Billionaires\u2019 Row continues to grow as a premier office destination as a new tenant seeks to move up from Lower Manhattan.<\/p>\n
Anchorage Capital Advisors<\/a>, an investment firm with more than $27.8 billion in assets under management, has signed a 10-year, 20,560-square-foot lease at Alchemy-ABR Investment Partners<\/a> and Cain\u2018s\u00a0125 West 57th Street<\/a>, the landlords announced Monday.\u00a0<\/p>\n SEE ALSO: Law Firm Loeb & Loeb Expands to 179K SF at Rudin\u2019s 345 Park Avenue<\/a><\/p>\n The asking rent for the deal was not disclosed, but the average asking rent for office space in Midtown was $84.99 per square foot during the second quarter of 2026, according to Colliers\u2019 latest Manhattan office report.\u00a0\u00a0\u00a0<\/p>\n \u201cWe are pleased to welcome Anchorage Capital to 125 West 57th Street, joining a growing roster of best-in-class tenants at the building,\u201d Jonathan Goldstein, CEO and co-founder of Cain, and Kenneth Horn, co-founder and partner at Alchemy-ABR Investment Partners, said in a joint statement. \u201c125 West 57th Street was developed for firms that place a premium on quality, location and the experience they can offer their people, and Anchorage\u2019s lease is a strong reflection of the continued demand for this type of product.\u201d<\/p>\n Anchorage will occupy the entire 18th and 19th floors of the 30-story office tower on 57th Street between Avenue of the Americas and Seventh Avenue. It is unclear when the firm will move, but Anchorage\u2019s current address is listed on its website as 610 Broadway. The firm did not immediately respond to Commercial Observer\u2019s request for comment.\u00a0<\/p>\n Tim Hay, Brian Hay and Ethan Silverstein from Cushman & Wakefield<\/a> represented Anchorage in the deal, while JLL<\/a>\u2019s Mitch Konsker, Kristen Morgan, Christine Colley, Kate Roush and Dan Turkewitz represented the owners alongside Michael Werner and Elias Ayoub at Fried Frank<\/a>.\u00a0<\/p>\n Representation on both sides of the deal declined CO\u2019s requests for comment.\u00a0<\/p>\n 125 West 57th Street is also home to asset management firm<\/a> Eldridge Industries and investment firm<\/a> Jadin Capital. Ten Five Hospitality, which owns the Mother Wolf restaurants in Miami, Los Angeles and Las Vegas, is also set to open soon on the building\u2019s ground floor.<\/p>\n