Anchorage Capital Advisors Leases Full 18th and 19th Floors at 125 West 57th Street

Anchorage Capital Advisors has signed a 10-year lease for 20,560 square feet at 125 West 57th Street, taking the entire 18th and 19th floors of the Midtown Manhattan office tower. According to Commercial Observer, the deal was announced Monday by the building’s owners, Alchemy-ABR Investment Partners and Cain International.

The investment firm, which has more than $27.8 billion in assets under management, is moving into the 30-story property on West 57th Street between Avenue of the Americas and Seventh Avenue. The asking rent for the lease was not disclosed. Commercial Observer reported that average asking rent for Midtown office space was $84.99 per square foot in the second quarter of 2026, citing Colliers.

In a joint statement quoted by the publication, Jonathan Goldstein, CEO and co-founder of Cain, and Kenneth Horn, co-founder and partner at Alchemy-ABR Investment Partners, said: “We are pleased to welcome Anchorage Capital to 125 West 57th Street, joining a growing roster of best-in-class tenants at the building. 125 West 57th Street was developed for firms that place a premium on quality, location and the experience they can offer their people, and Anchorage’s lease is a strong reflection of the continued demand for this type of product.”

It is not yet clear when Anchorage will relocate. Its current address is listed on its website as 610 Broadway, and the firm did not immediately respond to Commercial Observer’s request for comment.

Key Details

• Tenant/lessee: Anchorage Capital Advisors
• Landlords/lessors: Alchemy-ABR Investment Partners and Cain International
• Property: 125 West 57th Street, a 30-story office tower in Midtown Manhattan
• Space leased: 20,560 square feet
• Lease term: 10 years
• Floors: Entire 18th and 19th floors
• Financial terms: Asking rent was not disclosed
• Timeline: The lease announcement was made Monday; move-in timing remains unclear

Cushman & Wakefield’s Tim Hay, Brian Hay and Ethan Silverstein represented Anchorage in the transaction. On the ownership side, JLL’s Mitch Konsker, Kristen Morgan, Christine Colley, Kate Roush and Dan Turkewitz represented the landlords alongside Michael Werner and Elias Ayoub of Fried Frank. Representatives for both sides declined requests for comment, according to the report.

The building’s tenant roster also includes Eldridge Industries and Jadin Capital. In addition, Ten Five Hospitality is expected to open on the ground floor; the company owns the Mother Wolf restaurants in Miami, Los Angeles and Las Vegas.

Why It Matters

This lease adds another investment firm to a prominent Midtown address and signals continued competition for high-quality office space in well-located buildings. For landlords, brokers and tenants, deals like this underscore how top-tier properties can continue to attract financial firms seeking full-floor identity, central positioning and upgraded workplace experience.