Knotel pushes into FiDi with 43K sf lease

Firm has inked 100K sf in Manhattan leases of late

TRD 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
Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

Duke Long and Poshtel International CEO Morten Lund

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

From left: Pavel Fuks, Michael Cohen, Felix Sater, and Donald Trump (Credit: Getty Images and Wikipedia)

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Rodrigo Niño (Credit: Prodigy Network and iStock)

Embattled Prodigy Network CEO Rodrigo Niño to step down

arrow_forward_ios