Knotel has increased its Manhattan presence by signing a lease with ATCO Properties & Management for 27,186 square feet at 240 W. 35th St. The coworking company will take up the building’s entire seventh, eighth and 18th floors by late fall.
The Class A property encompasses 165,000 square feet across 18 stories. Knotel’s space will undergo build-outs executed by the landlord’s in-house contractor, Essential Design + Build. The new location will include collaborative areas, open offices and user-friendly meeting rooms. Completed in 1924, the asset underwent a series of renovations in 2009 and 2017, according to Yardi Matrix data. Improvements included refurbishing the lobby and the common corridors, as well as the elevators and restrooms.