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Capital Fund Management Relocates NYC Offices to Plaza District

Lee & Associates NYC represented Capital Fund Management (CFM), a Paris-based, global systematic hedge fund firm with more than $19 billion under management, in its relocation to 510 Madison Ave. in Manhattan’s Plaza District from the Chrysler Building. CFM signed a long-term lease and will occupy 23,000 square feet spanning the entire 28th and 29th floors, with move-in expected in March 2026.

Richard Plehn and Lisa Ann Pollakowski from Lee NYC represented CFM. The landlord, BXP, Inc., was represented in-house by Heather Kahn and Will Stark.

“CFM chose to move from the iconic Chrysler Building in pursuit of a more central financial district location within a modern building,” said Pollakowski, executive managing director at Lee NYC. “While 510 Madison Ave. offered many attractive features, the abundance of natural light and the reputation of the landlord were key factors in their decision.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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