Tighe emphasizes the impact of this transaction. "It's important for people to realize that you see an almost 30-year deal," she tells GlobeSt.com. "That's pretty remarkable." She also notes that the deal is important on other levels. "In the whole scheme of things, you see how far we've come from 9/11." After the tragedy, she adds,there was the idea that large companies would move to short buildings in the suburbs.

Gene Donnelly, vice chairman for operations at PwC, notes that the location was chosen and the space designed based on an employee survey and that the site can accommodate the firm's growth and expansion for many years to come.

Newmark & Co. Real Estate Inc.'s Barry Gosin and Moshe Sukenik represented Kramer Levin in the 1177 Ave. of the Americas deal, which involved a sublease from PwC and a long-term lease extension after the initial sublease term expires at the one million sf owned by the Paramount Group Inc. In addition, PwC was represented by Newmark's Scott Klau and Neil Goldmacher, who worked in conjunction with Varsames and Ernst of CLW."It solidifies our presence well into the future and provides the space and expansion options we will need in coming years," says Kramer Levin managing partner Paul Pearlman. "The building is conveniently located for our lawyers, staff and clients. It is a terrific, class A building, and the current real estate environment enabled us to capitalize on this exceptional opportunity."

Designed by Skidmore Owings & Merrill, 300 Madison rises 35 stories in Midtown, one block west of Grand Central Terminal. The building features an auditorium, dining facilities and other amenities on the lower levels. In July of 2000, Brookfield purchased the development site, which was acquired from Credit Suisse First Boston for $130 million.