Bill Ackman is moving his hedge fund, Pershing Square Capital, to the far west side of Manhattan.
The new 67,000-square-foot office will be at 787 11th Avenue, a block from the West Side Highway, according to a new release from Georgetown Company, the developer.
The hedge fund takes its name from its first location, near Pershing Square north of Grand Central Terminal, so the move to its new digs, on a 15-year lease, puts it far from home.
The firm is currently located a few blocks south of Central Park.
The new digs will feature 24-foot-high ceilings in certain areas and a 12,000-square-foot rooftop, which is said to have a tennis court for use for all the building's tenants, Bloomberg reported previously.
The building will also provide shuttle service to the far-west location, the statement said.
The move comes as Ackman faces a second tough year for performance, with Pershing Square's flagship fund down 17.4% through October 11, Reuters reported. Last week, the firm announced it would shake up its fees.
Take a look at Pershing's new office:
SEE ALSO: Bill Ackman is shaking up his hedge fund's fee structure after another year of losses
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