The Real Deal New York

Knotel expands in Manhattan with a new lease at 61 Broadway

The company is taking 60k square feet on four floors
By Meenal Vamburkar | January 17, 2019 06:15PM

61 Broadway and Eugene Lee (Credit: RXR Realty and Knotel)

Knotel has locked down a new lease in Lower Manhattan.

The flexible office company finalized a 60,323 square-foot lease at RXR’s 61 Broadway, Knotel said in a statement. The lease spans the entire 9th, 10th, 17th and 18th floors of the 33-story tower.

Commercial Observer first reported news of the deal.

CBRE’s Sinclair Li, Dan Wilpon and Evan Fiddle represented Knotel in the deal. Newmark Knight Frank’s Hal Stein, David Malawer, Ben Shapiro and Todd Stracci represented the owner.

“This is a strategic step that reflects flexible real estate needs and the growing opportunities in the Lower Manhattan market,” Eugene Lee, global head of real estate & business development at Knotel, said in the statement.

In December, Knotel signed three new leases for a combined 80,000 square feet in Chelsea. The biggest deal was the firm’s 51,000 square feet at 27 West 23rd Street, where Knotel will share the building with liquor company Eldrington.