Newmark is pleased to announce that Knotel has signed a lease to occupy a 11,940-square-foot space at 80 8th Avenue in Chelsea. Newmark Managing Director Scott Brown and Associate Morgan Feldman represented the landlord Mplatform LLC., while Newmark Executive Managing Director Michael Morris and Associate Gregory DiGioia represented Knotel 80 Eighth Avenue LLC.
80 8th Avenue was constructed in 1930 and sits in the vibrant Manhattan neighborhood of Chelsea, home to some of the best restaurants and shopping in the city. Additionally, the building is located a short walking distance to the High Line and the historic West Village and the nightlife-rich Meatpacking District.
As an office space, the 20-story building sets itself apart by combining a distinctive, neo-gothic exterior and recent, high-end buildouts for tenants.
“Chelsea is a thriving neighborhood for companies to move and it offers a highly conducive setting for success, thanks to the dual office and residential makeup of the area,” said Mr. Brown. “A steady flow of young professionals, coupled with the thriving Meatpacking District, makes this an ideal spot for tenants who want to work and play in one of the city’s most dynamic neighborhoods.”
Knotel designs, builds and operates custom spaces for established and growing brands, so they can be free to grow their businesses and create at will. With more than one million square feet across New York, San Francisco, London and Berlin, Knotel’s network of more than 2,000 members includes companies such as Cheddar, Stash, The Body Shop, Starbucks and Teachable.
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. Newmark Group is a publicly traded subsidiary of BGC Partners, Inc. (“BGC”) (NASDAQ: BGCP), a leading global brokerage company servicing the financial and real estate markets.
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