Pershing Square Near a Deal for Lease at 250 West 55th

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]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Hudson Pacific Posts $218M Loss, Due In Part To Office Sale Losses

How Mamdani's Pied-à-Terre Tax Could Change NYC's High-End Rental Market

Jemal Equities Buys Carr Properties' Former HQ In Receivership Sale

How New York CRE Can Find The 'Right Fit' In Its Capital Stack

High Rates, Higher Demand: Inside NYC's Next-Gen Tenant Surge

Cushman & Wakefield's Global HQ Sells At 45% Discount

New Yorkers Approve Ballot Measures To Speed Up Permitting, Contracting

GSA Taps Cushman & Wakefield Veteran As Federal Real Estate Head

Tenant Departure Leaves Beleaguered Broad Street Office Over Half-Vacant

Piedmont Realty Exiting Houston Market With Office Dispositions

Supertall Assemblage Comes Together At Long-Vacant Midtown Site: The N.Y. Deal Sheet

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze