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Ackman’s Pershing Square Said Near Deal to Move to NYC Tower

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Bill Ackman’s Pershing Square Capital Management is close to a deal to move its headquarters to 250 W. 55th St., a new midtown Manhattan tower owned by Boston Properties Inc., said a person with knowledge of the matter.

Pershing Square would take about 49,000 square feet (4,550 square meters) for offices on the 34th and 35th floors, as well as lease space in the basement for a gym, according to the person, who asked not to be identified because the discussions are private. A few details need to be resolved before the transaction is completed, the person said.