-- Since its first 17,573 square foot space signed in 2017, iCapital has grown 
by 123,651 square feet 


Empire State Realty Trust, Inc. ( 
https://c212.net/c/link/?t=0&l=en&o=3596671-1&h=969653325&u=https%3A%2F%2Fwww.esrtreit.com%2F&a=Empire+State+Realty+Trust%2C+Inc 
)  (NYSE: ESRT) announced today that iCapital ( 
https://c212.net/c/link/?t=0&l=en&o=3596671-1&h=1833814827&u=https%3A%2F%2Fwww.icapitalnetwork.com%2F&a=iCapital 
) will increase its office space with ESRT for an additional two full floors 
which total 59,228 square feet in its fourth expansion at One Grand Central 
Place, ( 
https://c212.net/c/link/?t=0&l=en&o=3596671-1&h=1274532744&u=https%3A%2F%2Fwww.esrtreit.com%2Fproperties%2Foffice%2Fone-grand-central-place1%2F&a=One+Grand+Central+Place%2C 
) for a total of 141,224 square feet across six full floors in a long term 
lease. iCapital is a leading global fintech company that drives access and 
efficiency in alternative investing for the asset and wealth management 
industries. Since its first signed lease in 2017, iCapital has expanded four 
times with ESRT.

Logo - 
https://mma.prnewswire.com/media/479871/Empire_State_Realty_Trust_Inc_Logo.jpg

"We are delighted to extend our five-year partnership with ESRT and continue 
expanding our domestic footprint in the heart of New York City with added space 
at One Grand Central Place," said Lawrence Calcano, chairman and chief 
executive officer of iCapital. "Our ongoing 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 individuals 
to join our team, empowering us to better serve our clients and continue on our 
trajectory of rapid growth in an unmatched location."

One Grand Central Place offers premier tenant office spaces and amenities which 
include a tenant-only conference center, multiple dining options, and 
in-building access to Grand Central Station's five subway lines, commuter 
trains, and retailers.

"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, executive vice president, real 
estate at Empire State Realty Trust.

Lauren Crowley Corrinet, Al Golod, and Christopher Hogan of CBRE represented 
iCapital in the lease negotiations. Jordan Berger of ESRT and Erik Harris, Neil 
Rubin, Scott Klau, and William Cohen of Newmark represented the property owner.

More information about One Grand Central Place, and current availabilities, can 
be found online ( 
https://c212.net/c/link/?t=0&l=en&o=3596671-1&h=1214758515&u=https%3A%2F%2Fwww.esrtreit.com%2Fproperties%2Foffice%2Fone-grand-central-place1%2F&a=online 
) .

About Empire State Realty Trust 
Empire State Realty Trust, Inc. (NYSE: ESRT) is a REIT that owns and manages 
office, retail, and multifamily assets in Manhattan and the greater New York 
metropolitan area. ESRT owns the Empire State Building – the World's Most 
Famous Building – and Tripadvisor's 2022 Travelers' Choice Best of the Best 
Awards #1 attraction in the U.S. and #3 attraction in the world, in the newly 
reimagined 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 
publicly traded REIT portfolio in New York City. As of Mar. 31, 2022, ESRT's 
portfolio is comprised of approximately 9.4 million rentable square feet of 
office space, 700,000 rentable square feet of retail space and 625 units across 
two multifamily properties. More information about Empire State Realty Trust 
can be found at esrtreit.com and by following ESRT on Facebook ( 
https://c212.net/c/link/?t=0&l=en&o=3596671-1&h=4034446071&u=https%3A%2F%2Fwww.facebook.com%2FEmpireStateRealtyTrust%2F&a=Facebook 
) , Instagram ( 
https://c212.net/c/link/?t=0&l=en&o=3596671-1&h=1574364389&u=https%3A%2F%2Fwww.instagram.com%2Fesrtsocial%2F&a=Instagram 
) , Twitter ( 
https://c212.net/c/link/?t=0&l=en&o=3596671-1&h=2078778275&u=https%3A%2F%2Ftwitter.com%2Fesrtsocial%3Flang%3Den&a=Twitter 
) and LinkedIn ( 
https://c212.net/c/link/?t=0&l=en&o=3596671-1&h=2335919000&u=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fempire-state-realty-trust%2F&a=LinkedIn 
). 

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of 
the Federal securities laws. You can identify these statements by our use of 
words such as "assumes," "believes," "estimates," "expects," "intends," 
"plans," "projects" or the negative of these words or similar words or 
expressions that do not relate to historical matters. You should exercise 
caution in interpreting and relying on forward-looking statements, because they 
involve known and unknown risks, uncertainties and other factors which are, in 
some cases, beyond ESRT's control and could materially affect actual results, 
performance or achievements. Such factors and risks include, without 
limitation, the current public health crisis and economic disruption from the 
COVID-19 pandemic, a failure of conditions or performance regarding any event 
or transaction described above, regulatory changes, and other risks and 
uncertainties described from time to time in ESRT's and ESROP's filings with 
the SEC, including those set forth in each of ESRT's and ESROP's Annual Report 
on Form 10-K for the year ended December 31, 2021 under the heading "Risk 
Factors." Except as may be required by law, ESRT and ESROP do not undertake a 
duty to update any forward-looking statement, whether as a result of new 
information, future events or otherwise.
 
Category: Leasing

Source - Empire State Realty Trust, Inc.

MEDIA CONTACT: Empire State Realty Trust, Brock Talbot, 347-804-7863, 
btalbot@esrtreit.com