Energy Capital Partners Expands Office Space To 70,425 Square Feet At One World Trade Center
285 Fulton Street
Building Size
70,425 SF
Asset Type
Office
Closing
Apr 27, 2026
AI
The property asset involved in this transaction is located at 285 Fulton Street in the Financial District, encompassing a total space of 70,425 square feet designated for office use. The acquisition reflects the ongoing expansion of Energy Capital Partners within a prestigious location.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Square Footage: 70,425
- Address: 285 Fulton Street
- Market: Financial District
- Landlord: Jonathan Durst, Durst Organization & Port Authority Of New York & New Jersey
- Tenant: Energy Capital Partners
- Landlord's Representatives: Eric Engelhardt, Karen Rose & Sayo Kamara - Durst Organization; David Falk, Peter Shimkin, Hal Stein, Nathan Kropp & Paige Raisides - Newmark
- Tenant's Representatives: Eric Zemachson & Corey Borg - Newmark
This transaction marks Energy Capital Partners' third expansion in One World Trade Center since 2017, as they take over the full 59th floor while maintaining space on the 58th floor, reflecting their commitment to expanding operations in this notable tower.
Players
New York Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93