Knotel pushes into FiDi with 43K sf lease

Firm has inked 100K sf in Manhattan leases of late

New York /
Apr.April 09, 2019 12:50 PM
Knotel CEO Amol Sarva and 88 Pine Street (Credit: Google Maps)

Knotel CEO Amol Sarva and 88 Pine Street (Credit: Google Maps)

Knotel, the flexible office company, is taking multiple floors at 88 Pine Street, rounding out a smattering of Manhattan leases recently signed by the company.

The New York-based company said Tuesday that it had taken 43,520 square feet at the Financial District tower, spanning floors four to nine. Led by Amol Sarva, the firm provides spaces for enterprise companies that are free of Knotel branding and offers varying floor plates.

Elie Reiss of Skylight Leasing represented Knotel in the deal.

The firm said it had signed five leases recently, totaling about 94,000 square feet in New York. The surge in leases also contributed to the firm’s 1 million square feet signed globally in the first quarter of 2019, it said. In January, Knotel was in advanced talks to lease the entire Flatiron Building, following a protracted negotiation process.

The firm faces intense competition for commercial space downtown: WeWork recently signed for 200,000 square feet at Jack Resnick & Sons’ 199 Water Street, and Convene just took Saks Fifth Avenue’s 73,000-square-foot space at Brookfield Place.

Founded in 2016, Knotel has raised $160 million and says it has 3 million square feet across 200 locations in New York, San Francisco, London, Los Angeles, Berlin, Brazil and Paris.


Related Articles

arrow_forward_ios
The Real Deal's Hiten Samtani and Douglas Elliman's Scott Durkin (Photos by Paul Dilakian)
Real estate’s titans talk building, selling, and reinventing the city
Real estate’s titans talk building, selling, and reinventing the city
ICSC at Las Vegas (photos by Joe Lovinger and Suzannah Cavanaugh/The Real Deal)
“Hot girl real estate” reigns at ICSC, Covid be damned
“Hot girl real estate” reigns at ICSC, Covid be damned
(iStock)
Banks, tech among departures sinking Midtown office market
Banks, tech among departures sinking Midtown office market
Irvine Company chairman Donald Bren, Tishman Speyer CEO Rob Speyer, and 200 Park Avenue (Getty Images, Irvine Company, iStock)
Capital Grille signs with Tishman Speyer, Irvine at MetLife Building
Capital Grille signs with Tishman Speyer, Irvine at MetLife Building
Amazon CEO Andy Jassy (Getty Images, iStock)
Amazon to scrap industrial properties in warehouse strategy flip
Amazon to scrap industrial properties in warehouse strategy flip
L-R: Savanna's Chris Schlank, Eastdil Secured's Will Silverman, JLL's Bob Knakal (Photos by Paul Dilakian)
Office royalty talk conversions, distress and the “downsize upgrade” trend
Office royalty talk conversions, distress and the “downsize upgrade” trend
Columbia Property Trust's Nelson Mills and 799 Broadway (Columbia Property Trust, 799 Broadway, iStock)
Columbia Property Trust signs investment firm to 71K sf at 799 Broadway
Columbia Property Trust signs investment firm to 71K sf at 799 Broadway
East End Capital's Jonathon Yormak and 141 East Houston Street (141 East Houston Street, East End Capital)
Boutique LES office scores blockchain firm as anchor tenant
Boutique LES office scores blockchain firm as anchor tenant
arrow_forward_ios

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

Loading...