Newmark announced today that popular co-working concept Knotel has leased the entire second floor at 36 West 14th Street, owned by The New School. The company will occupy approximately 36,500 square feet with a dedicated street entrance from West 14th Street between Fifth and Sixth Avenues, formerly occupied by New York Sports Club.
Newmark Vice Chairmen Jeffrey D. Roseman and William Cohen represented The New School in the transaction, while Michael Morris, Executive Managing Director, and Gregory DiGioia, Associate, represented Knotel.
“14th Street continues to be one of the best value streets in New York City,” said Roseman, a leader with Newmark’s Retail practice who previously executed deals on 14th Street with Urban Outfitters, TD Bank, The Guitar Center, and most recently CVS at the New School’s Skidmore Owings & Merrill designed University Center. “We are pleased to have assisted The New School again in securing a great amenity to the building and the surrounding community. The space provides Knotel with a rare branding opportunity featuring prominent exterior signage and its own private entrance.”
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently-owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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