Knotel Establishes Boston Beachhead in North Station
Eugene Lee, Knotel’s chief investment officer and global head of real estate, says the firm is seeing strong customer demand in Boston expects the firm to have “many more buildings (in Boston) in 2020.”
BOSTON—Workspace provider has established its first location in Boston at 239 Causeway St. in the North Station section of the city.
The new 26,000-square-foot Boston location increases the company’s fast-growing global portfolio to more than 570 locations in 16 cities around the world.
Eugene Lee, Knotel’s chief investment officer and global head of real estate, says the firm is seeing strong customer demand in Boston and expects the firm to have “many more buildings (in Boston) in 2020.”
Owned by Boston Development Group, 239 Causeway St. is located less than a mile from Boston’s historic North End; The Hub on Causeway, a recently completed 2-million-square-foot mixed-use development featuring a high-end food hall, cinema and other retail; and TD Garden, Boston’s premier multi-purpose sports and entertainment arena.
Since 2016, New York City-based Knotel has grown to more than 200 buildings encompassing a total of more than r 4 million square feet, with customers in New York, San Francisco, London, Los Angeles, Washington, D.C., Paris, Berlin, Toronto, Boston, São Paulo and Rio de Janeiro.
Knotel recently announced $400 million in additional financing, which is being deployed to grow the company’s footprint in existing markets, continue expansion into the world’s 30 largest office markets and deepen its engagement with global enterprise accounts.