Transaction Highlights

• Represented Young & Rubicam in its 339,132 square foot headquarters move to 3 Columbus Circle.  Y&R bought 214,372 square feet as a condo interest and leased 124,760 square feet for 20 years.  Y&R is relocating from 285 Madison Avenue, where it has been headquartered for 85 years. In December 2012, CBRE sold 285 for $189.2M.​
  
  

• As agent for 1540 Broadway, an asset owned by a fund controlled by CBRE Global Investors, developed a strategic repositioning plan and completed a successful lease-up of the property in less than two years. Helped sell a 49% interest in November 2010 and the remaining 51% interest in September 2011, resulting in a gross IRR to investors of 63%, a record return in CBREI’s 40-year history.
• Represented Condé Nast in its 25 year 1,185,035 square foot lease at One World Trade Center, the nation’s tallest building.  This transaction was widely heralded as a transformational deal for Downtown Manhattan and the World Trade Center site.  It was the largest lease signed Downtown in 25 years.  The Condé Nast deal won REBNY’s 2011 Robert T. Lawrence Award (Deal of the Year)
• Was CBRE’s top producer firm-wide in 2011.
  
  

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 in 2008.
  
  

• 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 has signage at 250 and a private rooftop conference center.
  
  

• Represented Limited Brands in a Midtown Manhattan consolidation of 360,000 square feet at 1740 Broadway.  The building is 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).
  
  

• 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 was called “The CIT Building.”  Also completed a 100,000 square foot lease for CIT at 11 West 42nd Street to house support operations.​​

• 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.

• 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.
  
  

• Bank of New York’s 317,572 square foot lease anchored Forest City Ratner’s Atlantic Terminal development, 2 Hanson Place, 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.
  
  

• 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 2001 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.  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.  When occupied in 2007, this was the Times' first new headquarters in a century.
  
  The New York Times deal won REBNY's 2001 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.
  
• 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.
  
  

• John Wiley & Sons' 400,000 square foot lease anchored 111 River 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.
  
  

• 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.

• Created a strategic plan that lead to the restructuring of Empire Blue Cross Blue Shield’s 2 million square foot portfolio.  As part of this effort, a 465,000 square foot lease at One World Trade Center was executed and their Midtown headquarters, 622 Third Avenue, was sold.  This transaction received REBNY’s 1997 Robert T. Lawrence Memorial award (Deal of the Year)
• 685-3rd Avenue was sold on behalf of Leucadia National Corporation.
• Represented the Federal Reserve Bank of New York in its 400,000 square foot lease at 33 Maiden Lane.

• 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 1996 Henry Hart Rice Award (Deal of the Year).
  
• 110-5th Avenue was sold on behalf of the New York Times Company.
  
  

• Represented the Rockefeller Foundation in its purchase of a commercial condominium at 420-5th Avenue.
  
  

• Represented Random House in its net lease of 825-3rd Avenue, a 500,000 square foot property, from The Durst Organization.
• Represented the Internal Revenue Service in its 240,000 square foot lease 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).
  
  

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