Key Takeaways
- • Capital Fund Management, a Paris-based systematic hedge fund with $19 billion in assets under management, signed a long-term lease for 23,000 square feet at 510 Madison Avenue in Manhattan's Plaza District, relocating from the Chrysler Building with move-in scheduled for March 2026.
- • The space spans the entire 28th and 29th floors of the building, located in one of Manhattan's most prestigious office submarkets that stretches from 42nd to 59th Street between 3rd and 7th Avenues.
- • Lee & Associates NYC negotiated the transaction on behalf of CFM, with BXP, Inc. serving as landlord; natural light and the landlord's reputation were cited as key decision factors in the relocation.
- • The move reflects CFM's expansion strategy in the United States and its preference for a more central financial district location within a modern building compared to its previous Chrysler Building office.
Summary
Capital Fund Management has committed to relocating its New York headquarters as part of a broader U.S. expansion, securing a long-term lease for 23,000 square feet at 510 Madison Avenue in Manhattan's Plaza District. The Paris-headquartered systematic hedge fund, which manages more than $19 billion globally, will occupy the entire 28th and 29th floors of the building, with occupancy expected in March 2026. The relocation represents a strategic move away from the firm's current location at the iconic Chrysler Building to a more centrally positioned property in the modern financial district.
The transaction was brokered by Lee & Associates NYC, with executive managing director Lisa Ann Pollakowski and colleague Richard Plehn representing CFM. BXP, Inc., the landlord, was represented internally by Heather Kahn and Will Stark. According to Pollakowski, CFM's decision prioritized location and building quality, with the abundance of natural light and the landlord's market reputation serving as primary drivers of the selection. The 510 Madison Avenue location places CFM within the ultra-prestigious Plaza District, a submarket spanning from 42nd to 59th Street between 3rd and 7th Avenues, which has long been home to legacy financial institutions and top-tier professional services firms.
The move underscores CFM's commitment to strengthening its U.S. presence and operational footprint as the firm continues its global expansion. The larger, modernized space reflects the firm's growth trajectory and its intention to maintain a prominent position within Manhattan's core financial office market.
The transaction was brokered by Lee & Associates NYC, with executive managing director Lisa Ann Pollakowski and colleague Richard Plehn representing CFM. BXP, Inc., the landlord, was represented internally by Heather Kahn and Will Stark. According to Pollakowski, CFM's decision prioritized location and building quality, with the abundance of natural light and the landlord's market reputation serving as primary drivers of the selection. The 510 Madison Avenue location places CFM within the ultra-prestigious Plaza District, a submarket spanning from 42nd to 59th Street between 3rd and 7th Avenues, which has long been home to legacy financial institutions and top-tier professional services firms.
The move underscores CFM's commitment to strengthening its U.S. presence and operational footprint as the firm continues its global expansion. The larger, modernized space reflects the firm's growth trajectory and its intention to maintain a prominent position within Manhattan's core financial office market.
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