Elizabeth Ughetta joined Newmark in 2016 as an associate in the firm’s New York headquarters. Ms. Ughetta works with Vice Chairman Fred Smith on tenant representation assignments in the New York metropolitan area.
Most recently, Ms. Ughetta and Mr. Smith represented CICC, China’s largest financial intermediary, in relocating its headquarters from 350 Park Avenue to 280 Park Avenue. CICC signed a 10-year lease for 20,000 square feet, doubling the size of its headquarters.
Other recent transactions include a 10-year lease signed by the General Services Administration for 25,000 square feet in New York City. She represented Molloy College in its leasing of 16,540 square feet at 50 Broadway, located in Manhattan’s Financial District. The 15-year lease will allow the college, which is located on Long Island, to establish its first New York City campus. Ms. Ughetta also represented Suntory International Corp. in a 10-year lease for part of the seventh floor at 600 Third Avenue, totaling 5,250 square feet.
Additionally, Ms. Ughetta worked with Mr. Smith to successfully represent CEMEX, one of the largest building supply companies in the world, in negotiations to restructure its 15-year lease at 590 Madison Avenue, IBM’s former U.S. headquarters. The restructuring released the Monterrey, Mexico-based company from its contingent liability by assigning its 12,856 square feet of space and relocated the company to 5,903 square feet on a new floor.
Ms. Ughetta is a graduate of Hamilton College, where she earned a Bachelor of Arts degree in creative writing with a minor in anthropology. While attending the college, Ms. Ughetta served as president of Phi Beta Chi Sorority and co-chaired the Inter Society Council of all 15 of its Greek member organizations.
As an elected member of the student assembly, Ms. Ughetta was also concerned with issues relevant to the wider student population, including campus safety and the college health center. At the same time, Ms. Ughetta was chosen by administrators to serve as executive board events coordinator for Hamilton Alumni Leadership Training (HALT), an organization dedicated to keeping graduates actively involved in the life of the college. Ms. Ughetta is also a graduate of The Lawrenceville School.