The Carlyle Group Taps JLL as Property Manager for 866 United Nations Plaza

6/10/17

JLL has provided property management services at the Class A, 471,000-square-foot commercial condominium since December 2013

JLL has been selected by The Carlyle Group as the exclusive property manager for 866 United Nations Plaza. The firm will provide a full range of property management services at the Class A, 471,000-square-foot office condominium.

The JLL professionals handling the assignment include Margarita Palos, general manager of 866 United Nations Plaza,and Joseph Walpole, assistant general manager.Providing oversight and platform supportare Linda Aronson, managing director and head of property management in the New York tri-state region,and Matt Duthie, managing director and head of property management in New York.

“We appreciate being chosen by The Carlyle Group to continue managing 866 United Nations Plaza,” said Palos. “We were heavily involved in the previous owner’s conversion of the building into office condominiums, which are being marketed for sale. Located directly across from the United Nations, most of the existing tenants and previous condominium buyers are missions, consulates and non-government organizations.”

Constructed in 1968, thesix-story 866 United Nations Plaza was designed by Harrison, Abramovitz & Harris, whichalso designed the master plan for the United Nations complex.

Rudder Property Group is exclusively handling the marketing and sales on behalf of The Carlyle Group.

JLL is a leader in the New York tri-state commercial real estate market, with more than 2,400 of the most recognized industry experts offering brokerage, capital markets, property/facilities management, consulting, and project and development services. In 2016, the New York tri-state team completed approximately 28.2 million square feet of lease transactions; arranged investment sales, notes, debt and equity transactions valued at more than $12.0 billion; managed projects valued at $7.9billion; and oversaw a property management, facilities management and agency leasing portfolio exceeding 146.7million square feet.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2016, JLL had revenue of $6.8 billion and fee revenue of $5.8 billion and, on behalf of clients, managed 4.4 billion square feet, or 409 million square meters, and completed sales acquisitions and finance transactions of approximately $136 billion. At the end of the first quarter of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of more than 78,000. As of March 31, 2017, LaSalle Investment Management had $58.0 billion of real estate under asset management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.

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