Vaghefi, Morris, Rockett and Beneville of JLL close $150.35m sale of 230-unit building: The Wimbledon

Jones Lang LaSalle's Multifamily Capital Markets team has completed the sale of The Wimbledon, a 230-unit apartment complex on the Upper East Side for $150.35 million. JP Morgan Investment Management is purchasing the building, located at 200 East 82nd St., from P & H Associates. The Jones Lang LaSalle team of Jubeen Vaghefi, Jeff Morris, Nat Rockett and Thomas Beneville, all managing directors, handled this assignment. Located near Central Park, the 28-story apartment complex includes 6,203 s/f of street-level retail, which is fully leased and occupied by Citibank. The Wimbledon has a 24-hour doorman, concierge service and on-site superintendent with repair and porter service. Jones Lang LaSalle Capital Markets is composed of a broad range of real estate investment debt and equity specialists, and corporate finance experts, working on all property types and in all the major national markets on behalf of major institutional and local investors and developers, as well as corporations. The firm's capital markets professionals are highly skilled at pinpointing and tailoring the right capital solutions for each of these client's needs. The investment sales teams assist investors in developing and executing asset recapitalization strategies for office, industrial, retail, multifamily, healthcare and seniors housing product.  The firm's real estate investment banking experts raise debt and joint venture equity for investors and developers, and provide secondary loan sale advisory services. The corporate capital markets professionals help corporations develop and execute strategies that bridge their occupancy, capital deployment and financial reporting objectives for their facility portfolios. Collectively, the firm's Capital Markets team handled $82 billion in annual transaction volume in 2007. About Jones Lang LaSalle Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2007 global revenue of $2.7 billion, Jones Lang LaSalle has approximately 170 offices worldwide and operates in more than 700 cities in 60 countries. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.2 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the worlds largest and most diverse in real estate with approximately $49.7 billion of assets under management. For further information, please visit our Web site, www.joneslanglasalle.com 200 East Randolph Drive Chicago Illinois 60601 │ 22 Hanover Square London W1A 2BN │ 9 Raffles Place #39-00 Republic Plaza Singapore 048619