Skin Care Concern Takes Floor at W&H’s One Grand Central
Roland Li July 12, 2010, 5:15 p.m.
One Grand Central Place
Skin care distributor Ales Group USA Inc. has signed a lease for 9,400 square feet, taking the entire 54th floor at One Grand Central Place for its U.S. headquarters. The company is a subsidiary of Parisian company Ales Groupe, and will relocate from 1350 Avenue of the Americas in the fourth quarter.
“This is another major success in our plan to re-lease the tower floors at One Grand Central Place, eight of which have been taken by prestigious full-floor tenants in the past two years alone,” said Fred Posniak, senior vice president of landlord W&H Properties, in a statement. “The tower floor strategy is part of a repositioning program that has made the building the first choice for premier office space in the Grand Central District, for businesses large and small.”
Ira Rovitz of Grubb & Ellis represented the tenant. Billy Cohen, Ryan Kass and Alison Coffey of Newmark Knight Frank represented the landlord.
The asking rent was $60 per square foot.