New York - based The Yard has reportedly been in discussions with competitors about selling part or all of the company . Sources said it has held talks with Knotel and Office Depot , the London - based subsidiary of Blackstone , which has 33 locations and has been trying to break into the New York market . Talks with both companies have ended without a result . Nothing came of those talks. The Yard , which confirmed it had been in talks , is now working with investment bank Morgan Lokey to raise funds to grow the company . Founded in 2011 in Williamsburg , Brooklyn , the co - workspace operator now has 14 locations .
New York - based The Yard has reportedly been in discussions with competitors about selling part or all of the company . Sources said it has held talks with Knotel and Office Depot , the London - based subsidiary of Blackstone , which has 33 locations and has been trying to break into the New York market . Talks with both companies have ended without a result . The Yard , which confirmed it had been in talks , is now working with investment bank Morgan Lokey to raise funds to grow the company . Founded in 2011 in Williamsburg , Brooklyn , the co - workspace operator now has 14 locations .