Hedge Funds

SAC gets glam NYC office

by

Long-anticipated deal for offices at 510 Madison Avenue signed May 10.

 
 510 Madison Avenue

SAC Capital Advisors finally has new Manhattan digs. Steve Cohen’s Stamford, Connecticut $12.75 billion firm signed a long-anticipated lease for space at 510 Madison Avenue, according to an individual familiar with the deal. The building is a glossy new high-rise for financial services companies.

Now spread over several floors at nearby 540 Madison Avenue, SAC took 66,000 square feet on the second through sixth floors for rents in the high $80s per square foot, according to a May 3 New York Post article. Previous reports have said the deal could include naming