"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," says Fred C. Posniak, senior vice president of W&H Properties. "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."

Ales Group USA was established in 1989 as a subsidiary of the Paris-based Ales Groupe, the brands of which include Phyto, a comprehensive product line for hair and scalp; Lierac Paris, a skincare product line; and Caron, a fragrance line. Other subsidiaries are located in Germany, Italy, Belgium, the U.K., Canada, Spain, Poland and Portugal.

Ira Rovitz of Grubb & Ellis represented Ales Group in the lease negotiations. Billy Cohen, Ryan Kass and Alison Coffey of Newmark Knight Frank represented the landlord.

Rising 55 stories directly opposite Grand Central Terminal, One Grand Central Place provides a white-glove corporate environment with unparalleled convenience. It offers direct in-building access to Grand Central Terminal, including Metro North and the 4, 5, 6, 7 and Times Square shuttle subway lines, and unsurpassed on-site services and amenities, including a visitor center, messenger center, multi-media conference center and law library.

The state-of-the-art property has undergone $85 million of upgrades to its windows, elevators, air-conditioned public corridors and restrooms, and building-wide systems, including electrical, plumbing, HVAC and security.

Part of the W&H Properties' Pre-War Trophy office portfolio, One Grand Central Place is supervised by Malkin Holdings LLC, one of New York City's most financially stable ownerships. W&H Properties is committed to sustainable property operations and development, including energy efficiency, water use reduction, waste and recycling and indoor environmental quality initiatives.

Available space ranges from W&H portfolio standard high-end pre-built suites from 2,500 to 5,000 square feet, to a white-boxed full floor of 48,000 square feet. A 4,000-square-foot retail space is also available.

Broker commissions are paid in full at lease signing.