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Knotel Increases Midtown South Presence by 14K SF
Knotel has finalized a 14,160-square-foot lease at Eretz Group’s 101 Fifth Ave. With this deal, the flexible office provider now has 40 locations totaling 580,881 square feet in the Flatiron District, Union Square and Chelsea.
“The addition of 101 Fifth contributes another prime site to our market-leading portfolio in Manhattan,” said Eugene Lee, CIO at Knotel. “As companies continue to flock to the Flatiron, Union Square and Chelsea areas, we are here to support them.”
Knotel was represented in the long-term transaction by NKF’s Greg DiGioia and Michael Morris. Situated between East 17th and East 18th streets, 101 Fifth is home to a wide array of tenants, including retailer Zara on the building’s ground floor.
Globally, Knotel recorded leasing volume of about one million square feet during the first quarter. The company has locations in San Francisco, Los Angeles, London, Paris, Berlin and São Paolo as well as New York.
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