Managing director has more than 15 years of experience in Downtown office market
NEW YORK, NY – March 26, 2012 – (RealEstateRama) — Jones Lang LaSalle has named John Wheeler, managing director, to oversee its Lower Manhattan office. He will also continue to provide brokerage and advisory services to some of the firm’s most significant clients.
Wheeler, 50, has more than 28 years of experience in all aspects of commercial real estate, including brokerage, asset management, acquisitions and property management.
“John Wheeler was the natural choice to lead Jones Lang LaSalle’s activities in Downtown New York,” said Peter Riguardi, president of Jones Lang LaSalle’s New York region. “Lower Manhattan is one of the most important and challenging office submarkets in the tri-state area, and our commitment to the area has never wavered. John is one of a very few individuals with the skill and expertise to oversee our work Downtown, and to continue to expand on our track record of success there.”
In addition to his brokerage responsibilities, Wheeler also directs the firm’s activities on behalf of Gramercy Capital Corp., which has amassed a portfolio that encompasses 13.5 million square feet of office space and bank branches throughout the United States. Wheeler’s brokerage clients include JPMorgan Chase & Co., Crédit Agricole CIB and Tudor Investment Corp.
Wheeler has been with Jones Lang LaSalle for more than 16 years in total. He has also worked with Antares Investment Partners, where he headed the firm’s acquisitions and asset management activities, including a proprietary office fund it formed with Goldman Sachs.
His notable transactions in Downtown New York have included more than 1.1 million square feet in dispositions on behalf of Wells Fargo and a 450,000-square-foot, 20-year master lease for the New York City Housing Authority for the entire building at 180 Water Street. Wheeler has also represented MetLife, General Electric and Aegon Insurance and other large corporations in major real estate transactions in Lower Manhattan.
Wheeler received a bachelor’s degree from Union College. He is a member of the Real Estate Board of New York.
Jones Lang LaSalle is a leader in the New York tri-state commercial real estate market, with more than 1,700 of the most recognized industry experts offering brokerage, capital markets, facilities management, consulting, and project and development services. In 2010, the New York tri-state team completed approximately 17 million square feet in lease transactions, completed capital markets transactions valued at $861 million, managed projects valued at more than $5.8 billion, and oversaw a property and facilities management portfolio of 83.5 million square feet.
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 2011 global revenue of $3.6 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 2.1 billion square feet worldwide. LaSalle Investment Management, the company’s investment management business, is one of the world’s largest and most diverse in real estate with $47.7 billion of assets under management. For further information, please visit our website, www.joneslanglasalle.com.
Contact:
George Shea, Mark Faris
Company: Shea Communications
Phone: +1-212-627-5766
Email: mfaris (at) sheacommunications (dot) com
