Global Investment Firm Signs 100K-sf Lease at 57th St Tower

The nearing completion of $45 million in upgrades is paying off at the 9 East 57th Street tower. Davidson Kempner Capital Management recently agreed to a long-term lease for nearly 100,000 square feet that will see the global investment firm relocate from its current 75,000-square-foot office at 520 Madison Avenue. Davidson Kempner’s new office will spread across the entire 24th, 28th and 29th floors within the 50-story tower at asking rents of $130 per square foot for the 24th floor and $180 per square foot for the 28th and 29th floors. New tenant amenities included in the building upgrades are a 150-person video room meeting space and an 11,000-square-foot fitness area with natural light and hot and cold plunge pools.