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Professional Profile
  :: Professional Experience
  :: Credentials
  :: Transaction Highlights
  :: Market Reports

2008

  • Represented CUNY/Hunter College in a transaction to build a 147,592 square foot building to house the Hunter College School of Social Work at 171 East 118th Street.  This deal was six years in the planning and involved a swap of the School’s existing facility on 79th Street.
  • Represented Ogilvy & Mather in a 565,000 square foot lease for its new worldwide headquarters.  Ogilvy leased all of 636 Eleventh Avenue, a former candy factory that will now be a class A office building with amenities such as rooftop terrace, gym, cafeteria, and shuttle service to Times Square.  The building will be named for Ogilvy. 
    • Real Estate Forum selected this transaction as the U.S.’s #1 Leasing Deal of 2008.
  • Was CBRE's Top Producer (firm-wide), 2008 

2007

  • Represented Grey Group in a 370,000 square foot lease for its new headquarters at 200 Fifth Avenue, a LEEDs certified building across from Madison Square Park.  The Grey deal won REBNY’s 2007 Henry Hart Rice Award (Deal of the Year).
  • As agent for Macklowe Properties, renewed Cravath, Swaine & Moore’s 615,591 square foot lease at 825 Eighth Avenue.  This was Manhattan’s largest lease in 2007.
  • Represented Edelman Public Relations in a 127,000 square foot lease for its new headquarters at 250 Hudson Street.  Edelman will have identity at 250 and a private rooftop conference center.

2006

  • Represented Limited Brands in a Midtown Manhattan consolidation of 360,000 square feet at 1740 Broadway.  The building will be named for the Limited with a private elevator lobby, and loading dock for the firm’s exclusive use.
  • As agent for the Forest City Ratner condo in the New York Times Building, completed a successful lease up of the speculatively built 600,000 sf at rents in excess of an average $80  per sf, a record for the 8th Avenue and 41st Street location.  Transactions include: Seyfarth Shaw (96,909 sf), Covington Burling (160,565 sf), Osler (63,506 sf), and Legg Mason (197,749 sf).

2005

  • Sold the New York Academy of Sciences’ headquarters at 2 East 63rd Street for $31.25 Million or $1,250 per square foot, the highest price recorded to date for a single family residence in New York City.  Relocated the Academy to a 40,000 square foot floor at 7 World Trade Center, the first lease signed at the World Trade Center since 9/11.
  • Represented CIT in its selection of 505-5th Avenue, a 270,000 square foot development at the corner of 42nd Street, as its new headquarters.  CIT’s 130,116 square foot lease anchored the tower which will be called “The CIT Building.”  Also completed a 100,000 square foot lease for CIT at 11 West 42nd Street to house support operations.

2004

  • Repositioned the General Motors Building in the aftermath of Conseco’s sale to Macklowe Properties.  Completed 375,000 square feet of renewals and new leases at an average rent of $105 psf, achieving a record rent for Manhattan office space in the process ($125 psf).  In 24 months, increased the GM Building’s value from $800 Million (Trump ownership) to $1.4 Billion (Conseco ownership) to $1.7 Billion (Macklowe ownership).  As Macklowe’s leasing agent was part of the team whose on-going efforts culminated in the sale of the GM Building in 2008 for $2.8 Billion.
  • Sold the New York Times’ 500,000 square foot, 91 year old headquarters, 229 West 43rd Street for $175 Million (building delivered vacant).
  • Represented PricewaterhouseCoopers as co-broker in the acquisition of its 800,000 square foot world headquarters at 300 Madison Avenue.  The building is named the PricewaterhouseCoopers Center.
  • Represented Fairchild Publications in a 261,000 square foot lease for space to house its headquarters at 750 Third Avenue.
  • Cobroked the sale of the Maxwell House site, a 24 acre development site on the Hoboken, New Jersey waterfront at a record land price of $76 million or $3.15 million per acre.

2003

  • Acting as agent for owner Conseco, Mary Ann renewed the Estée Lauder 310,000 square foot lease at the General Motors Building for 15 years.
  • The Health Insurance Plan of Greater New York’s (HIP) 555,915 square foot lease at 55 Water Street was the largest in New York City since 9/11, and the first major relocation from Midtown to Downtown since the attacks on the World Trade Center.  Mary Ann represented the owner of 55 Water, the Retirement Systems of Alabama. 
    • This transaction received NAIOP’s 2003 New York Deal of the Year award.

2002

  • Bank of New York’s 317,572 square foot lease anchored Forest City Ratner’s Atlantic Terminal development, 2 Hanson Palce in Brooklyn, New York.  Mary Ann served as agent for Forest City Ratner on this 773,000 square foot building.
  • Marsh, Inc.'s 423,000 square foot lease anchored 121 River Street, Phase II of SJP Properties' Waterfront Corporate Center in Hoboken, New Jersey.  Marsh received $12.5 million NPV in discretionary incentives from the State of New Jersey.

2001

  • The net lease of the 412,000 square foot Newark Legal Center on behalf of its owner, the Port Authority of New York and New Jersey, won NAIOP's 2002 New Jersey Deal of the Year award.
  • The sale of 1356 Broadway, a landmarked former bank building, on behalf of Himmel + Meringoff Properties, won REBNY's 2002 Most Creative Retail Deal of the Year.
  • Representing the New York Times Company (NYTC), Mary Ann arranged a network of joint ventures enabling the construction of a new 1.6 million square foot tower at 620 Eighth Avenue. When occupied in 2007, this will be the Times' first new headquarters in a century.
    • The transaction included a joint venture between NYTC and developer Forest City Ratner (FCR), which becomes 2 condominium interests upon construction completion, a 99-year, $85.6 million ground lease/land acquisition agreement between NYTC, FCR, and the City and State of New York, and a $26.2 million discretionary incentive package for NYTC from the City.
    • The New York Times deal won REBNY's 2002 Henry Hart Rice Award (Deal of the Year).
  • Empire Blue Cross Blue Shield's 330,000 square foot lease at Forest City Ratner's 15 MetroTech Center anchored a new 653,000 square foot building to be completed in 2003.
    • This transaction is one of a group of 4 short term and 2 long term transactions aimed at getting 2,000 World Trade Center-based Empire employees back to work in the aftermath of 9/11.  All deals were completed within 2 months.
    • Earlier work completed for Empire—the restructuring of the company's 2 million square foot portfolio—received REBNY's 1998 Robert T. Lawrence Memorial Award.
  • In addition to the post 9/11 Empire transactions, Mary Ann also spear-headed the relocation of the Port Authority's and Marsh & McLennan's World Trade Center operations, completing 1.7 million square feet of short, medium and long term deals, accounting for approximately 20% of WTC occupancy, within 90 days after the attack.

2000

  • John Wiley & Sons' 400,000 square foot lease anchored 111 Prver Street, SJP Properties' development of the 1.1 million square foot Waterfront Corporate Center in Hoboken, New Jersey.  Wiley received $15 million NPV in discretionary incentives from the State of New Jersey.
  • 270 Broadway was sold on behalf of the State of New York for the highest price ever obtained for a State property.

1998

  • Christie's leased 300,000 square feet from Tishman Speyer Properties at Rockefeller Center.  Mary Ann solved the auction house's long-standing North American headquarters requirement by combining 2 buildings and a garage to form 20 Rockefeller Plaza, an address created for Christie's.
  • 350 Madison Avenue was sold to Max Capital Management Corp. on behalf of Condé Nast.

1997

  • 622-3rd Avenue was sold on behalf of Empire Blue Cross Blue Shield.
  • 685-3rd Avenue was sold on behalf of Leucadia National Corporation.
  • The Federal Reserve Bank of New York leased 400,000 square feet at
    33 Maiden Lane.

1996

  • Condé Nast leased 720,000 square feet from The Durst Organization at
    4 Times Square, anchoring the construction of a 1.6 million square foot tower.
  • The Condé Nast Building was the only new Midtown office building completed in the 1990s, ending the longest New York City construction drought since World War II.  It was also the first building to be developed as part of the Times Square Re-Development Plan, and the first “Green” skyscraper constructed in New York.
    • The Condé Nast deal won REBNY's 1997 Henry Hart Rice Award (Deal of the Year).
  • 110-5th Avenue was sold on behalf of the New York Times Company.

1993

  • The Rockefeller Foundation purchased a commercial condominium
    at 420-5th Avenue.

1992

  • Random House net leased 825-3rd Avenue, a 500,000 square foot property, from The Durst Organization.
  • The Internal Revenue Service leased 240,000 square feet at The Durst Organization's 1133 Avenue of the Americas, a complex transaction for which Mary Ann won REBNY's 1992 Robert T. Lawrence Memorial Award (Deal of the Year).

1991

  • SONY net leased the former AT&T headquarters at 550 Madison Avenue, at 770,000 square feet, the nation's largest transaction in that year.

Mary Ann Tighe

Chief Executive Officer

New York Tri-State Region


Brokerage Services

New York, New York

 

T 212.984.8128

F 212.984.8322

 

maryann.tighe@cbre.com

 

 
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