iCapital Network Grows by Grand Central Terminal
By Rebecca Baird-Remba March 29, 2019 12:41 pm
reprints
Financial investment platform iCapital Network is doubling its offices at Empire State Realty Trust’s One Grand Central Place.
The company is adding 17,613 square feet on the 27th floor to its existing 17,573-square-foot space on the 26th floor of the 55-story building. It will now occupy 35,186 square feet across both floors. Asking rent in the nine-year lease was $68 a square foot.
“With its in-building amenities, three on-site food options, and in-building access to Grand Central Terminal, One Grand Central Place is ideal for growing businesses,” said Thomas P. Durels, ESRT’s executive vice president for real estate. “We are delighted to accommodate iCapital Network’s expanding team and operations.”
The landlord was represented in-house by Julie M. Christiano and Leslie Nadel, along with William Cohen, Brittany Silver and Jamie Jacobs of Newmark (NMRK) Knight Frank. Lauren Crowley Corrinet, Alex Golod and Chris Hogan of CBRE handled the deal for the tenant. Spokespeople for both brokerages didn’t immediately respond to a request for comment.
Other tenants in the 1.3-million-square-foot building include nonprofit William T. Grant Foundation, law firm Hoguet Newman Regal & Kenney, investment firm Pine Brook Partners and financial data company Haver Analytics.
