NEW YORK CITY, NY – May 3, 2012 – (RealEstateRama) — Law firm Aronauer Re & Yudell has leased a large W&H pre-built suite prior to construction, announces Anthony Malkin, president of Malkin Holdings LLC, which supervises W&H Properties.
The suite contains 8,109 square feet on the 14th floor of One Grand Central Place.
“Our high-end pre-built suites have been leasing rapidly across the portfolio – often before construction is completed,” notes Mr. Malkin. “And recently there has been a growing demand for larger-size units, which we are meeting by increasing the maximum square footage of our pre-builts to approximately 8,000 square feet.”
W&H’s pre-builts are built to LEED standards, and feature top-quality finishes, an abundance of natural light throughout from glass-walled offices and conference rooms, optical sensor lighting systems and optimization of natural daylighting, Energy Star appliances, tenant-controlled HVAC, and sub-metered electric.
Aronauer, Re & Yudell, LLP has a diverse commercial practice. The firm handles all stages of trial and appellate litigation, including general commercial litigation, alternative dispute resolution and foreclosures.
Currently, Aronauer, Re & Yudell is based at 444 Madison Avenue. Occupancy at One Grand Central Place is slated for September, upon substantial completion of the build-out.
Greg Wang, who recently joined Newmark Knight Frank, represented the tenant in the lease negotiations while he was at Colliers. William Cohen, Ryan Kass and Julie Christiano 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 office space at the property ranges from W&H portfolio standard high-end pre-built suites from 2,500 to 8,000 square feet, to a white-boxed full floor of 48,000 square feet, along with several tower floors averaging approximately 13,000 square feet.
Broker commissions are paid in full at lease signing.
From: W&H PROPERTIES
Contact: Rachel Antman or David M. Grant, LVM Group Inc.
(212) 499-6570; (212) 499-6565
david (at) lvmgroup (dot) com; rachel (at) lvmgroup (dot) com
