Growth Beyond Expectations: iCapital Lauds Partnership with ESRT at One Grand Central Place | Empire State Realty Trust
October 16, 2023
“We grew beyond, I think, anybody’s expectations. The only way that could have happened was because we had a great partnership with ESRT.”
ESRT’s One Grand Central Place is a workplace sanctuary for global fintech company iCapital, who partnered with ESRT to expand from one office floor to six. We recently sat down with Jennifer Ashley, managing director and chief people officer at iCapital, to discuss the building’s prime location near Grand Central Terminal, the benefits of in-person collaboration, and ESRT’s mentorship in sustainability and indoor environmental quality.
See highlights from the conversation below!
Strong partnerships allow ESRT’s tenants to move and expand within the portfolio without hassle. Since the company went public in 2013, ESRT facilitated the expansion of more than 250 tenants that total more than 2.5 million square feet. iCapital expanded to occupy a total of 141,224 square feet across six floors since its initial lease in 2017.
“ESRT made an effort to accommodate us. They’ve tried really hard to work with us to get us contiguous space. They actually moved an elevator bank for us so that we could have easier connectivity among the floors.”
One Grand Central Place offers convenient in-building access to Grand Central Terminal’s commuter trains, five subway lines, and retailers, which make it an ideal workplace destination. The building is a quick walk from Bryant Park and the neighborhood offers elevated options for a business lunch or team-building happy hour.
“One of the big draws for us about this building was the terraces and the fact that it was centrally located right by Grand Central [Terminal]. It’s just a great location.”
ESG Made Easy
Tenants benefit from ESRT’s carbon neutral portfolio and industry leadership in sustainability, energy efficiency, and healthy buildings. ESRT’s in-house team of ESG experts works with tenants to design energy efficient spaces and track and report their ESG data to meet mutual goals.
“ESRT is committed to indoor air quality and environmental safety. Our space, which is already carbon neutral, will be designed and built to target net zero greenhouse gas emissions by 2035.”
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