Sports Betting Software Company Simplebet Moving to 373 Park Avenue South

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Simplebet, which develops sports betting software, plans to move its offices to 373 Park Avenue South in the Kips Bay neighborhood of Manhattan, Commercial Observer has learned.

The company signed a two-year-and-one-month deal for 8,732 square feet on the entire ninth floor of the 12-story building between East 26th and East 27th streets, according to landlord ATCO Properties & Management. Asking rent was $53 per square foot.

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Simplebet was founded in 2018, and focuses on micro-betting products for the National Football League, the National Basketball Association and Major League Baseball. The company raised $15 million earlier this year, MSNBC reported.

It’s currently headquartered in Midtown South at Vornado Realty Trust’s One Penn Plaza and plans to move to its new digs in August, according to ATCO.

“We are pleased to welcome Simplebet to 373 Park Avenue South, which has proven to be highly appealing to a wide variety of technology and media tenants who are seeking spaces that combine the history and beauty of old New York with modern features,” ATCO’s Kate Hemmerdinger Goodman said in a statement.

ATCO handled the deal in-house via William Carr and John Cinosky, while Cushman & Wakefield’s Jamie Katcher and Sebastian Infante represented Simplebet. A C&W spokesperson did not immediately respond to a request for comment.

Other tenants in ATCO’s 110,000-square-foot building include public relations firm LaunchSquad, coworking operator NeueHouse, and kitchenware designer Lifetime Brands.

Nicholas Rizzi can be reached at nrizzi@commercialobserver.com.