Bill Ackman is moving his hedge fund 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 the Georgetown Company, the developer.

The hedge fund takes its name from its first location near Pershing Square north of Grand Central - so the move to its new digs, on a 15-year lease, is a far way from home.

The firm is currenly located in midtown, 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 shakeup its fees.

Take a look at Pershing's new office: