Pearlman is negotiating with Robert I. Kling, president, F.F. South & Co. which owns Church Street Station, a 28-year-old attraction where three historic-designated buildings and the CSX train depot are over 100 years old.

Pearlman, a former Flushing Queens, NY native whose first cousin is singer Art Garfunkel, is expected to make a decision by year end, sources following the deal tell GlobeSt.com on condition of anonymity.

Brokers intimate with the 7.3-acre Downtown property tell GlobeSt.com the deal would be mutually beneficial to both parties since Pearlman is an investor in Kling's ownership group.

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