Capital Fund Management Leases at 510 Madison Ave
Paris-based hedge fund Capital Fund Management (CFM) has signed a long-term lease for two full floors at 510 Madison Avenue, marking a major tenant win for landlord Boston Properties (BXP) as it continues to revamp the Midtown East office tower.
The quantitative hedge fund, which manages over $19 billion in assets, will occupy the 28th and 29th floors, totaling approximately 23,000 square feet, with reported asking rents reaching $160 per square foot. CFM plans to relocate from the Chrysler Building to its new space in March 2026.
CFM, which manages over $19 billion in AUM and specializes in quantitative strategies, engaged Lee & Associates NYC for lease representation. The deal was handled by brokers Richard Plehn and Lisa Ann Pollakowski on behalf of CFM, while BXP’s in-house team (led by Heather Kahn and Will Stark) managed the landlord side