“We are excited to execute these new leases at 9 Times Square with high-quality tenants in Knotel and Poke Signature,” says New York City REIT CEO Michael Weil. “These actions demonstrate our continued commitment to achieving our strategy of fully repositioning 9 Times Square, while adding more dynamic companies to the tenant roster.”

The two new leases raise the occupancy rate at 9 Times Square from 58.3% leased as of June 30, 2017 to approximately 70.0% leased.

NEW YORK CITY—Office space provider Knotel has signed a long-term lease deal for more than 26,000 square feet of space at American Realty Capital New York City REIT's 9 Times Square office building.

Knotel inked a 10-year lease totaling 26,340 square feet that encompasses three floors at the property also known as 200 W. 41^st St. The real estate firm operates a network of custom locations that provide its clients with adaptable headquarters.

Knotel anticipates fully occupying the space at 9 Times Square by mid-2018. New York City REIT was represented by Newark Knight Frank and Knotel was represented by Savills Studley in the transaction.

New York City REIT also announced a 10-year, 1,203-square-foot retail lease with Poke Signature. The deal, the first for the retail space of the recently repositioned 167,00-square-foot property, will have Poke Signature open a restaurant serving Hawaiian fish poke dishes in December 2017. NYCR was represented by RKF and Poke Signature was represented by Kassin Sabbagh Realty in the lease deal.

“We are excited to execute these new leases at 9 Times Square with high-quality tenants in Knotel and Poke Signature,” says New York City REIT CEO Michael Weil. “These actions demonstrate our continued commitment to achieving our strategy of fully repositioning 9 Times Square, while adding more dynamic companies to the tenant roster.”

The two new leases raise the occupancy rate at 9 Times Square from 58.3% leased as of June 30, 2017 to approximately 70.0% leased.