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Deals & Dealmakers

e-tailer expands in Times Square space

Colliers International has arranged additional expansion space with Shopbop at 230 West 41st Street.

The Amazon division now occupies 25,000 s/f in the building, positioned in Times Square West between the New York Times building and 11 Times Square.

Since its launch in 2000 as an online boutique specializing in hard-to-find denim lines, Shopbop has grown to become one of the leading women fashion retailers in the world.

Shopbob relocated to 230 West 41st Street from Soho about 18 months ago, initially signing a long-term, 13,340 s/f lease for the entire 19th and 20th floors.

The firm nearly doubled its space last year, expanding to about 24,000 s/f, with a lease for the entire 18th floor and space on the 16th floor. Now with a third expansion, also on the 16th floor, Shopbop occupies 24,954 s/f total in the building.

Alex Jinishian
Alex Jinishian

“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, vice chairman, Colliers International, who along with director Seth Hecht represents the building owner, Research Foundation for the City University of New York (CUNY).

With the recent Shopbop expansion, 230 West 41st Street only has two remaining units available for lease, with 2,954 s/f on the 11th floor, and 5,999 s/f on the 13th floor.

According to Hecht, new tenants have been drawn to “attractive pre-builds with creative layouts.”

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