San Francisco (October 24, 2018) — Knotel, the premier agile workspace provider, announced today that it has established three more locations in San Francisco as its growth momentum continues. The company announced today that it has signed agreements for spaces totaling approximately 11,500 square feet at three properties – 580 Market Street (4,539 square feet), 109 Stevenson (4,000 square feet), and 49 Drumm (2,980 square feet).
With the transactions announced today, the local Knotel portfolio now has 16 locations totaling nearly 160,000 square feet. Most of that growth has occurred in the past six months.
The news comes on the heels of the closing of a $60 million round of funding led by Norwest Venture Partners, a move that will help accelerate Knotel’s rapid growth across the U.S. and around the world.
Knotel designs, builds and operates custom spaces for companies of 50 employees or more. Founded in 2016, the firm caters to established and growing brands. It currently operates more than 100 locations – in New York City, San Francisco, London, and Berlin. Today, over 200 companies call Knotel home.
Kwame Spearman, Head of Expansion for Knotel, commented, “These latest deals reflect Knotel’s flexibility in providing spaces to users of various sizes. We are continuing to seek opportunities to grow in San Francisco, in order to meet the demands of established companies who wish to spend capital wisely and not tie up financial resources unnecessarily for the longer term.”
Representing Knotel in the transactions announced today were Justin Bedecarre, Blake Stanley and Bryan Emmanuel of HelloOffice. Brad Colton of Colton Commercial represented Eiselman at 109 Stevenson, while Jean Ko of TRI Commercial represented Ketchum at 49 Drumm, and Pat Hubbard of Sansome Street Advisors represented PREF 580 Market LLC at 580 Market Street.
With 1.7 million square feet across 100 locations in New York, San Francisco, London and Berlin, Knotel is transforming the way we work with its Agile HQ™ Platform. Making long-term leases a thing of the past, Knotel designs, builds, and operates custom spaces for enterprises, so they can focus on building the future.
Founded in 2016, Knotel has raised $160 million in funding, and was named a Business Insider Top 50 Startup and New York’s Hottest New Workspace Model. Knotel’s member network includes companies like Starbucks, Cheddar, and King. Visit knotel.com.