Lee NYC Brings Knotel to 45,000 Square Feet at 360 Park Avenue South

by Knotel: June 14, 2018

Contact:
Lee & Associates
Meredith Brown, mbrown@lee-associates.com
Office: 212-776-1245

Lee NYC Brings Knotel to 45,000 Square Feet at 360 Park Avenue South

New NoMad headquarters is largest single transaction for leading flexible office startup

NEW YORK (April 27, 2018) – Peter Braus, Managing Principal, Dennis Someck, Executive Managing Director/Principal, Mitchell Kunikoff, Executive Managing Director/Principal and Morris Dweck, Associate, of Lee & Associates NYC have arranged a 45,000-square-foot lease for the entire 19th and 20th floors at 360 Park Avenue South for Knotel. As an alternative to co-working spaces, Knotel finds, builds, designs, and operates custom office spaces, without requiring member businesses to commit to long-term leases. The company has offices in New York, San Francisco and London.

“The Knotel team has leased over 500,000 square feet for their member businesses over the past two years,” explains Mr. Braus, who represented the tenant in conjunction with Mr. Someck, for the four-year lease. “This office in NoMad fits in with the company’s continued rapid growth and fortunately the space was already built out and necessitated minimal work on the part of Knotel.”

The multi-level office will include 22,500 square feet on the 19th floor and 22,500 square feet on the 20th floor. The sub-sublandlord, Wyng, was represented by Mitchell Kunikoff and Morris Dweck of Lee & Associates NYC. The sub-landlord, RELX, was represented by Paul Ippolito and Dina Deutsch of Newmark Knight Frank. Knotel will take occupancy this month. The asking rent was $65 per square foot.

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About Lee & Associates NYC
The New York office of Lee & Associates, and its affiliated company Sierra Real Estate LLC, provides a full array of corporate advisory and commercial real estate services, including office and retail brokerage, sales and investments, and project and property management. Together, the firms have more than 85 real estate professionals in its 600 Madison Avenue headquarters office. Additional information is available at
www.leeassociatesnyc.com

About Lee & Associates

Lee & Associates is a commercial real estate brokerage, management and appraisal services firm. Established in 1979, Lee & Associates has grown its service platform to include offices in the United States and Canada. Lee & Associates provides superior market intelligence in office, industrial, retail, investment and appraisal to meet the specialized needs of our clients. For the latest news from Lee & Associates, visit lee-associates.com or follow us on Facebook, LinkedIn, Twitter and Link our company blog.

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