110 William St./Image credit: Savanna
NEW YORK CITY—Knotel continues to increase its Manhattan office leases, expanding at 110 William St. The flexible office space provider will be occupying 117,000 square feet, three full floors in the skyscraper that's owned by Savanna and KBS Capital Advisors. The 32-story office building is between John and Fulton streets in the heart of Lower Manhattan.
Knotel is upping its lease by 80,650 square feet, having completed a 35,848 square-foot lease on the 17th floor in August 2018. It will now also occupy the entire seventh and eighth floors.
Eugene Lee, chief investment officer at Knotel, notes expanding relationships with owners like Savanna and KBS is a key component of their being able to better serve clients.
Knotel provides office spaces for companies of 50 employees or more, now leasing over three million square feet across 200 locations in New York, San Francisco, Los Angeles, London, Paris, Berlin and São Paolo.
Constructed in 1918 as a 15-story building, the property height at 110 William St. was increased to 32 stories in 1959. Architect Sylvan Bien led the expansion. Since acquiring the building in 2014, Savanna and KBS have renovated the lobby, façade, bathrooms and corridors.
All the brokers involved with the 110 William St. lease were from Newmark Knight Frank. Greg DiGioia and Michael Morris represented Knotel. Hal Stein, Todd Stracci and Travis Wilson represented the property owners.
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Betsy Kim
Betsy Kim was the bureau chief, East Coast, and New York City reporter for Real Estate Forum and GlobeSt.com. As a lawyer and journalist, Betsy has worked as the director of editorial and content for LexisNexis Lawyers.com, a TV/multi-media journalist for NBC and CBS affiliated TV stations in the Midwest, and an associate producer at Court TV.
