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.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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