N.Y. Deal Sheet: One Vanderbilt Signs German Bank Duo As Second Office Tenant

by Knotel: April 19, 2018

Knotel, continuing its rapid New York leasing pace, has signed a deal for 25K SF at The Moinian Group's 55 West 21st St., taking the entire building for its managed office suites, intended to be a step up from co-working providers like WeWork. Knotel decided to bridge the gap by partnering with WeWork competitor Grind to recommend clients who fit with each other's business model. As part of the deal, Knotel took over Grind's space at 419 Park Ave. South. Elie Reiss of Skylight Leasing represented Knotel at 55 West 21st St., where the company also has an option to expand to 30K SF. The Moinian Group's Gregg Weisser represented the company in-house.

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