The evolution of the modern office has been an ongoing trend in NoMad. With flexible office space at the forefront of some interesting collaborations happening here at NeueHouse, spaces such as District CoWork, WeWork and even the Lobby at the Ace Hotel have become hotbeds for collaborative work. One of the latest spaces, Grind, has recently entered into a unique partnership with Knotel that further expands the footprint of flexible office space companies in NoMad.
As reported by BISNOW, Knotel has distinguished itself by pursuing a model that provides on-demand custom headquarters services. The company raised $25 million in Series A investment last February and just announced a lease for 25,000 square feet of space at 55 West 21st Street.
As it executes an aggressive growth strategy, Knotel has entered into a partnership with Grind that includes the acquisition of Grind’s location at 419 Park Avenue. With the existing locations at 373 and 475 Park Avenue, Knotel’s corporate campus is growing rapidly in the NoMad neighborhood.
The partnership itself will involve Grind referring clients that have outgrown its spaces to Knotel, and Knotel returning the favor to Grind for prospects that aren’t large enough its headquarters services. It is an exciting partnership for our neighborhood, helping to sustain scaling businesses and, along with the other great office solutions in the neighborhood, giving businesses added options to find a home here in NoMad.
Congratulations to both companies on the successful arrangement. At Experience NoMad, we are thrilled to have Knotel and Grind in the neighborhood for years to come.