NEW YORK CITY-Investment and management firm Paramount Group, Inc. has executed a 51,852-square-foot lease expansion for global cosmetics firm Shiseido Americas Corp. at 900 Third Ave., GlobeSt.com has learned. The company, which previously leased two full floors in the building, has taken an additional floor there, and now occupies just under 10% of the 593,000-square-foot, 36-story class A tower.

Paramount’s vice president of leasing Peter Brindley tells GlobeSt.com that the longtime tenant “was tight on space” and needed the additional room to accommodate a greater amount of personnel. “They have continued to grow within the building over time,” Brindley says, noting that Shiseido is now occupying the sixth, ninth and 15^th floors, averaging 17,000 square feet each. “They have been in the building for over two decades and they are very happy,” he says, describing it as a “testament to the quality of Paramount” and the tenant’s “desire to grow at 900 Third.”

Asking rents start at the mid- to upper- $50s per square foot, while high floors can fetch rents over $70 per square foot, Brindley explains. The building is over 90% occupied.