Manhattan commercial real estate business continues to boom over the summer. Empire State Realty Trust announced that is signed a 17,500 sq. ft. full-floor office lease agreement with financial technology company iCapital Network at One Grand Central Place.
“Beyond finding appropriately-sized space to accommodate its growth, iCapital sought private outdoor terrace space, in-building access to Grand Central Terminal and a full-floor identity,” said Thomas P. Durels, Executive Vice President and Director of Leasing and Operations for Empire State Realty Trust. “iCapital is the type of high quality, innovative tenant to whom we have been leasing within our portfolio.”
iCapital is a financial technology platform democratizing access to alternative investments for high-net-worth individuals, registered investment advisors, broker-dealers, private banks, and family offices. Founded in 2013, iCapital’s online portal offers a curated selection of private investments, along with extensive due diligence support, an automated subscription process and integration with a wide range of custodial platforms and reporting packages.
More details about the deal are available at empirestaterealtytrust.com