Cain and Alchemy-ABR Investment Partners secure $321 million in financing for the newly delivered 125 W. 57th St. office tower in Manhattan's Plaza District.
Cain International and Alchemy-ABR Investment Partners have secured a $321 million refinancing package for their newly completed office tower at 125 W. 57th St. in Manhattan’s Billionaires’ Row. The financing deal was arranged by Walker & Dunlop and includes senior debt provided by JPMorgan Chase alongside mezzanine financing from Hudson Bay Capital.
The 30-story building encompasses 260,000 square feet and achieved completion earlier in 2026. The asset, which is targeting LEED Gold certification, features a 4,300-square-foot outdoor terrace and a 7,150-square-foot amenity floor. Notable tenants include Eldridge Industries, Jadian Capital, Kingdon Capital Management, and AdaptHealth, with Ten Five Hospitality slated to operate a ground-floor restaurant. Following specific leasing milestones, the property is expected to reach a valuation of approximately $600 million.
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