Tech firm takes 23K sf at Moinian’s 450 PAS

ShopKeep's sublease term is four to five years

TRD New York /
Sep.September 20, 2016 07:30 AM

Tech company ShopKeep.com has subleased 23,400 square feet at a Murray Hill office building owned by the Moinian Group.

ShopKeep has inked a short-term lease — for four or five years — at 450-460 Park Avenue South, the Wall Street Journal reported. The company is currently operating out of two buildings at 137 and 143 Varick Street. The company rents roughly 17,000 square feet at those addresses.

The company will be moving into two floors of the 12-story building, though it was not immediately clear which floors. The median office asking rent in Murray Hill is $65 per square foot, according to Agorafy.

Joseph Moinian’s firm bought the building — which has a total of 172,600 square feet — in 1982, records show.

David Hoffman of Cushman & Wakefield represented the tenant. He told the paper there is a limited supply of built-out space in the 20,000-square-feet range that can be taken on a short-term basis. [WSJ]  — Miriam Hall


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Hudson Yards megadevelopment inspires a new line of sex toys
Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio
Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out
San Francisco Supervisor Dean Preston and San Francisco Apartment Association Executive Director Janan New

Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions

Real estate groups challenge San Fran’s permanent ban on coronavirus-related evictions
Malls are hemorrhaging retailers left and right. What will happen with all that space? Some could be converted into apartments and condominiums. (iStock)

Retail-to-residential conversions are in cards at America’s doomed malls

Retail-to-residential conversions are in cards at America’s doomed malls
WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent

WeDone: South Beach landlord seeks to evict WeWork for unpaid rent
LeBron James and the home at 9955 Beverly Grove Dr.

Another palace for the king: LeBron James buys Beverly Hills mansion: sources

Another palace for the king: LeBron James buys Beverly Hills mansion: sources
Quarantine Cribs

TRD Quarantine Cribs: Take a tour of Cathy Franklin’s whiskey distillery & home

TRD Quarantine Cribs: Take a tour of Cathy Franklin’s whiskey distillery & home
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...