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News release

New York

Jones Lang LaSalle Selected by CWCapital Asset Management, on Behalf of Otéra Capital, to Lease, Manage 1330 Avenue of the Americas

Firm to Lease 140,000 SF of Available Space at Class A Office Building


NEW YORK, June 6, 2009 — Jones Lang LaSalle was selected by CWCapital Asset Management (CWCAM), on behalf of Otéra Capital, as the exclusive leasing agent and property manager for the 525,000-square-foot 1330 Avenue of the Americas. The 40-story, Class A boutique office building has approximately 140,000 square feet of available space.
 
The Jones Lang LaSalle team overseeing the assignment at 1330 Avenue of the Americas will be led by Peter Riguardi, president of Jones Lang LaSalle’s New York office, along with Frank Doyle, international director, Cynthia Wasserberger, managing director, and David Kleiner, senior vice president, all with Jones Lang LaSalle’s New York office.
 
“This is the pre-eminent boutique office building on Sixth Avenue,” said Riguardi. “1330 Avenue of the Americas offers a unique opportunity for prestigious small to midsize tenants to obtain top-quality office space with expansive views of Central Park from the upper floors and the Sixth Avenue streetscape from the lower floors.”
 
Jones Lang LaSalle will pursue an aggressive marketing campaign for the building that will feature prebuilt spaces on the larger base floors and on the top floors of the building. The base floors contain approximately 16,300 square feet of space and the tower floors offer approximately 10,000 square feet.
 
The 1330 Avenue of the Americas office building, constructed in 1965, is located in Manhattan on Sixth Avenue between West 53rd and West 54th streets. Existing office tenants at the building include Pearson, Harry Winston, Silvercrest Asset Management Group, and Stein Roe Investment Counsel L.L.C.
 
About CWCapital Asset Management and Otéra Capital
 
CWCapital Asset Management (CWCAM) is one of the industry’s premier special servicers. A member of the CW Financial Services (CWFS) vertically integrated family of companies, which also includes CWCapital Investments and CWCapital, CWCAM is currently named as special servicer for CMBS transactions backed by $174 billion of multifamily and commercial loans representing approximately 14,000 mortgage loans. CWCAM also performs special servicing duties on mezzanine loans and B Notes, acts as special servicer for CDO issuances, and performs third party special servicing for non-affiliated subordinated CMBS purchasers.
 
CWFS employs approximately 300 employees located in 12 offices nationwide. For more information, visit www.cwcapital.com.
 
Otéra Capital offers a wide array of commercial real estate debt services from origination and underwriting to asset management, along with a sophisticated range of products extending from conventional mortgages to structured products. We are active in Canada, the United States and Europe.  We are a subsidiary of the Caisse de dépôt et placement du Québec, one of the leading institutional fund managers in Canada and the United States. For more information, visit www.oteracapital.com.
 
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 2008 global revenue of $2.7 billion, Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.4 billion square feet worldwide.  In the New York area, Jones Lang LaSalle provides leasing and management services for nearly 45 million square feet of commercial real estate. For further information, please visit our Web site, www.joneslanglasalle.com.
 
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