Amazon’s Shopbop Expands Again at 230 West 41st Street
By Gus Delaporte March 12, 2014 7:30 am
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Online fashion retailer Shopbop has expanded by approximately 1,000 square feet at 230 West 41st Street, Commercial Observer has learned. The company, a division of Amazon (AMZN), now occupies 24,954 square feet at the building.
Shopbop has expanded steadily at 230 West 41st Street since first moving to the 20-story building from Soho in 2012. The tenant initially signed a 13,340-square-foot lease for the building’s entire 19th and 20th floors then nearly doubled its space to approximately 24,000 square feet last year. Asking rent at the building is $48 per square foot.
Following Shopbop’s expansion, just two units remain available for lease at the Midtown building, with 2,954 square feet available on the 11th floor and 5,999 square feet available on the 13th floor.
“Given the building’s high ceilings, convenient location, and new availabilities that have come online recently because of expiring leases, several technology and creative firms have expressed significant interest in the remaining space at 230 West 41st Street,” said Alex Jinishian, a vice chairman at Colliers (CIGI) International, in a prepared statement. Mr. Jinishian represents the landlord, Research Foundation for the City University of New York, alongside Seth Hecht.
Launched in 2000, Shopbop was acquired by Amazon six years later. At the time of the acquisition, the company was believed to have sales of between $20 million and $30 million per year, according to the Financial Times.
