Pershing Square Near a Deal for Lease at 250 West 55th
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The hedge fund Pershing Square Capital’s nearing a deal that’d bring its HQ to Boston Properties’ new office building at 250 West 55th St. Pershing Square’s lease there would be good for about 49k SF on the 34th and 35th floors, and they’d have their own gym in the basement. The 990k SF tower’s about 80% leased, and it’s never been fully leased since it opened in 2013, Bloomberg reports. Construction was put on hold during the recession but resumed in 2011 when Morrison & Foerster signed on as the first tenant. [Bloomberg]