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Knotel Expands Further with 2 Madison Square Deals
Knotel has finalized two office leases with owner/manager Himmel + Meringoff totaling 21,500 square feet in Midtown South’s Madison Square neighborhood. They include 11,000 square feet over two floors at 12 W. 27th St., and 10,500 square feet at 12 W. 21st St.
Elie Reiss of Skylight Leasing represented Knotel in the transaction, while ownership was represented in-house by Jason Vacker and David Cohen.
The new leases follow three other downtown leases signed by the flexible workspace provider, at 5 Hanover Square, 80-90 Eighth Ave. and 155 Fifth Ave. Knotel’s New York City portfolio now totals 1.5 million square feet overall.
“We are strong believers in the flexible office space model, and continue to see value in its role in our market,” said Jason Vacker, president & CEO of Meringoff Properties. “This transaction continues to show the incredible demand for the submarket and Midtown South as a whole.”
For comments, questions or concerns, please contact Paul Bubny
- ◦Lease
