Lawmakers skip #CancelRent in favor of more modest bills

Lawmakers skip #CancelRent in favor of more modest bills
The process for challenging property assessments is so antiquated, officials won’t do Zoom meetings. (iStock)

“A recipe for disaster”: Fighting property taxes in a pandemic

“A recipe for disaster”: Fighting property taxes in a pandemic
Photo illustration of Paraag Sarva and Amol Sarva (Credit: Amol Sarva by Sasha Maslov, Linkedin)

Brother from the same mother: Knotel, Rhino CEOs didn’t disclose family tie on insurance deal

Brother from the same mother: Knotel, Rhino CEOs didn’t disclose family tie on insurance deal
arrow_forward_ios

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

Loading...