Knotel Takes Full Floor at Beijing Shokai Group-Owned Chelsea Building

by Knotel: April 19, 2018

Knotel signed a 10-year deal late last month for the entire fifth floor at the 14-story, roughly 143,000-square-foot building between Seventh and Eighth Avenues, representatives for landlord broker ABS Partners Real Estate told CO. A spokeswoman for the office provider confirmed the deal, but described it as a “management agreement”—though representatives for ABS confirmed that the transaction took the form of a conventional office lease.

Asking rent for the space was $52 per square foot, sources said. An ABS team of James CaseleyJohn Brod and Alison Miller represented the landlord, a subsidiary of China-based real estate investment and development firm Beijing Capital

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