iCapital’s fourth expansion with ESRT adds 60,000 square feet to the space of a Grand Central Place
Since its first space of 17,573 square feet signed in 2017, iCapital has grown by 123,651 square feet
NEW YORK, July 18, 2022 /PRNewswire/ — Empire State Realty Trust, Inc. (NYSE: ESRT) today announced that iCapital will increase its office space with ESRT for two additional full floors totaling 59,228 square feet in its fourth expansion at One Grand Central Place, totaling 141,224 square feet across six full floors in a long term lease. iCapital is a leading global fintech company that promotes access and efficiency in alternative investing for the asset and wealth management industries. Since its first lease signed in 2017, iCapital has grown four times with ESRT.
“We are excited to extend our five-year partnership with ESRT and continue to expand our national footprint in the heart of New York City with additional space at One Grand Central Place,” said Laurent Calcano, Chairman and Chief Executive Officer of iCapital. “Our continued expansion has allowed us to drive innovation in a contemporary workspace and operate in an environment that invites collaboration. We look forward to making room for talented people to join our team, allowing us to better serve our customers and continue our trajectory of rapid growth in an unparalleled location.”
One Grand Central Place offers premium office space and amenities for tenants, including a tenant-only conference center, multiple dining options, and in-building access to five subway lines, commuter trains, and retailers from Grand Central Station.
“A convenient location, unparalleled amenities and class-leading indoor environmental quality contributed to iCapital’s decision to complete its fourth expansion at One Grand Central Place,” said Thomas P. DurelsExecutive Vice President, Real Estate at Empire State Realty Trust.
Lauren CrowleyCorrinet, Al-Golodand Christopher Hogan de CBRE represented iCapital in the lease negotiations. Jordan Berger of the ESRT and Erik Harris, Neil Rubin, Scott Klauand Guillaume Cohen of Newmark represented the owner.
More information about One Grand Central Place, and current availability, can be found online.
About Empire State Realty Trust
Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages office, retail and multi-family properties in manhattan and the biggest New York Metropolitan area. ESRT owns the Empire State Building – the most famous building in the world – and the #1 attraction in the United States and #3 worldwide in Tripadvisor’s 2022 Travelers Choice, in the newly redesigned and iconic Empire State Building observatory. The company is a leader in healthy buildings, energy efficiency and indoor environmental quality, and has the lowest greenhouse gas emissions per square foot of any listed REIT portfolio. stock market New York City. From March 31, 2022, ESRT’s portfolio includes approximately 9.4 million leasable square feet of office space, 700,000 leasable square feet of retail space and 625 units across two multi-family properties. For more information about Empire State Realty Trust, visit esrtreit.com and following ESRT on Facebook, instagram, Twitter and LinkedIn.
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SOURCE Empire State Realty Trust, Inc.