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Deals & Dealmakers

Tech firm ShopKeep subleases space at Moinian’s 450-460 Park Avenue South

Cushman & Wakefield announced that it has secured a 23,400-s/f sublease for ShopKeep, a cloud-based technology solution provider that transforms an iPad into a connected cash register.

The sublease was from Deep Focus at The Moinian Group’s 450-460 Park Avenue South, a 12-story building located in Midtown South.

Developed and designed for small business owners, ShopKeep’s secure iPad POS software allows independent retailers and restaurants to tap into sophisticated operations management technology without the high level of costs and complexity traditionally associated with point of sale systems.

Serving an expanding customer base of over 23,000 small businesses across the United States, ShopKeep is accommodating the momentum and growth of its business with a shift to a new, larger office.

The company is relocating to 450-460 Park Avenue South from 143 Varick Street, where it occupies approximately 17,000 s/f.

The firm’s new space – which occupies the entire 7th floor and a portion of the 6th – will house approximately 150 employees.

“ShopKeep was searching for a cool, fully built and furnished space to accommodate its growing staff. The Deep Focus sublease at 450-460 Park Avenue South checked all the boxes, allowing the firm to relocate quickly to the vibrant Midtown South submarket where turnkey space trades at a premium,” said David L. Hoffman Jr., Vice Chairman at Cushman & Wakefield.

Along with Hoffman, Bryan Boisi, Vice President at Cushman & Wakefield, represented ShopKeep. John Maher and Alex Benisatto, of CBRE, represented the sub-lessor, Deep Focus.

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