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Fintech Firm Expands for Fourth Time at ESRT’s One Grand Central Place 

Fintech company iCapital will increase its office space with Empire State Realty Trust for an additional two full floors at One Grand Central Place totaling 59,228 square feet. The expansion, iCapital’s fourth since 2017, brings its total square footage at the East Midtown office property to 141,224 square feet across six full floors in a long-term lease.  

“Our ongoing expansion has allowed us to drive innovation in a contemporary workspace and operate in an environment that invites collaboration,” said iCapital CEO Laurence Calcano. 

“Convenient location, unmatched amenities, and premier indoor environmental quality contributed to iCapital’s decision to make its fourth expansion at One Grand Central Place,” said Thomas P. Durels, EVP, real estate at ESRT. 

Lauren Crowley Corrinet, Al Golod, and Christopher Hogan of CBRE represented iCapital. Jordan Berger of ESRT and Newmark’s Erik Harris, Neil Rubin, Scott Klau, and William Cohen represented ownership. 


Inside The Story

ESRT's Durels

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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